Energy

SDX Energy (TSXV, AIM: SDX) has provided an update on the location of its latest drilling rig.

SDX Energy (TSXV, AIM: SDX) has provided an update on the location of its latest drilling rig.
As quoted in the press release:

SDX can confirm that well location construction has been completed and that the Sino-Tharwa 6 drilling rig is currently being mobilised to the location.  The Company anticipates drilling to commence at the SD-1X location within the next fortnight.
Paul Welch, President and CEO of SDX, commented:
“We are pleased with the progress we have made around the preparations for the upcoming drilling campaign on South Disouq. We look forward to keeping the market appraised of drilling developments over the coming weeks.”
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX Energy has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX Energy’s portfolio also includes two high impact exploration opportunities, South Disouq in Egypt and Lalla Mimouna in Morocco.
For further information, please see the website of the Company at www.sdxenergy.com or the Company’s filed documents at www.sedar.com.
Unless otherwise defined, capitalised terms used in this announcement have the same meaning as set out in the Acquisition Announcements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE SDX Energy Inc.

Click here to read the full press release.

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