To: Goose94 who wrote (27392 ) 3/21/2017 7:39:22 AM From: Goose94 Read Replies (2) | Respond to SDX Energy (SDX-V) after spudding a long-awaited exploration well at its 55-per-cent-held South Disouq block. The spudding must come as a particular thrill to president and CEO Paul Welch, who has been tirelessly promoting South Disouq for nearly four years. As far back as May, 2013, Mr. Welch declared that South Disouq would help "underpin the next step in our growth process." He then spent 2014 and 2015 filled with breathless speculation about the "transformational" potential of South Disouq. This was particularly the case after August, 2014, when SDX farmed out 45 per cent of the block to IPR Energy, which is carrying SDX for the first exploration well. Investors had hoped to see this well drilled in 2015 or 2016, but they have had to be patient, and Mr. Welch has had to keep expanding his list of adjectives to describe South Disouq's "fantastic," "exciting" and even "company-making" potential. Now, at long last, the well has been spudded. Mr. Welch declared himself "extremely pleased" with the news. That is uncharacteristically understated for him; perhaps he is resting his promotional muscles for when the results start to come in. Drilling is expected to take 30 to 45 days.
