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SDX Energy provides update on ONZ-7 well, Morocco

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Oilfield Technology,

SDX Energy Inc., the North Africa focused oil and gas company, has announced that the ONZ-7 well on the Sebou permit in Morocco has been completed and tested.

Using a 48/64 in. choke, the ONZ-7 well achieved an average flow rate of conventional natural gas of 10 million standard ft3/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 million standard ft3/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 million standard ft3/d of conventional natural gas in Morocco by the end of 2018.”

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