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Wednesday, February 7, 2018
SDX Energy has completed and tested the ONZ-7 well on Morocco’s Sebou permit. Using a 48/64″ choke, the ONZ-7 well achieved an average flow rate of conventional natural gas of 10 Mmscf/d.
The well will now be shut in for several days for a pressure build-up after which it will be connected to the local infrastructure.
Paul Welch, president and CEO of SDX, commented “Today’s positive update on ONZ-7 reaffirms our view that the Sebou permit has the potential to be highly cash generative for SDX. Furthermore, the maximum flow rate during this test of 15.34 Mmscf/d is the highest achieved to date in the basin. This provides us with further confidence in being able to deliver our gross production target of 8-10 Mmscf/d of conventional natural gas in Morocco by the end of 2018.”
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