SDX Energy PLC has encountered a net gas reservoir on prognosis in its LMS-2 well in Morocco, the company announced in a statement.
The well was drilled down to 1,190 meters and was bearing 10.6 meters of net gas reservoir at the base of the H9/Srafen formation, the company said.
CEO Mark Reid commented on the discoveries; saying, “We are encouraged with the initial results at LMS-2 in Morocco, however, we require this well to be perforated and tested before we can understand its potential.”
Early analysis of the thermogenic composition indicates that the LMS-2 gas is different from any other discoveries in the area, with a new and likely deeper source rock.