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RNS Number : 5217X
Sound Energy PLC
13 August 2018

13 August 2018

Sound Energy plc
("Sound Energy" or the "Company")

TE-9: Rig Mobilisation

Sound Energy, the Moroccan focused upstream gas company, is pleased to announce the mobilisation of the National 110 IE (1500HP) land drilling rig owned by Saipem SpA to the TE-9 well pad, which is currently under construction on the Tendrara licence, onshore Morocco. The rig, which was used for all the Company's previous wells in Morocco, is expected to be utilised for TE-9, TE-10 and TE-11.

Investors are invited to observe live operations through the Company's webcam, available on the Company's website.

Further announcements will be made, as appropriate, in due course.

The link below is a good read, JP timing of an oil price boom, could not of started at a better time?

The urgency to grow production must be balanced against the pressure from shareholders to maintain capital discipline and offer more attractive returns. The majors are navigating this tension in various ways. Shell and Total SA are pivoting to natural gas.

http://energyfuse.org/big-oils-best-quarter-in-years/

Mancave........They Fastnet had a cove model to replicate. It was the one that got away for them........

https://www.edisoninvestmentresearch.com/?ACT=18&ID=10142&LANG=

They just ran out of cash.........So close!!

Instigated and coordinated the Tendrara technical and reservoir engineering
studies, laying the groundwork for Sound Energy’s successful 2016 drilling programme which proved up the Tendrara gas field

Paul Griffiths Predator oil comment below. The one that got away!

From Directors talk interview.

The largest returns for our shareholders, it’s particularly in small-cap companies like Predator Oil and Gas Holdings, occur where such a company has exposure to what you could call ‘the big one’ and that’s how Cove Energy in East Africa and more recently, Sound Energy in Morocco.

She’ll would like the share price lower, so the £2 share offer will be multiples of the offer share price. Time for a RNS...........

One of the problems I see and JP has mentioned it a few times,Sound Energy just aren't big enough for this project if and when TE-9 is complete success or not, I think this will determine the final price.

All this seismic data soon to be evalable and what we going to do with it, this project requires 2 or 3 rigs on location to ramp up the multi TCF potential, we simply don't have the resources of the Big boys.

JP and the team have so far done lots of the hard work, I think Enagas will also be requiring lots of activity / rigs on location to fill that 20" pipeline even if it is some time away.

Mancave don't know if it's just me,but it all seems a little bit low key for such a big well?

With TE-9 now been the most influential well for Sound Energy, it's been very very quite on any news front. So we have started the ground works and the rig is ready for mobilisation to TE-9 (from Sidi Moktar) and will be mobilised as soon as the road and pad is ready to receive it. It takes about 25 days to cross Morocco.

What are we waiting for Shell and Repsols approvel.................

Radio Silence............Action speaks louder than words!!!!!

With the Oil and Gas Majors reported earnings, and a little bit of extra cash and a rising oil price, they will be looking for opertunitiys to keep their share holders happy, and what a chance onshore possible multi TCF.

How long can Sound hold out...................The GSA might just be the catalyst.

I have just looked very closely at the stick on the photo, and it has a fuse protruding from the top.......DYNAMITE !!!

Prime need something to get it moving............GSA might really give it a kick.

Starting to move...........take your positions for the GSA?

Ponkey think I loosing the will.................

Any news about the Rig sitting at Sidi is it fully built ? Ready to rock and roll on the incomplete road.

GSA that might bring some life to the share price.

Is it BLUE.............What could possibly mate it positive, any ideas anyone!!!!!!!!

Hello treiiis35 sometimes old rehashed news can be very interesting to some people?

I personally think that any news referring to Schlumberger and Sound Energy at this time is very interesting as Schlumberger takes direct stake in Sound Energy’s Morocco assets........Sorry to repost.

With regard to the post Seismic award all conducted in the Schlumberger Integrated EM Center of Excellence.I also find that very interesting as Schlumberger have only just reported it in their July 2018 results. I have posted the link below as you just might find it interesting............. or not.

Sorry,wasting my time posting old Tosh at the weekend, got a pint waiting.

https://www.slb.com/news/press_releases/2018/2018_0720_q2_earnings.aspx

WesternGeco received a direct award from Sound Energy for a 2,700-km 2D survey using UniQ* land seismic acquisition platform technology over the Meridja and Tendrara Fields in Morocco. The project includes electromagnetics, magnetotellurics, surface wave joint inversion, and data processing methods—all conducted in the Schlumberger Integrated EM Center of Excellence.

Schlumberger takes direct stake in Sound Energy’s Morocco assets

A process is now underway to assign a Schlumberger subsidiary a 27.5% participating interest in Sound Energy PLC (LON:SOU) the Tendrara Lakbir permits, the Anoual permits and the Matarka reconnaissance licence.

It comes as Sound advances towards new drilling in the region.

On Tuesday, Sound confirmed the start of civil works in preparation for the planned drilling of the TE-9 well, within the Tendrara licence onshore Morocco. The first stage of civil works sees the construction of an access road to the well site. The explorer also told investors that it has now signed a rig contract for the programme.

News on oil and gas company's,preferably Sound Energy.

Now what's JP upto......Cmon JP we know the company is up for sale, are we just stringing it along until sysmics complete and the GSA signed and then good by Sound Energy. Have we something on the table just filling in the blanks.