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Mon, 23rd Jul 2018 15:12
(Sharecast News) - North Africa-focussed oil and gas company SDX Energy announced on Monday that a gas discovery has been made at its SD-3X well in the South Disouq Concession in Egypt, where it holds a 55% working interest as the operator.The AIM-traded firm said SD-3X well was drilled to a total depth of 7,842 feet, and encountered 32.6 feet of net conventional natural gas pay in the Abu Madi and Kafr el Sheik horizons, with an average porosity in the pay sections of 21.7%.It said the SD-3X well would now be completed as a producer in the Abu Madi horizon, and then tested after the drilling rig was moved off location.In order to optimise the potential recovery from the SD-3X well, the Abu Madi horizon would be completed and produced initially before re-entering the well to complete and produce the Kafr el Sheik horizon.The Abu Madi testing was anticipated to begin between 30 and 45 days after the rig departed, depending on the availability of testing equipment.Assuming a successful test in the Abu Madi, SDX said it anticipated that the well would be connected to the infrastructure located adjacent to the original SD-1X discovery, where production start-up was anticipated late in the fourth quarter of 2018."The discovery of gas in both the Abu Madi and Kafr el Sheik horizons is a very positive outcome for the SD-3X well," said SDX president and CEO Paul Welch."As demonstrated by the Ibn Yunus discovery earlier this year, the Kafr el Sheik horizon is an excellent quality productive sequence."Welch said the SD-3X discovery had confirmed that the horizon was "extensively present" throughout the concession."We will now analyse the data from all four wells drilled in the South Disouq campaign, as well as reprocessing and inverting the existing 3D seismic we have on the concession."Upon interpretation of this data, and completion of the new 3D survey later this year, we expect to identify further Abu Madi and Kafr el Sheik prospectivity for drilling in 2019 and 2020."With our drilling activities completed, we will now focus on the completion of the South Disouq processing facility and pipeline infrastructure with a view to achieving first production by the end of 2018."
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18 Jul 2022 17:00
UPDATE: Tenaz considers options as SDX Energy deal faces opposition
SDX Energy PLC - London-based oil and gas company - Canada-headquartered Tenaz Energy Corp "evaluating options" after SDX Energy PLC shareholder Aleph Commodities Ltd announces intention to vote against merger of Tenaz and SDX.
Read more18 Jul 2022 10:39
IN BRIEF: SDX Energy big shareholder plans to vote against Tenaz deal
SDX Energy PLC - London-based oil and gas company - Receives letter from shareholder Aleph Commodities Ltd, which holds 25.7% stake in firm, that it intends to vote against agreed all-share merger with Canada-headquartered Tenaz Energy Corp.
Read more15 Jul 2022 13:57
IN BRIEF: SDX Energy completes drilling at Meseda field in Egypt
SDX Energy PLC - London-based oil and gas company - Completes drilling at the MSD-23 infill development well on the Meseda field in West Gharib, Egypt. SDX says the development drilling campaign is aimed at growing to a gross production of about 3,500 - 4,000 barrels of oil per day by early 2023.
Read more29 Jun 2022 15:48
IN BRIEF: SDX Energy spuds fifth well in Egyptian development campaign
SDX Energy PLC - London-based oil and gas company - Spuds the MSD-23 infill development well at the Meseda field on the West Gharib concession in Egypt. MSD-23 is the fifth well in a fully funded 13 well development campaign. The fourth well, MSD-24, is currently producing in line with pre-drill estimates at 300 barrels per day. Operations at the third well continue.
Read more14 Jun 2022 13:07
IN BRIEF: SDX Energy average production ahead of market guidance
SDX Energy PLC - London-based oil and gas company - Reports an average entitlement production of 3,778 barrels of oil equivalent at May 31, 10% higher than the mid-point 2022 market guidance of 3,425 boepd. Notes production in Morocco and South Disouq was above guidance while West Gharib production was behind due to mechanical issues. Expects West Gharib production to increase in the second half of the year. Condensate production from the SD-5X well at South Disouq is better than expected at gross 100 to 110 barrels per day compared to pre-drill expectations of 25 to 30 bopd.
Read more13 Jun 2022 12:12
SDX Energy completes drilling at MSD-24 well in Egypt
(Alliance News) - SDX Energy PLC on Monday said it completed drilling at the MSD-24 infill development well at the Meseda field in the 50% owned West Gharib concession in Egypt.
