RNS Number : 2601A
Sound Energy PLC
23 March 2017
 

23 March 2017

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Tendrara: TE-8 - Completion of Drilling

 

Sound Energy, the African and European focused upstream gas company, is pleased to announce that TE-8, the third well at the Company's Tendrara licence (onshore Morocco), has now been drilled to a final target depth at a measured depth ("MD") of 3,120 metres, corresponding to a vertical depth of 3,066 metres, some 359 metres into the Paleozoic formation.

 

As previously announced by the Company on 15 March 2017, drilling operations had earlier confirmed the presence of a TAGI sand sequence commencing at an MD of 2,643 metres and that gas shows had been observed.

 

The Company confirms that it has observed further gas shows during subsequent drilling operations, but cautions that logging has not yet occurred and that gas shows, although a positive initial indication, should not be considered conclusive without further wireline logging and analysis 

 

The Company will now progress with a full data acquisition program of 5 wireline logging runs including the pressure and fluids sampling acquisition, after which the results of the well will be announced.

 

 

 

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 

 

j.parsons@soundenergyplc.com

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes  

 

Tel: 44 (0)20 7131 4000

RBC Capital Markets - Broker

Matthew Coakes

Martin Copeland

Laura White

 

Tel: 44 (0)20 7653 4000

The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.


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