Malcy's blog7 Jan 2019 16:49
Sound Energy
Sound has released a further TE-10 update from the Greater Tendrara Licence Area, onshore Morocco. In it they confirm identification of gas bearing sands ‘within and below’ the mapped TAGI closure which ‘potentially materially de-risks’ the stratigraphic upside at North East Lakbir. Given that this trap had a pre-drill mid-case potential of a gross 2.7 TCF of gas originally in place (GOIP) and the smaller closure had 128 BCF GOIP on a similar basis then there are serious grounds for optimism.
The company also identified, with the use of FMI equipment, (high definition formation micro-imager log) the presence of additional thin bedded net pay within the previously identified potential gross reservoir interval between 1,899m MD to 2,009m MD. ‘Quantification of the overall net pay is underway and will require substantiation from side-wall core analysis and further wireline log evaluation’.
Another optimistic sign is that a gas sample was successfully recovered from one of the pay intervals at approximately 1,937m using a MDT, (modular formation dynamics tester system) which confirms the presence of movable hydrocarbons in the reservoir. More importantly this is the first successful MDT test from the TAGI at Tendrara where testing has historically been hampered by the tight nature of the sandstone.
The rig is now to be moved away and the well will be extensively tested for several weeks after demobilisation. Quantification of net pay will be determined by side-wall core analysis and further wire-log evaluation as well as seismic and other modelling. There is little doubt that this is an important step for Sound and validates their high risk and audacious exploration strategy; it seems that the Greater Tendrara Area is very much alive and well.
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