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IN BRIEF: SDX's two-well campaign delayed into first quarter of 2022

Tue, 14th Dec 2021 21:42

SDX Energy PLC - London-based exploration and production company - Due to operational issues concerning the drilling of the KSR-19 well, as well as Covid restrictions affecting the mobilisation of equipment and personnel, the current two well drilling campaign in Morocco is expected to not be complete until well into the first quarter of 2022.

"Whilst this delay is disappointing, we want to take the time necessary to ensure that the operational issues that have been impacting the drilling of KSR-19 are thoroughly dealt with, thus allowing us to safely recommence drilling as soon as possible," says Chief Executive Officer Mark Reid.

Current stock price: 8.25 pence

Year-to-date change: down 54%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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