Read more8 Jun 2022 12:17
TRADING UPDATES: City Pub Jubilee boost; Fulham Shore fights inflation
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more7 Jun 2022 15:53
UK shareholder meetings calendar - next 7 days
| Wednesday 8 June | |
| Ascent Resources PLC | AGM |
| Cambridge Cognition Holdings PLC | AGM |
| City Pub Group PLC | AGM |
| DP Eurasia NV | AGM |
| Gem Diamonds Ltd | AGM |
| Hiro Metaverse Acquisitions I SA | AGM |
| Itaconix PLC | AGM |
| M&G Credit Income Investment Trust PLC | AGM |
| Nostrum Oil & Gas PLC | AGM |
| Parity Group PLC | AGM |
| Petards Group PLC | AGM |
| Safestyle UK PLC | AGM |
| Savannah Resources PLC | AGM |
| Third Point Investors Ltd | AGM |
| Woodbois Ltd | AGM |
| Thursday 9 June | |
| 4basebio PLC | AGM |
| BioPharma Credit PLC | AGM |
| BlackRock Smaller Companies Trust PLC | AGM |
| Checkit PLC | AGM |
| Corero Network Security PLC | AGM |
| Dignity PLC | AGM |
| Funding Circle Holdings PLC | AGM |
| Instem PLC | AGM |
| Invesco Perpetual UK Smaller Companies Investment Trust PLC | AGM |
| Kistos PLC | AGM |
| Kore Potash PLC | AGM |
| Kosmos Energy PLC | AGM |
| Northbridge Industrial Services PLC | GM re name change to Crestchic |
| Northbridge Industrial Services PLC | AGM |
| Panther Metals PLC | AGM |
| Rambler Metals & Mining PLC | AGM |
| REA Holdings PLC | AGM |
| Round Hill Music Royalty Fund Ltd | AGM |
| Tungsten Corp PLC | GM re Kofax Offer |
| Xpediator PLC | AGM |
| Friday 10 June | |
| Chariot Ltd | AGM |
| Ergomed PLC | AGM |
| MP Evans Group PLC | AGM |
| THG PLC | AGM |
| Ultra Electronics Holdings PLC | AGM |
| XLMedia PLC | AGM |
| Monday 13 June | |
| Angus Energy PLC | GM re second tranche of subscription shares and warrants |
| Elixirr International PLC | AGM |
| Jupiter Emerging & Frontier Income Trust PLC | GM re voluntary liquidation |
| Mirriad Advertising PLC | AGM |
| Ocean Outdoor Ltd | GM re takeover by Atairos Group Inc |
| Saga PLC | AGM |
| Spectra Systems Corp | AGM |
| VPC Speciality Lending Investments PLC | AGM |
| Tuesday 14 June | |
| Andrews Sykes Group PLC | AGM |
| Coro Energy PLC | AGM |
| DCD Media PLC | GM re de-listing from AIM |
| Everyman Media Group PLC | AGM |
| Fair Oaks Income Ltd | AGM |
| Genflow Biosciences PLC | AGM |
| IP Group PLC | AGM |
| LoopUp Group PLC | AGM |
| Pod Point Group Holdings PLC | AGM |
| SDX Energy PLC | AGM |
| Somero Enterprises Inc | AGM |
| St Mark Homes PLC | AGM |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
30 May 2022 17:26
UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down
(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more26 May 2022 13:56
SDX Energy spuds offshore Egypt exploration well
(Sharecast News) - Middle East and North Africa-focussed SDX Energy announced the spudding of the MA-1X exploration well, where it has a 67% working interest, offshore Egypt.
Read more25 May 2022 20:03
TRADING UPDATES: SDX supports takeover by Tenaz; Marlow buys
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more25 May 2022 09:11
LONDON MARKET OPEN: M&S shares rise but partner Ocado falls on warning
(Alliance News) - Stock prices in London pushed higher early Wednesday, with European markets showing few signs of trepidation ahead of the release of the US Federal Reserve's latest meeting minutes.
Read more18 May 2022 17:46
IN BRIEF: SDX Energy spuds MSD-24 infill well on Meseda field
SDX Energy PLC - London-based oil and gas company focused on Egypt and Morocco - Announces spudding of the MSD-24 infill development well on the Meseda field in the West Gharib concession in Egypt.
Read more6 May 2022 19:11
TRADING UPDATES: Enwell pleased with SV-31; SDX Energy ties in well
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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