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SDX Withdraws from Manatee Exploration Project
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SDX Energy Inc. reported an update on its activities on the Manatee-1X exploration well in Bakassi West, Cameroon.
Further to the announcement on March 28 regarding the completion of drilling activities on the Manatee-1X well, located in shallow water in the Rio Del Rey Basin, offshore Cameroon , SDX announces withdrawal from the concession.
The Company held a 35% working interest (38.89% paying interest) in the concession, which was operated by Dana Petroleum.
The Operator requested a one-year extension to complete analysis of the results of the well, which intersected 26 metres of gas bearing section of varying quality throughout the wellbore. Wellbore conditions did not allow the acquisition of a full suite of logging tools in the deeper sections of the hole and made the analysis of…
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