Sound Energy PLC Tendrara: TE-8 Drilling Commences (2455X)
February 20 2017 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 2455X
Sound Energy PLC
20 February 2017
20 February 2017
Sound Energy plc
("Sound Energy" or the "Company")
Tendrara: TE-8 Drilling Commences
Sound Energy, the African and European focused upstream gas
company, is pleased to confirm the commencement of drilling at the
third Tendrara well, onshore Morocco.
Following the recent success at the Company's first two Tendrara
wells (TE-6 and TE-7), the Company's third well (TE-8) was spud on
19 February 2017. The TE-8 well is a step out appraisal well some
12 kilometres to the Northeast of TE-7 with the objective of
proving up significant additional volumes in the TAGI (Trias
Argilo-Gréseux Inférieur) reservoir whilst also, for the first
time, drilling deeper into the Paleozoic formation.
The drilling and logging of the TE-8 main well bore to a true
vertical depth ("TVD") of approximately 2975 metres is expected to
take approximately 40 to 50 days. Assuming gas is encountered in
the main well bore, a further 30 day sidetrack will be drilled to a
TVD of approximately 2633 metres to prove a potentially deeper gas
contact approximately 900 metres to the north-west.
The Company looks forward to updating shareholders on
achievement of each of the three casing points (13 3/8" casing at
450m TVD, 12 1/4 " casing at 2070m TVD and 7" casing at 2587mTVD)
in the main well bore and achievement of total depth.
For further information please contact:
Vigo Communications - PR Tel: +44 (0)20 7830
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
RBC Capital Markets - Broker Tel: +44 (0)20 7653
Matthew Coakes 4000
Martin Copeland
Laura White
The information contained in this announcement has been reviewed
by Sound Energy's Executive Vice President, Brian Mitchener, a
chartered petroleum geologist.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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