Tendrara: TE-7 Pre Stimulation Flow Rate

RNS Number : 0405O

Sound Energy PLC

02 November 2016

 

2 November 2016

Sound Energy plc

("Sound Energy" or the "Company")

Tendrara: TE-7 Pre Stimulation Flow Rate

Sound Energy, the European and African focused upstream gas company is pleased to provide the following update in relation to TE-7, the Company's second well at the Tendrara licence area, onshore Eastern Morocco.

As announced by the Company on 7 October 2016, the Company's second Tendrara well (TE-7) was drilled to a total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres.  The well has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section.

The Company has now completed TE-7  and perfomed an initial, unstimulated, open hole well test of the first 28% of the gross reservoir interval. After 24 hours of continuous flow with a 32/64 choke, a rate of 8.8 MMscf/d was achieved with strong pressure build up post test. The rate is significantly better than the Company's estimates.

The Company will now complete the planned mechanical stimulation and well test of the entire sub-horizonal section.  The post stimulation flow rate results are expected mid November 2016.  Thereafter the Company will initiate the planned Extended Well Test to confirm production sustainability and to aid comprehensive field development planning.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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]

The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist.MMscf/d means million standard cubic feet of gas per day.

 

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