SDX Energy makes new gas discovery at Egypt’s South Disouq

SDX Energy has discovered 24 bcf of natural gas at the Sobhi well in its South Disouq concession, the energy company said yesterday. The discovery opens a "low-cost, highly-cash generative" field expansion for South Disouq, CEO Mark Reid said. He added that the company will need another development well to access the new resource, which may not be possible for another 2-3 years.