SDX Energy plc Announces Unaudited Production Results for the First Quarter Ended March 31, 2020; Provides Production Guidance for the Year 2020
May 20, 2020 at 02:00 am EDT
SDX Energy plc announced unaudited production results for the first quarter ended March 31, 2020. First quarter 2020 entitlement production of 8,061 boe/d is 117% higher than first quarter 2019 and is at, or exceeding, 2020 guidance. Strong production levels were driven by South Disouq, which performed ahead of expectations - gross production of 51.4 MMscf/d of dry gas and 511 bbl/d of condensate equating to 4,994 boe/d net to SDX.
The company also provided production guidance for the year 2020. 2020 production guidance of 6,750 boe/d - 7,000 boe/d is 66% to 72% higher than 2019 actual production.