SDX makes a play opening discovery in Morocco – Lalla Mimouna

SDX has made a gas discovery in Morocco at the LNB-1 well on its Lalla Mimouna licence. The well successfully drilled into two targets: Lafkerena (deeper) Upper Dlalha (shallower) The well is being completed as a producer in the Upper Dlalha and the deeper Lafkerena is being suspended until the appropriate equipment can be mobilised. The Lafkerena target is significantly larger than previously encountered on the nearby Sebou licence. Management...

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Kosmos London listing at risk as company and advisors face potential legal action

Kosmos' secondary listing is at risk as the Saharawi government had strongly condemned the company's move to list on the LSE. The Sahrawi government has threatened the company's licences in the region as well as legal action against Kosmos and its advisors. The listing would set a precedent for legal proceedings regarding companies operating in the disputed region which could drag out for years to come. The press release by the Saharwi government is below. -------------------------------------- Media release – Communiqué For immediate release Saharawi...

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More innovative investment from Schlumberger for Sound Energy

Sound and Schlumberger have agreed to extend their partnership under the existing Field Management Agreement. In an era where more innovative financing arrangements are being seen, Schlumberger will be granted 27.5% interest in the Meridja and Tendrara Relinquished Areas in exchange for providing services. Schlumberger will carry out the upcoming geophysical programme which will include: 2,600km of new 2D seismic covering the Paleozoic across...

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