Sdx Energy Inc (UK) (GB:SDX) has released an update.
SDX Energy Inc has successfully completed drilling operations at the BMK-2 well in Morocco’s Rharb Basin, with promising signs of gas after reaching a depth of 1,265 meters. The well, which has been temporarily suspended, showed strong gas shows that were about 100 times the background levels. The company plans to sidetrack the well to further explore the target formation after mobilizing the necessary equipment.
For further insights into GB:SDX stock, check out TipRanks’ Stock Analysis page.