Continental Focus, International Reach

Well Test Confirms Ibn Yunus-1X Discovery

Monday, May 21, 2018

SDX Energy’s well test on the Ibn Yunus 1X confirmed that the well was a conventional natural gas discovery, adding new gas resources to Egypt’s totals. The Ibn Yunus 1X well was drilled to a total depth of 9,608 ft and encountered 100.8 ft of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%.

Well test operations have now commenced and the well has successfully flowed natural gas at a stabilized rate of 39.3 Mmscf/d on a 32/64” choke. This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken.

Working with its partners, SDX will now aim to bring the discovery into commercial production prior to year-end 2018.

Paul Welch, President and CEO of SDX, commented, “The flow test from Ibn Yunus 1X is a very positive outcome which has exceeded our expectations and is a strong endorsement of the significant potential of the license. We remain optimistic about further positive news flow as we move towards delivering first gas from the license before the end of 2018. We look forward to updating shareholders on our progress at South Disouq over the coming months.”


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