- SDX Energy said a well in Morocco had encountered commercial quantities of gas in excess of pre-drill estimates.

The company estimated that 1.3bn-to-1.9bn cubic feet of gas was recoverable from the horizons of the OYF-2 well, which was drilled to a depth of 1,210 meters.

The discovery would be tied into SDX's infrastructure when required, at an estimated cost of around $2m.

At 9:53am: [LON:SDX] SDX Energy Inc. share price was +0.25p at 26.25p

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