SDX Energy announced that is discovered conventional natural gas bearing horizons during drilling at the SD-1X well at the South Disouq concession. The company says it reached its target depth in for the well. SDX Energy adds that “additional evaluation work is currently underway to provide an accurate recoverable volume estimate which will be the subject of a subsequent release.”
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…