SDX Energy Plc announced the spudding of the MSD-23 infill development well on 24 June 2022 at the Meseda Field, West Gharib concession, Egypt (SDX WI: 50%). MSD-23 is targeting the primary Asl Formation reservoir at around 4,000 feet MD (3,200ft TVDSS). MSD-23 is the fifth well in a fully funded, 13-well development campaign on the Meseda and Rabul oil fields in the West Gharib concession.

The fourth well of the campaign, MSD-24 (TD, 5 June 2022), has been connected to facilities and is currently producing at a gross rate of around 300 bbl/d which is in line with pre-drill estimates. Operations at the third well, MSD-20, continue. The development drilling campaign is aimed at growing production to c.3,500 - 4,000 bbl/d by mid-2023.