Sound Energy PLC Tendrara: TE-7 Drilling Commences (1910I)
August 26 2016 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 1910I
Sound Energy PLC
26 August 2016
26 August 2016
Sound Energy plc
("Sound Energy" or the "Company")
Tendrara: TE-7 Drilling Commences
Sound Energy, the European and African focused upstream company,
is pleased to confirm the commencement of drilling of the second
well at Tendrara, onshore Morocco.
Following the recent success of the first Tendrara well (TE-6),
a sub-horizontal appraisal well (the Company's second well on the
licence; TE-7) was spud on 25 August 2016. The well objectives of
TE-7 include proving sufficient gas volumes and well deliverability
to enable finalization of the field development plan and a
concession application and demonstrating the benefits of
sub-horizontal drilling, which is expected to be implemented as the
production well concept for Tendrara.
The TE-7 site is approximately 830 metres to the Northeast of
TE-5 and hence some 1.6 kilometres from the TE-6 site. Drilling is
planned to reach a total measured depth of 3440 meters with
specific tools being used to geo steer the well at close to an 88
degree angle inside the TAGI reservoir to ensure a horizontal drain
of between 600 and 900 metres. The sub-horizontal section will run
to the North, parallel to the minimum horizontal stress observed in
TE-6.
The TE-7 drilling programme is anticipated to follow key three
phases:
-- Drilling and logging (approximately 54 days)
-- Completion and stimulation (approximately 30 days)
-- Clean-up and initial well testing (up to 10 days)
The Company looks forward to updating shareholders on
achievement of each of the three casing points and achievement of
total depth. The final results of the well will be announced after
the initial well test.
An extended well test will follow for approximately 70 days
thereafter to confirm production sustainability and to aid
comprehensive field development planning.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700
Patrick d'Ancona
Chris McMahon
Alexandra Roper
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Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive
Officer
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Smith & Williamson - Nominated Tel: +44 (0)20 7131 4000
Adviser
Azhic Basirov
David Jones
Ben Jeynes
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Cantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896
Sarah Wharry
David Porter
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This information is provided by RNS
The company news service from the London Stock Exchange
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