SDX Energy said a well in Morocco had discovered gas and would likely go into production next month.
The KSR-15 well, of which SDX has a 75% working interest, encountered 17.2 meters of net conventional natural gas reservoir section across four intervals.
The primary target, the Hoot sand, had an average porosity of 29%.
"The quality of the Hoot exceeded our pre-drill estimates and, once the drilling rig has left the location, the company expects that the well will be connected to the existing infrastructure and on production in early December," SDX said.
At 10:08am: (LON:SDX) SDX Energy Inc. share price was +1.5p at 55p