GOOD NEWS AGAIN PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
6 February 2018
SDX ENERGY INC.
("SDX" or the "Company")
Update on ONZ-7 well, Morocco
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce that the ONZ-7 well on the Sebou permit in Morocco has been completed and tested.
Using a 48/64" choke, the ONZ-7 well achieved an average flow rate of conventional natural gas of 10 MMscf/d (million standard cubic feet per day). The well will now be shut in for several days for a pressure build-up after which it will be connected to the local infrastructure.
Paul Welch, President and CEO of SDX, commented:
"Today's positive update on ONZ-7 reaffirms our view that the Sebou permit has the potential to be highly cash generative for SDX. Furthermore, the maximum flow rate during this test of 15.34MMscf/d is the highest achieved to date in the basin. This provides us with further confidence in being able to deliver our gross production target of 8-10MMscf/d of conventional natural gas in Morocco by the end of 2018."
About SDX