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andy604on Jan 15, 2018 2:12am
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Info ONZ 7 WELL MOROCCO
Info ONZ 7 WELL MOROCCO 15 January 2018
SDX ENERGY INC. (“SDX” or the “Company”)
Spud of ONZ-7 well, Morocco
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, has spud its ONZ-7 development well on the Sebou permit in Morocco.
The ONZ-7 well is the fifth well in the Company’s nine well campaign. The well is anticipated to take 10-15 days to drill and if successful is expected to be completed, flow tested and connected to existing infrastructure.
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX’s portfolio also includes high impact exploration opportunities in both Egypt and Morocco.
For further information, please see the website of the Company at www.sdxenergy.com or the Company’s filed documents at www.sedar.com.
For further information:
SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: +44 203 219 5640
Mark Reid Chief Financial Officer Tel: +44 203 219 5640
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Callum Stewart Nicholas Rhodes Ashton Clanfield Tel: +44 (0) 20 7710 7600
Cantor Fitzgerald Europe (Joint Broker) Sarah Wharry Tel: +44 207 7894 7000
GMP FirstEnergy (Joint Broker) Jonathan Wright/David van Erp Tel: +44 207 448 0200
Celicourt (PR) Mark Antelme/Jimmy Lea/Ollie Mills Tel: +44 207 520 9260
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is