Opinion

SDX Energy, Pantheon Resources


SDX Energy

Heading home and have spotted the announcement from SDX which details a gas discovery at the SAH-2 well on the Sebou permit in Morocco. This makes a success rate of 5/7 and here the company found 5.2m of net conventional natural gas pay across two zones in the Guebbas and Hoot formations with a porosity of 33%. The well came in on prognosis but the reservoir thickness was above pre-drill expectations. The well benefited by being the first time that the company has used downhole directional tools and it penetrated two targets with a single well bore. I hope to add to that after speaking to Paul Welch on my return.

Following my trip to Morocco I certainly came away even more positive about SDX if that was possible and this news is very encouraging in terms of the plan to increase production to 8-10 MMscf/d by the end of this year. With costs extremely low and gas prices increasing towards $10 and then $12 the outlook for the company is extremely bright as they move to Lalla Mamouna for two exploration wells.

Pantheon Resources

In the lounge and running out of time I have just seen the PANR announcement. I will cover in much more detail on Monday when I have spoken to Jay but I am highly encouraged by the news. Clearly there are some mixed messages but at the 5 well it looks very promising and they appear to be getting to the bottom of the seemingly endless operational problems at VIBM#1. Over at the 4 well the sidetrack has been non-commercial but they may re-enter with a horizontal lateral. News that two separate US groups have approached them to explore possibilities in the Wilcox is very promising indeed. More on Monday when I return home and speak to Jay….


Visit source site

malcysblog.com/2018/03/sdx-energy-pantheon-resourc...

MalcyMalcy'sMalcy's BlogSDX EnergyPantheon ResourcesMoroccoPermitPANR

More items from malcy


Oil Price, Amerisur, Coro, Range, Aminex, Jadestone, and Finally…

WTI $52.61 +$1.12, Brent $61.67 +$1.61, Diff -$9.06 +49c, NG $4.49 +16c Oil Price Well it was at least a deal and one that markets liked, just about. Closing prices were well off the top showing that even 1.2m b/d off the market is no guaranty of returning to recent price levels. It looks lik ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > MalcyMalcysMalcy's +7

Oil Price, President, Sound, Ophir, Premier, Tower and Finally…

WTI $51.49 -$1.40, Brent $60.06 -$1.50, Diff $8.57 -10c, NG $4.33 -14c Oil Price Markets don't like uncertainly and that is what they are getting at the moment. Opec met yesterday and unusually didn't have an agreement ready to go partly as they couldn't agree exactly what to say. Today Opec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > MalcyMalcysMalcy's +7

Oil Price, Rose Petroleum, and Finally…

WTI $52.89 -36c, Brent $61.56 -52c, Diff -$8.67 -16c, NG $4.47 +1c Oil Price The day of the Opec+ meeting has arrived with seemingly little consensus but for a general agreement that production cuts are necessary. I suspect that this will be one of those meeting outcomes that will be some sor ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > oil priceRose PetroleumMalcy +3

Faroe, Eco Atlantic, Infrastrata

Faroe Petroleum Faroe has announced a Norwegian asset swap with Equinor, it trades out of all interests in the Njord and Hyme redevelopments and the Bauge development assets in return for four production assets on the Norwegian continental shelf being Alve, Marulk, Ringhorne East and Vilge. The ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > Faroe PetroleumFaroeEco Atlantic +6

Oil Price, Reabold, DGO, Lekoil, and Finally…

WTI $50.93 -52c, Brent $58.71 -80c, Diff -$7.78 -28c, NG $4.61 -3c Oil Price Friday was listless, no news had started to come out of G20 so no positions were taken as a result. All is different this morning though as risk is being taken off in most markets. This is for two reasons, firstly th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > oil priceReabold ResourcesDGO +6
All posts from malcy