REG - SDX Energy PLC - KSIRI-21 WELL UPDATE

SDX EnergyAnnouncement

28/09/2023 07:00

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RNS Number : 9134N  SDX Energy PLC  28 September 2023

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

28 September 2023

 

KSIRI-21 WELL UPDATE

 

 

SDX Energy plc ("SDX" or the "Company") is pleased to announce that the KSR-21
well has reached its total vertical depth of 1,955 metres (1,966 metres
measured depth) targeting a prospect within the Hoot formation, which is one
of the main producing formations in the area. Drilling and wireline logging
data confirm the presence of gas charged sands within the targeted reservoir
section.

 

The drilling rig will now be moved off location and the reservoir interval
perforated to undergo a short testing period before being brought onto
production to supply existing gas offtakers.

 

 

For further information:

 

 SDX Energy Plc

 Daniel Gould, Managing Director

 William McAvock, Chief Financial Officer

 Tel: +44 (0) 20 3219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Iain Sexton

 Tel: +44 (0) 20 7408 4090

 InHouseIR (Investor and Media Relations)

 Sarah Dees/Oliver Clark

 Email: sdx@inhouseir.com (mailto:sdx@inhouseir.com)

 Tel: +44 (0) 78 8165 0813 / +44 (0) 20 3239 1669

 Camarco (PR)

 Billy Clegg/Owen Roberts/Violet Wilson

 Tel: +44 (0) 20 3757 4980

 

 

 

Competent Persons Statement

In accordance with the AIM Rules for Companies, the technical information
contained in this announcement has been reviewed and approved by Mr. Aaron
LeBlanc, Head of Operations at SDX Energy Plc. Mr. LeBlanc is a qualified
person as defined in the London Stock Exchange's Guidance Note for Mining and
Oil and Gas Companies and has the necessary professional and technical
competencies to conduct and review petroleum operations. Mr. LeBlanc has a
Bachelor of Science Degree in Geology from the University of Calgary and is a
professional member of the AAPG. Mr. LeBlanc has 21 years of oil and gas
industry technical, operational and leadership experience.

 

About SDX

For further information, please see the Company's website at
www.sdxenergygroup.com (http://www.sdxenergygroup.com/) or the Company's filed
documents at www.sedar.com (http://www.sedar.com/) .

 

Forward-looking information

Certain statements contained in this press release may constitute
"forward-looking information" as such term is used in applicable Canadian
securities laws. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or are not statements of historical fact should
be viewed as forward-looking information. In particular, statements regarding
future drilling developments at KSR-21 should be regarded as forward-looking
information.

 

 

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