LNG

Jan 24 (LNGJ) - SDX Energy Inc., the oil and gas company focused on North Africa and whose shares are listed in London and Toronto, said it made another natural gas discovery at its Onz-7 development well on the Sebou permit in Morocco. The latest Moroccan gas find is relatively small in scale and the country is still planning to import LNG to supplement its growing energy needs. The Onz-7 well was drilled to a total depth of 1,167 metres with 5 metres of net conventional natural gas pay. “The well came in on prognosis but reservoir quality exceeded initial expectations,” said SDX. The well will now be completed, tested and connected to existing infrastructure. “We are very excited to be able to announce another discovery, the fourth from five wells drilled to date in our nine well Moroccan campaign,” said Paul Welch, Chief Executive of SDX.

SDX Energy, the UK-listed exploration and production company, has made a second natural gas discovery in Morocco as its operations “build real momentum” in the North African kingdom that is a net importer of energy and is preparing to join the ranks of global LNG importers.