TIDMSOU

RNS Number : 4637E

Sound Energy PLC

18 July 2016

18 July 2016

Sound Energy plc

("Sound Energy" or the "Company")

Tendrara Update

Following the recent share price increase, Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to update the market on continued positive developments at the Company's Tendrara licence.

The Company continues with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announce that it has already achieved a very significant gas flow rate which is in the process of stabilising during the clean up process. The rate is already highly commercial and well above initial expectations. The Company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time.

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

For further information please contact:

 
 Vigo Communications -                      Tel: +44 (0)20 7830 
  PR Adviser                                               9700 
  Patrick d'Ancona 
  Chris McMahon 
  Alexandra Roper 
 Sound Energy                      j.parsons@soundenergyplc.com 
  James Parsons, Chief Executive 
  Officer 
 Smith & Williamson - Nominated             Tel: +44 (0)20 7131 
  Adviser                                                  4000 
  Azhic Basirov 
  David Jones 
  Ben Jeynes 
 Cantor Fitzgerald Europe                   Tel: +44 (0)20 7894 
  - Broker                                                 8896 
  Sarah Wharry 
  David Porter

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

MSCUWVRRNWABAAR

(END) Dow Jones Newswires

July 18, 2016 07:00 ET (11:00 GMT)

Sound Energy (LSE:SOU)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Sound Energy Charts.
Sound Energy (LSE:SOU)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Sound Energy Charts.