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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sound Energy Plc | LSE:SOU | London | Ordinary Share | GB00B90XFF12 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.80 | 0.752 | 0.85 | 0.848 | 0.848 | 0.848 | 676,054 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.27 | 16.29M |
From May 2019 to May 2024
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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(END) Dow Jones Newswires
February 20, 2017 02:00 ET (07:00 GMT)
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