In addition, the LNB-1 well on the Lalla Mimouna permit (SDX 75% working interest) in Morocco has been spud. LNB-1 is the eighth well in the Company's nine well campaign in Morocco, and the first of two remaining exploration commitment wells to be drilled on the permit in 2018. The well is anticipated to take between 15 - 20 days to drill and if successful it will be completed, flow tested and connected to existing infrastructure.
Paul Welch, President and CEO of SDX, commented:
We are very pleased to have reported a strong flow test result from our SAH-2 well in Morocco. This positive outcome underpins our guidance of gross production target of 8 - 10 million Sft3/d of conventional natural gas in Morocco by the end of 2018.
"The LNB-1 exploration well represents an excellent exploration opportunity for us in Morocco. Success in LNB-1 will open up a large section of new acreage for development in the Gharb Basin, potentially allowing us to expand our overall production footprint in Morocco. We look forward to updating our stakeholders on the result in due course.”
