StockMarketWire.com - SDX Energy said it had kicked off a 12-well drilling campaign at its operated Gharb Basin acreage in Morocco.

The campaign would target a mean 15bn cubic feet of gross unrisked prospective resources.

The first seven wells were lower-risk appraisal wells targeting prospects close to existing infrastructure.

'These wells can be tied in quickly, at low cost, and are similar in geological risk to the discoveries already made and producing in this area,' SDX Energy said.

They would be followed by two step-out exploration wells further to the north in Gharb Centre and outside the reach of the company's existing infrastructure.

The last three wells of the campaign were expected to be higher-risk exploration wells in the Lalla Mimouna Nord concession, targeting larger prospects in deeper, as yet unproven, horizons.




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