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Sound Energy provides Tendrara update

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Oilfield Technology,

Sound Energy has provided the following update in relation to the company's Tendrara licence area, onshore Morocco.

As announced by the company on 6 June 2016, the first Tendrara well (TE-6) was drilled to a measured vertical depth of 2665 m and encountered approximately 28 m of net gas pay in the TAGI reservoir.

The company confirms that rigless operations continue and that the results are already significantly above company expectations as a significant stable flow has already been achieved, despite only having accessed so far 18% of the total reservoir and no stimulation having yet been performed.

After completing the initial perforation of 5 m of the 28 m of net pay (between 2601 and 2606 m) the well achieved a stable flow rate of 1.36 million ft3 with a choke of 16/64 in.

The company will now complete the remainder of the rigless operation, after which the results will be announced. The results are expected later this month.

James Parsons, Sound Energy's Chief Executive Officer, commented:

"I am absolutely delighted to report what appears to be an early and potentially very material success at the first of our three Strategic Plays.We eagerly await the post stimulation flow rate but I believe the early results of this first well already both prove a material commercial rate at Tendrara and provide significant early clues as to the regional potential of the Eastern Morocco TAGI reservoir."

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

Adapted from a press release by Louise Mulhall

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