Badile: Drilling Commences

RNS Number : 7889Y

Sound Energy PLC

08 March 2017

 

8 March 2017

Sound Energy plc

("Sound Energy" or the "Company")

Badile: Drilling Commences

Sound Energy, the African and European focused upstream gas company, is pleased to confirm that drilling of the Badile exploration well, onshore Italy, commenced on 7 March 2017.

The Badile well site is located in Northern Italy, some 15 kilometres to the south of Milan and the exploration well will test the hydrocarbon potential of the Conchodon Dolomite reservoir of Lower Jurassic-Triassic age.

The well is planned to be drilled and logged to a total depth of 4,445m (4,378m total vertical depth) with drilling and logging expected to take approximately 100 days.  Assuming gas is encountered, a further 25 days will be required for the completion and testing phase. 

The Company looks forward to updating shareholders on achievement of each of the four casing points, being:  an 18 5/8" casing at a measured depth ("MD") of approximately 500m, a 16" casing at an MD of approximately 1,400m, a 13 3/8" casing at an MD of approximately 2,600m and a 9 5/8" casing at an MD of approximately 3,513m, and at the last open hole section to the total depth of 4,445m.

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper	Tel: [phone]
Sound Energy James Parsons, Chief Executive Officer	[e-mail]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: [phone]
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White	Tel: [phone]

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

 

END

 

 

DRLOKODQABKDBNK