London-listed SDX Energy saw output from its key South Disouq concession in Egypt’s Nile Delta fall to 45mn cfd for Q1 from 52mn cfd a year earlier due to natural decline and increased sand and water cut. SDX is looking for a boost from the “transformational” Hanut-1X exploration well, targeting a modest 139bcf (P50) and set to spud by end-May.
The firm’s other Egypt concession is 3,000 b/d West Gharib on the Gulf of Suez where in March it secured a 10-year extension with improved terms that it says will lead to increased investment (MEES, 12 March). (CONTINUED - 181 WORDS)