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North Africa focused oil and gas company SDX Energy Inc. announced in a press release Monday, 7th of May, that a conventional natural gas discovery has been made at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco.
«The well encountered 16.4 meters of net conventional gas pay sands which had an average porosity of 32% in an over-pressured section», says the British company. The LMS-1 well was drilled to 1158 meters depth and showed the presence of liquid hydrocarbons.
«We are very pleased with the results of this exploration well as it has significantly exceeded our pre-drill estimates for both reservoir quality and pay sand thickness», said Paul Welch, President and CEO of SDX.
He explained that «whilst the group is on track to double overall production in 2018, this provides us with the ability to further grow our reserves and production potential in Morocco, where we are targeting a four-fold increase in production from our current portfolio in the medium term».
The LMS-1 well is similar to SDX Energy’s last discovery in Morocco, LNB-1. The latter was a higher risk exploration which turned out to be successful.
For the record, SDX Energy has 75% working interest in Sebou concession situated in the Rharb Basin. Based in London, UK, the oil and gas exploration company is also operating in Egypt.
