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SDX Energy confirms KSR-15 well is now in production

"This positive result reaffirms our ability to deliver increased rates to our customers in 2018,” said Paul Welch, SDX chief executive

SDX Energy Inc (LON:SDX CVE:SDX) has confirmed that the KSR-15 well, at the Sebou field onshore Morocco, has now been tested and put on production.

The well yielded into the sales line a restricted average rate of 7.52mln cubic feet of gas per day during the testing phase.

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"This positive result reaffirms our ability to deliver increased rates to our customers in 2018,” said Paul Welch, SDX chief executive.

“We now have two wells that exceed our existing daily commitments of 6 MMscfd on a stand-alone basis.

“We are now very confident in delivering upon our planned natural gas sales rates of 10-11 MMscfd in 2018. I look forward to reporting on the flow rates of our recently drilled KSR-16 well in due course."

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Meanwhile, the KSR-16 well has now been connected to the production infrastructure, and test production is due to start in the next 10 days.

Drilling operations are now moving on to the ELQ-1 exploration well location, in the Gharb Centre permit.