Nervesa First Gas

RNS Number : 0803O

Sound Energy PLC

04 February 2016

 

4 February 2016

Sound Energy plc

("Sound Energy" or the "Company")

Nervesa First Gas

Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that it has achieved first commercial production at the operated onshore Nervesa gas discovery on 3 February 2016.  The Nervesa discovery was drilled successfully by the Company in 2013 and benefits from a gas sales agreement with the Shell Group. 

A further announcement confirming production rates will be made in due course, after the initial clean-up phase is completed and the stable flow rate has been assessed.  

The Company's webcam will now depart Italy for Morocco, where the Company is approaching its first well at the Tendrara licence.

James Parsons, the Company's Chief Executive, commented:

"First gas at Nervesa is a landmark event for the Company, providing energy to a robust domestic market and further underpining our broader Mediteranean expansion."

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]
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter	Tel: [phone]

 

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