SDX Energy receives EGAS approval to extend South Disouq concession agreement

SDX Energy has received approval from state-owned EGAS to extend its South Disouq concession agreement for another two years, Al Mal reports. The company requested the extension following promising results from recent discoveries in the area and is planning to drill two new wells to tap into 165 bcf of natural gas. SDX still needs the go-ahead from the House of Representatives and the Oil Ministry to confirm the extension.