GREY:SDRYF - Post by User
Post by
andy604on Aug 17, 2018 3:00am
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Post# 28476210
the rest of the announcement by PW
the rest of the announcement by PW
Paul Welch, President and CEO of SDX, commented:
"We are very pleased with the test results of the SD-3X well as it exceeded our expectations. The well is located the furthest down dip on the structure and had the least amount of pay when compared to the two offset wells. We therefore limited both the test duration and peak rates to ensure that no damage was done to the well whilst testing it. The well performed in line with the offsets even with the reduced pay section. We are now very confident that we can achieve the peak rates at the planned facility at South Disouq of 60MMscfd of conventional natural gas with our current well stock. We intend to connect this well to infrastructure located adjacent to our SD-1X discovery over the coming months. We are targeting a late Q4 2018 start-up of production in South Disouq.
The rest of our portfolio of assets continues to perform well and I look forward to updating our shareholders on all of our activity when we release our Q2 results on August 28, 2018."