Tendrara: TE-8 - Completion of Drilling

RNS Number : 2601A

Sound Energy PLC

23 March 2017

 

23 March 2017

Sound Energy plc

("Sound Energy" or the "Company")

Tendrara: TE-8 - Completion of Drilling

Sound Energy, the African and European focused upstream gas company, is pleased to announce that TE-8, the third well at the Company's Tendrara licence (onshore Morocco), has now been drilled to a final target depth at a measured depth ("MD") of 3,120 metres, corresponding to a vertical depth of 3,066 metres, some 359 metres into the Paleozoic formation.

As previously announced by the Company on 15 March 2017, drilling operations had earlier confirmed the presence of a TAGI sand sequence commencing at an MD of 2,643 metres and that gas shows had been observed.

The Company confirms that it has observed further gas shows during subsequent drilling operations, but cautions that logging has not yet occurred and that gas shows, although a positive initial indication, should not be considered conclusive without further wireline logging and analysis 

The Company will now progress with a full data acquisition program of 5 wireline logging runs including the pressure and fluids sampling acquisition, after which the results of the well will be announced.

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]
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White	Tel: [phone]

The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.

 

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