Sunday, June 17, 2018
SDX Energy spud its next well in Egypt, the SRM-3 appraisal well. The well is being drilled on the South Ramadan concession where SDX holds a 12.75% working interest.
The SRM-3 well is the last remaining commitment well on the South Ramadan concession. The well is anticipated to take up to 90 days to drill and complete.
Based upon the results of this well the company will decide how best to optimize its position in the license.