Nervesa Update

RNS Number : 2642Y
Sound Energy PLC
16 May 2016
 

16 May 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

 

Nervesa Update

 

 

Sound Energy, the European/Mediterranean focused upstream gas company, provides an update on the Nervesa discovery, onshore Italy. The Company has now completed the second static profile referred to in its 14 March 2016 announcement. This static profile has confirmed a continued reduction in reservoir pressure which suggests that not all completed reservoir levels are in production. As a result, the Company intends, subject to UNMIG consent, to shut-in the well early next month and to plan for a remedial re-perforation of selected layers of the reservoir in due course.

 

The Company will also evaluate the possibility of a potential updip sidetrack of the well.

 

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

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: +44 (0)20 7894 8896

 

 


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