RNS Number : 3708T
Sound Energy PLC
05 January 2017

5 January 2017


Sound Energy plc

("Sound Energy" or the "Company")


Badile Update and Rig Mobilisation


Sound Energy, the African and European focused upstream gas company, is pleased to confirm that:


·        Ground works at the well site are now complete.


·        The conductor pipe was set last week.


·        The 3000 HP EMSCO C3 rig, owned by Pergemine S.p.A, has been mobilised.


The mobilization and rig-up operations are expected to be completed by the end of February 2017, enabling drilling to commence during March.


The Badile exploration well is planned to be drilled to a total depth of 4,600m to test the hydrocarbon potential of the Lower Jurassic Conchodon Dolomite with an independently assessed 100% unrisked best case estimate of 178 Bscfe, an upside high case in excess of 670 Bscfe and low case of 46 Bscfe.




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. The Company's internal estimates are made in accordance with SPE standards.


Bscfe means billion standard cubic feet of gas equivalent; low,best and high case estimates refer to finding given volumes consistent with SPE (The Society of Petroleum Engineers) guidelines on Prospective Resources.


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