SDX Energy PLC - London-based exploration and production company - Starts the second phase of its 2021 drilling campaign in Morocco, with the spud of the KSR-19 well. KSR-19 will be followed by the SAK-1 well which, if successful, will open a new exploration area in the Lalla Mimouna Sud concession. "This second phase will consist of two wells with the objective of adding reserves to allow us to continue to deliver gas to our customers in line with their contractual requirements," says Chief Executive Mark Reid.
Current stock price: 9.93 pence, down 0.7%
Year-to-date change: down 45%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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SDX Energy (SDX)