Tendrara: Completion of Drilling

RNS Number : 9597Z
Sound Energy PLC
02 June 2016
 

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

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer 

@soundenergyplc

www.soundenergyplc.com

 

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

 

The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist.

 


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

Companies

Sound Energy (SOU)
UK 100