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SDX Energy announces new oil discovery in Egypt

Paul Welch, chief executive of SDX Energy Inc (LON:SDX, CVE:SDX), talks Proactive through their new oil discovery in Egypt, with the Rabul-2 well unearthing heavy crude in the West Gharib concession.

Rabul-2 hit some 101.5 feet of net oil pay across the Yusr and Bakr formations, and the company expects the well will be completed as a new producer connected to processing facilities at the Meseda field.

 

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