RNS Number : 0803O
Sound Energy PLC
04 February 2016
 

4 February 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Nervesa First Gas

Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that it has achieved first commercial production at the operated onshore Nervesa gas discovery on 3 February 2016.  The Nervesa discovery was drilled successfully by the Company in 2013 and benefits from a gas sales agreement with the Shell Group. 

A further announcement confirming production rates will be made in due course, after the initial clean-up phase is completed and the stable flow rate has been assessed.  

The Company's webcam will now depart Italy for Morocco, where the Company is approaching its first well at the Tendrara licence.

James Parsons, the Company's Chief Executive, commented:

"First gas at Nervesa is a landmark event for the Company, providing energy to a robust domestic market and further underpining our broader Mediteranean expansion."

 

For further information please contact:

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: 44 (0)20 7016 9573

Sound Energy

James Parsons, Chief Executive Officer 

 

j.parsons@soundenergyplc.com

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: 44 (0)20 7131 4000

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: 44 (0)20 7894 8896

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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