In May 2020, SDX Energy (SDX) confirmed the opening of a farm-out process of up to 19.9% of the company's equity in the South Disouq concession, Nile Delta Basin. The concession, which was awarded to the company in April 2013 includes three acreages:  -Â Â Â Â Â Â Â Â Â  S. Disouq Onshore    -Â Â Â Â Â Â Â Â Â  South Disouq Onshore (Dev) and  -Â Â Â Â Â Â Â Â Â  South Disouq Onshore - Ibn Yunus (Dev).Â   S. Disouq Onshore is a 796-sq-km exploration acreage in which SDX drilled two wildcats in Q1 2020. Sobhi 1 found 24 Bscf of recoverable gas in the Pliocene Kafr El Sheikh Formation and Salah 1 tested two sub-commercial gas-bearing intervals in the Kafr El Sheikh and Abu-Madi formations. SDX is looking to drill a third exploration well - Young 1 - in the acreage, which is expected to have a larger potential but lower chance of success.    The South Disouq Onshore (Dev) and South Disouq Onshore - Ibn Yunus (Dev) blocks are two development acreages that were carved out of the S. Disouq Onshore exploration block in 2019. South Disouq Onshore (Dev) includes the South Disouq field discovered in May 2017, and South Disouq Onshore - Ibn Yunus (Dev) includes the Ibn Yunus field found April 2018. Both fields were brought on-stream in mid-2019 and reached a combined stabilized plateau production of 50 MMscf/d with a total of 4 producing wells in December 2019. All gas production is sold to the Egyptian national gas company, EGAS, at a fixed price of USD 2.85 / Mscf, with the Government of Egypt's entitlement share of gross production equating to approximately 51%.  SDX operates the S. Disouq Onshore exploration block (with 55% stake) with IPR Energy Resources (45%). The South Disouq Onshore (Dev) and South Disouq Onshore - Ibn Yunus (Dev) development blocks are operated through a JV between EGPC (50%), SDX Energy Inc (27.5%) and IPR Energy Resources (22.5%).
Egypt (Nile Delta B.) S. Disouq Onshore op. by SDX ENERGY (55%), IPR (45%), SDX has launced a farmout process for up to 19.9% of its equity in the 3-part South Disouq block, Nile Delta Basin (S. Disouq Onshore, 796 sq km, and S. Disouq Onshore (Dev) + S. Disouq Onshore - Ibn Yunus (Dev) carve-outs). 