We look forward to continuing with the latest drilling technology with this Rabul 5 oil finder, “said Paul Welch, CEO of SDX
SDX Energy Inc. (LON: SDX, CVE: SDX) is the discovery of a new oil fountain shot at Rabul 5 west of the Gharib Conservation in Egypt where the source will be completed.
Rabul Oil discovery
The Rabul 5 source is drilled to a depth of 5,280 feet and feels heavy oil prices of around 151 meters, contrary to the formation of Yusri and Bakri. The mean humidity is reported at 18%.
Upon completion of the hole, the SDX continues to drill Rabul 4 holes, further assessing the oil field.
“We are excited to continue the recent drilling success by looking for this Rabul 5 oil,” said Paul Welch, CEO of SDX.
“This is the most common platinum in the Rabi region so far, indicating the huge oil potential for the license.
“In the coming months, we plan drilling operations for the franchise and we are confident that this will allow us to increase production licenses and implement an ambitious production plan by 2018.”