Opinion

SDX Energy, Frontera Resources


SDX Energy

The company has announced an operational update this morning from both Egypt and Morocco.

In Egypt the company has signed a rig contract for the ST-6 r ig with the Sino-Tharwa Drilling company for its Ibn Yunus-1X exploration at South Disouq in Egypt. The agreement is for four firm wells and one contingent well and should be available to spud in mid-March. Expect the well to take around 30-40 days and it  is targeting the same Abu Madi conventional natural gas bearing intervals that were discovered in the SD-1X  well in April 2017. After this well the rig will move back to the SD-1X well discovery for two appraisal wells before moving to the Kelvin-1X exploration prospect.

As previously forecast the company has spudded the Rabul 5 development well on the West Gharib concession in Egypt and is targeting both the Bakr and Yusr oil bearing intervals found in the Rabul 1 and 2 wells. These operations should take approximately 30 days.

In Morocco drilling has been delayed at the company's KSS-2 development well due to a failure of the top drive unit on the rig. The unit is currently being repaired with drilling set to recommence later today. TD is expected within 7-10 days and with no extra rig charges costs shouldn't be ‘materially changed'.

With all systems go in Egypt and Morocco SDX shareholders can look forward to a news filled Spring and Summer and the shares look incredibly good value at this level.

Frontera Resources

Two additional pieces of news From FRR today, firstly they have found another institutional investor who has subscribed for £1.5m worth of shares at 0.452p which is very encouraging indeed, this provides more traction for the interesting operational activity going at present.

On that front the company announces that they have executed a service contract to provide pressure pumping equipment and services for stimulation of zones 9,14 and 15 in the Taribani wells each of the wells T-45, Dinosaur-2 and T39 and for the stimulation of zone F in the Mtsarekhevi gas complex well Ud-2. With the T-45 well progressing as planned things seem to be genuinely looking up for FRR and I look forward to my visit to the operations.


Visit source site

malcysblog.com/2018/02/sdx-energy-frontera-resourc...

SDX Energyfrontera resourcesMalcyMalcy'sMalcy's BlogEgyptMorocco

More items from malcy


Sound, Trinity, Amerisur

Sound Energy Sound has announced that its TE-9 well at Tendrara in Eastern Morocco will spud today. The first of a three well campaign it will test the A1 prospect and it is intended to drill both the TAGI as a primary target and also the underlying Paleozoic as a secondary and the well is expec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > Sound EnergyTrinity E&PTrinity Exploration & Production +5

Oil Price, Sound Energy, Podcasts, and Finally…

WTI $71.78 +44c, Brent $80.78 +35c, Diff -$9.00 -9c, NG $3.24 +8c Oil Price The oil price did end up on the day yesterday but at one stage looked like it was going to be nearer two bucks rather than the change that it turned out to be. With ‘KhashoggiGate' in full swing the worries about a fu ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > MalcyMalcysMalcy's Blog +3

Oil Price, Hurricane, Echo, Zenith, President, Columbus, and Finally…

WTI $71.34 +37c, Brent $80.43 +17c, Diff -$9.09 -20c, NG $3.16 -6c Oil Price I'm not sure that I can add much to what I have already opined on the oil price. It went up preparing for US sanctions on Iran but that was pretty much in the price when it peaked at around $85, Opec+had met but had ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > MalcyMalcysMalcy's +6

Oil Price, Frontera, RockRose, Touchstone, and Finally…

WTI $70.97 -$2.20, Brent $80.26 -$2.83, Diff -$9.29 -63c, NG $3.22 -6c Oil Price As expected oil came back to earth with a bit of a bump this week and if it hadn't been for a bit of a rally this morning may have been 5 bucks down on the week. Put into context though and things aren't that ...

Malcolm Graham-Wood - Malcy's Blog


Posted 9 days agoOpinion > oil pricefrontera resourcesRockRose Energy +5

Savannah Petroleum, Chariot Oil & Gas, DGO

Savannah Petroleum An update from Savannah this morning in which the company announces that it is extremely close to obtaining Ministerial Consent in relation to the approval of  the Seven Energy transaction. The company has submitted the the revised terms as announced on 20th September to the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 10 days agoOpinion > DGODiversified Gas & OilSavannah Petroleum +5
All posts from malcy