SDX's Egypt Well is Dry

AIM-listed North Africa explorer SDX Energy’s latest Egypt exploration well is dry.

The Kelvin-1X exploration well at the South Disouq licence onshore Egypt (SDX operator, with 55% interest) found sands of only low gas saturation which it deemed to be uncommercial; the rig will now move to its SD-4X appraisal well, also on South Disouq, said SDX.

It discovered gas on the licence with its SD-1X well in April 2017, and more recently with its Ibn Yunus-1X well. SDX aims to bring both onstream as “quickly as possible, with first gas prior to year-end 2018.”

Separately NewAge has spudded the IM-6 well on the Etinde licence in Cameroon, fellow UK partner Bowleven said May 22. Drilling and logging operations will last about 100 days. Russia’s Lukoil is the third partner on the Etinde licence.