|
SDX Energy PLC - London-based energy company with exploration, development and production assets in Egypt and Morocco - Completes drilling operations on the BMK-2 well, located in the Rharb Basin, Morocco. ‘At 1,265 metres in the Guebbas formation, the well encountered a 9-metre interval, believed to be equivalent to the well’s primary target, with strong gas shows up to approximately 100 times background gas readings. The well was drilled to its total depth of 1,412 metres, and has been left temporarily suspended with a plug set to allow the well to be sidetracked, to the target formation at 1,265 metres, once the required equipment has been mobilised,’ says SDX. Current stock price: 3.65 pence 12-month change: down 23% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
