StockMarketWire.com - SDX Energy said it expected to bring a new well in Egypt into production at the end of 2018 following successful flow-testing results.

The Ibn Yunus 1X well encountered around 101 feet of net conventional natural gas pay with an average porosity in the pay section of 28.5%.

Well test operations showed it successfully flowed natural gas at a stabilised rate of 39.3m standard cubic feet per day on a 32/64" choke.

'This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well,' SDX said.

'The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken.'

'Working with its partners, SDX will now aim to bring the discovery into commercial production prior to year end 2018.'




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