SDX Energy reports oil discovery in Egypt's West Gharib Concession

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt. SDX holds a 50% working interest and is joint operator.

The well was drilled to a TD of 5,250 ft and encountered approximately 43 ft of net heavy oil pay across the Yusr and Bakr formations, with an average porosity of 16%. Further evaluation of the discovery is ongoing, after which the Company expects the well to be completed as a producer and connected to the central processing facilities at Meseda.

Following completion of the Rabul 4 well, the Company will move on to Meseda field, where it will drill two development wells.