Demobilisation of Rig for Work Over Operations

Sound Energy PLC

25 June 2024

 

25^th  June 2024

Sound Energy plc

("Sound Energy", the "Company" and together with its subsidiary undertakings the "Group")

Demobilisation of Rig for Work Over Operations at Tendrara

Sound Energy, the transition energy company, is pleased to announce the release and demobilisation of the Star Valley Rig 101 having conducted planned work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro LNG plant currently under construction at site by Italfluid Geoenergy S.r.l.  The works were completed safely with no recordable incidents.  The Company thanks the dedication and professionalism of our contractors and suppliers, and the Office National des Hydrocarbures et des Mines ("ONHYM") for their ongoing partnership and support.

The Company has successfully pulled the existing completion tubing in both TE-6 and TE-7 and run new corrosion resistant completion tubing into TE-6 which is now available to supply gas to commission the micro LNG plant which construction is anticipated to be completed later this year.  The rig is currently stacked at the TE-7 site, at no on-going cost to the Company, whilst the Company awaits additional wellhead equipment to complete the running of the new completion tubing into TE-7.

Further announcements will be made, as appropriate, in due course.

For further information visit www.soundenergyplc.com follow on X @soundenergyplc, LinkedIn, or contact:

Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Alison Allfrey	Tel: [phone] [e-mail]
Sound Energy Graham Lyon, Executive Chairman	[e-mail]
Cavendish Capital Markets - Nominated Adviser Ben Jeynes  Peter Lynch	Tel: [phone]
Zeus - Broker	Tel: [phone]
Simon Johnson
Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft	Tel: [phone]

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