SDX Energy made a new oil discovery in Egypt, with its Rabul-2 well unearthing heavy crude in the West Gharib concession, the company announced on Thursday (pdf). "This was our final commitment well in the West Gharib concession and we are encouraged by the result, which reaffirms our view of the area’s significant development potential,” CEO Paul Welch said. This is the latest in a string of good news for the company, which announced in July that reserves in the first phase of its South Disouq concession could reach 180 bcf of gas.

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