Sound Energy Share News (SOU)

(Sharecast News) - Morocco-focussed upstream gas company Sound Energy announced the completion of the entire 2,850 line Kilometre 2D seismic acquisition programme in Eastern Morocco.The AIM-traded firm said the programme adhered to "best in class" international safety standards throughout, and was completed on budget and with zero lost time incidents.It also announced that it has finalised the specific location of the TE-10 exploration well, which would target the North East Lakbir prospect, and was expected to spud immediately after the drilling of TE-9.That second well would target a high impact TAGI structural-stratigraphic play with previously advised estimated volumes of 2.6 Tcf mid case, GOIP - 5.0 Tcf GOIP upside case and a 1.2 Tcf GOIP low case - and would drill both the TAGI and the underlying Palaeozoic.The acquisition of the new seismic, coupled with the basin modelling, had enabled the company to increase its understanding of the TAGI structural play, the deeper Palaeozoic potential and the hydrocarbon charge model.Sound Energy said it continued to believe that the gas charge originated from a carbonate rich marine source rocks, interpreted as of Devonian age in a kitchen area in the central and southern region of the combined Tendrara-Lakbir, Matarka and Anoual permits."The new seismic has also now revealed, in addition to the existing structures targeted by the planned wells, a new large Palaeozoic structure to the north west of the structural-stratigraphic play," the board said in its statement."It is believed that the hydrocarbon migration pathways converge into this Palaeozoic structure - essentially a palaeo-high onto which the TAGI reservoir pinches out - which, if correct, could be the largest prospect within the entire basin."The company will include this opportunity as another candidate for the planned third exploration well (TE-11), alongside the significant Palaeozoic oil play in the Anoual licence."