SDX Energy announced yesterday (pdf) concluding a successful production test on the SD-4X appraisal well at its South Disouq concession. “We intend to connect this well to infrastructure located adjacent to our SD1X discovery over the coming months,” CEO Paul Welch said. The company expects to begin production in 4Q2018.
More from Enterprise
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…