MENA-focused energy company SDX Energy Plc announces the spudding of the SD-12 East appraisal well (SDX WI 75%) to explore additional reserves east of the SD-12X discovery well in the Ibn Yunus North development lease.

SD-12 East began spudding on 16 April 2022 and is expected to reach TD within three weeks. In both the Ibn Yunus and Sobhi reservoirs, the main target is the base Kafr El Sheikh Sand at around 6,480 feet TVDSS. The well targets an estimated gross unrisked P50 EUR of 7 billion cubic feet (bcf) and has an 80% success rate. It is expected that SD-12 East will be on production by mid-July 2022 if SD-12 East is successful in its connection to the CPF through the existing SD-12X flow-line.

D-12 East is the second of three wells to be drilled in the South Disouq area during 2022. The third well in the campaign will be the MA-1X well (Mohsen) targeting an estimated gross unrisked P50 EUR of 21 Bcf. The Mohsen well is planned to spud mid-to-late May.

Mark Reid, CEO of SDX, commented: “I am pleased to announce the spudding of SD-12 East, the second well in the South Disouq drilling campaign. This campaign is further exploring the potential in the South Disouq area and, with the recent success of the SD-5X discovery well, it has already enabled us to plan for an increase in our production guidance in the coming months. So far in 2022, SDX has had three discoveries from three wells drilled and I look forward to updating the market further as our very busy drilling campaign progresses throughout the year.”