“We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%,” Paul Welch, SDX’s president and CEO, said in a statement.
“Our drilling activity in Morocco is off to an excellent start and provides us with renewed confidence in the overall program,” he added.
“The succession of above expectation well results allows us to accelerate our new customer acquisition activities and may result in us bringing forward the start of our forecast increased gas sales,” he said.
The statement noted that the well was drilled to a total depth of 1,896 m and encountered 14.2 m of net conventional natural gas pay in the Hoot Formation.
SDX Energy expects that the well will be connected to the existing infrastructure and placed on production within the next 30 days.