SDX expands presence in MoroccoCreated: Thursday, 07 February 2019 11:40The company has a commitment to acquire 50 km2 of 3D seismic and drill one exploration well within the first three-year period. SDX aims to reprocess 150 kilometres of 2D seismic data, acquire 100 km2 of new 3D seismic and drill one exploration well within the first three-and-a-half-year period. SDX has also been re-awarded the Lalla Mimouna Sud licence (SDX 75 per cent working interest and operator), which covers an area of 857 km2, for a period of eight years. The company has a commitment to acquire 50 km2 of 3D seismic and drill one exploration well within the first three-year period. Paul Welch, president and CEO of SDX Energy, commented, “We are very pleased to be expanding our acreage in Morocco, which we see as a key growth region for SDX going forward.
Source: The North Africa Journal February 07, 2019 11:37 UTC