RNS Number : 9045R
Sound Energy PLC
14 March 2016

14 March 2016


Sound Energy plc

("Sound Energy" or the "Company")


Operations Update


Sound Energy, the European/Mediterranean focused upstream gas company, provides the following update on certain of its Moroccan and Italian gas portfolio assets.


Badile, Italy

The Company has now been advised that the "Conferenza dei Servizi" (which is the central and final approval meeting for the Badile permission to drill) has been scheduled for 21 March 2016. This "Conferenza dei Servizi" follows an initial meeting held on 3 February 2016 and the final permission to drill the Badile exploration well is expected to be granted after this meeting.


Nervesa, Italy

The Company advises that since achieving first gas on 3 February 2016, the Company has produced some 24.6 MMscf of gas (at an average production rate, constrained by the Company, of 0.7 MMscf/d).  On 11 March 2016 the Company completed planned static and dynamic profiles, which have identified an initial reduction in well pressure with an associated minor production of water, and suggests that not all perforated levels are yet in production.  The Company has therefore decided to temporarily further constrain the flow rate from the well to approximately 0.4 MMscf/d.  After a further period of production at these levels, the Company will complete a second static profile to confirm the level of pressure support.  The Company may then consider re-perforating select layers of the reservoir or installing a velocity string to facilitate the load up of the minor amount of liquid being produced. 


Tendrara, Morocco

The Company is pleased to announce that civil works and camp construction on site are progressing well, that the rig has now (as scheduled) arrived in Morocco and that the unloading of the equipment has started on site.   The 40 day drill programme for the first Tendrara well is expected to commence in April 2016.


For further information please contact:

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper


Tel: 44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer




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


The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist.  MMscf means million standard cubic feet of gas and MMscf/d means million standard cubic feet of gas per day.

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