Sound Energy PLC Operational Update: Sidi Moktar and Badile (7419H)
June 12 2017 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 7419H
Sound Energy PLC
12 June 2017
12 June 2017
Sound Energy plc
("Sound Energy" or the "Company")
Operational Update: Sidi Moktar and Badile
Sound Energy, the African and European focused upstream gas
company, is pleased to confirm the commencement of operations to
re-enter and test the Koba-1 well at the Company's Sidi Moktar
licence, onshore Morocco, and to provide a further update on the
drilling of the Badile exploration well, onshore Italy.
Sidi Moktar
The Company is pleased to announce that operations to re-enter
and test the Koba-1 well at Sidi Moktar have now commenced.
Operations will include the perforation and testing of the Lower
Liassic and a potential testing of the Argovian. The total
operation is expected to take approximately ten days, after which
the rig will move to the Kamar-1 well for the second stage of the
operation, as announced on 17 May 2017.
The Sidi Moktar licences cover 2,700 square kilometres in the
Essaouira basin, central Morocco, and are close to existing
infrastructure and gas demand, including the large scale Moroccan
state owned OCP Phosphate plant.
The Company is looking forward to hosting investors on its Sidi
Moktar site visit later this week. Investors are invited to observe
live operations through the Company's webcam.
Badile
The Company confirms that drilling continues successfully at the
Badile exploration well, which has reached a measured depth of
4,328 metres within the Medolo Formation. Drilling continues
towards the reservoir which the Company expects to penetrate, after
setting a 7" liner just above the pay zone, later this month.
Further updates will be made, as appropriate, in due course.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700
Patrick d'Ancona
Chris McMahon
Alexandra Roper
Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
RBC - Broker Tel: +44 (0)20 7653 4000
Matthew Coakes
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
UPDGGUUCQUPMGBG
(END) Dow Jones Newswires
June 12, 2017 02:00 ET (06:00 GMT)
Sound Energy (LSE:SOU)
Historical Stock Chart
From Apr 2024 to May 2024
Sound Energy (LSE:SOU)
Historical Stock Chart
From May 2023 to May 2024