The bottom line8 Feb 2020 21:32
We invested in a high risk high reward AIM exploration company trying to unlock a new gas Provence in Morocco.
We have proven both vertical and horizontal drilling concepts work........We just need to to find the key to unlock the rest of the field.
As below the Gas is still there, hopefully with the help of the new company they can help us unlock the future for Morocco and of course the shareholders of Sound Energy.
First well (TE-6): During the first half of 2016, the first Tendrara well, TE-6, was drilled to a measured vertical depth of 2,665 metres and successfully encountered approximately 28 metres of net gas pay in the TAGI reservoir. Flow was achieved pre-stimulation and, post-stimulation, a rate of 17 MMscf/d was achieved. This highly commercial rate was significantly above initial expectations.
Second well (TE-7): the Company’s second Tendrara well (TE-7) was drilled successfully to a total measured depth of 3,459 metres, corresponding to a vertical depth of 2,611 metres. TE-7 has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section. A gas flow rate was achieved, post stimulation and clean up, of 32 MMscf/d. This rate was significantly above the Company’s pre-drill expectations. In January 2017, a successful extended well test was completed. The extended test results are consistent with the Company’s estimates and confirm the good deliverability of the TAGI reservoir, the horizontal well concept and the Company’s view of the significant potential of the field.
Sign In
Follow the stocks
