North Africa focused oil and gas company, SDX Energy Inc, has made a conventional natural gas discovery at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco.
LMS-1 was drilled to a total depth of 3,799 feet and encountered 54 feet of net conventional gas pay sands. The well is now being completed as a conventional natural gas producer and will be perforated and tested approximately 30 days after the drilling rig has left the site.
“We are very pleased with the results of this exploration well as it has significantly exceeded our pre-drill estimates for both reservoir quality and pay sand thickness,” Paul Welch, president and CEO of SDX, said in a company statement.
“Once the rig has departed the location we will conduct an extensive test of this well. Given the deeper source rock, the heavier gas elements and fluorescence seen in the cuttings we are anticipating production of condensate during the test which could add some significant value to the production established in this area,” he added.
The latest discovery on Lalla Mimouna follows SDX’s previous conventional natural gas find on the permit, which was announced on April 20. This discovery was made at the company’s LNB-1 well, which was drilled to a total depth of 6,105 feet and encountered 984 feet of gas bearing horizons.
In a brief research note sent to Rigzone, oil and gas analysts at Cantor Fitzgerald Europe said they were “greatly encouraged” by the two discoveries at Lalla Mimouna, which have “opened up two new plays in the Lafkarena and H-9 intervals”.
“These have the potential to add significant future upside beyond that previously anticipated at Lalla Mimouna and could ultimately be transformational in terms of the potential from the permit,” the analysts said.