Sound Energy provides operations update

Sound Energy has provided the following update on certain of its Moroccan and Italian gas portfolio assets.

Badile, Italy

The Company has now been advised that the Conferenza dei Servizi (which is the central and final approval meeting for the Badile permission to drill) has been scheduled for 21 March 2016.

Nervesa, Italy

The Company advises that since achieving first gas on 3 February 2016, the Company has produced some 24.6 million ft³ of gas. On 11 March 2016 the Company completed planned static and dynamic profiles. These have identified an initial reduction in well pressure with an associated minor production of water, and suggests that not all perforated levels are yet in production. The Company has therefore decided to temporarily further constrain the flow rate from the well to approximately 0.4 million ft³/d. After a further period of production at these levels, the Company will complete a second static profile to confirm the level of pressure support.

Tendrara, Morocco

The Company has reported that civil works and camp construction on site are progressing well, that the rig has now arrived in Morocco and that the unloading of the equipment has started on site. The drill programme for the first Tendrara well is expected to commence in April 2016.

Edited from press release by Angharad Lock

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