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Thursday, August 11, 2022
SDX Energy Plc announced the spudding of the SAK-1 exploration well on the August 6 at the Lalla Mimouna Sud concession in Morocco. The SAK-1 is targeting the Guebbas Formation reservoir at around 1,108m MD (1,095m TVDSS). The well will also complete the remaining commitment on the Lalla Mimouna Sud Concession.
SAK-1 is the first of a fully-funded, two well- campaign on the SDX Gharb Basin acreage, Morocco planned for Q3 2022, with up to a further three wells being considered for acceleration into Q4 2022/Q1 2023 depending on the results of the Q3 campaign and customer demand.
Mark Reid, CEO of SDX, commented: “I am pleased to announce the spudding of SAK-1, the first well in the two well Q3 2022 drilling campaign in our Morocco concessions. The objective of this well is to add reserves to allow us to continue supplying gas to our customers in line with their contractual requirements. Success at SAK-1 would also open a new exploration area for us to the west of our existing production hub, with several follow-up prospects already having been identified.
“We would like to thank ONHYM for providing invaluable assistance in enabling us to commence drilling operations and I look forward to updating the market further as this well and our broader campaign progresses throughout the year.”
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