2 June 2016
Sound Energy plc
("Sound Energy" or the "Company")
Tendrara: Completion of Drilling
Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that the first Tendrara well has now been drilled to total depth ("TD") at a measured vertical depth ("MVD") of 2,665 metres. The 4 1/2" tubing is now being set in preparation for testing the well.
The Company has identified the TAGI reservoir starting at a depth of 2,535 metres MVD, some 12 metres structurally higher than that identified in the previous TE5 well. The Company therefore believes it has successfully drilled the top of the structure, confirming the geological depositional continuity of the TAGI sandstones within the area.
The Company identified significant gas shows whilst drilling the reservoir and the full set of acquired logs will be now processed. The Company confirms that a total gross pay of 89 metres has been identified.
The rig will now de-mobilise from the TE6 location and move to the already prepared TE7 site on stand-by. Immediately after de-mobilisation, the Company will proceed with the planned rigless operations to mechanically stimulate the reservoir followed by a well test.
For further information please contact:
Vigo Communications - PR Adviser
Tel: 44 (0)20 7830 9700
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Cantor Fitzgerald Europe - Broker
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.