Sound Energy PLC Eastern Morocco: Aerial Gradiometry Results (8941W)
November 20 2017 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 8941W
Sound Energy PLC
20 November 2017
20 November 2017
Sound Energy PLC
("Sound Energy" or the "Company")
Eastern Morocco: Aerial Gradiometry Results
Sound Energy, the African and European focussed upstream gas
company, is pleased to announce completion of the Airborne Full
Tensor Gravity Gradiometry (FTG) and magnetic survey acquisition in
Eastern Morocco.
The survey team, provided by AustinBridgeporth, flew a total of
26,700 survey line kilometres, across a total area of 22,800 square
kilometres over the Tendrara, Matarka and Anoual licences in just
less than twelve weeks. The survey, together with the new 2D
seismic programme which is now underway, was commissioned to
develop a better understanding of the subsurface structure and
sedimentary succession.
The Company confirms receipt of a preliminary high resolution
FTG and magnetic dataset, delivered on schedule and to budget, with
highly encouraging results. Critically, these results include the
delineation of previously unrecognised subsurface features and a
clearer view of the deeper structure across the three licences. The
preliminary data provides a far more detailed view of a deep, thick
Paleozoic basin extending over the three permit areas, bounded by a
series of NE-SW and NNE-SSW faults. The NNE-SSW fault trend is
coincident with the Paleozoic anticline identified on 3D seismic
beneath the TE-5 Horst (the possible third well location in the
2018 exploration programme). Other similar fault trends may
indicate further Paleozoic potential. Following further data
processing, likely mid-December, the Company expects to have an
improved understanding of the exploration potential of the licence
areas.
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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