Last checked at 17 Oct 2018 07:00
17 October 2018
Sound Energy plc
("Sound Energy" or the "Company")
Eastern Morocco : Commencement of Drilling at TE-9
Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that the drilling at TE-9, the first well of a planned three exploration well campaign in Eastern Morocco, is intended to commence later today.
The TE-9 well will test the A1 prospect in the Company's Greater Tendrara permit and is located approximately 19 kilometres to the northwest of the recently awarded Tendrara production concession.
The TE-9 main well bore will be drilled and logged to a true vertical depth of approximately 3,022 metres, is intended to drill both the TAGI as the primary target and the underlying Paleozoic as the secondary target and is expected to take between 35 to 45 days.
The Company looks forward to updating investors on achievement of each of two casing points (13 3/8" casing and 9 5/8" casing), the setting of a 7" liner (if required) and achievement of total depth. Investors will be able 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.
For further information please contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Kate Rogucheva
| Tel: +44 (0)20 7390 0230 |
Sound Energy James Parsons, Chief Executive Officer JJ Traynor, Chief Financial Officer |
j.parsons@soundenergyplc.com jj.traynor@soundenergyplc.com
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Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes
| Tel: +44 (0)20 7131 4000 |
RBC Capital Markets - Joint Broker Matthew Coakes Martin Copeland | Tel: +44 (0)20 7653 4000 |
Macquarie Capital (Europe) Limited - Joint Broker Alex Reynolds Nick Stamp | Tel: +44 (0)20 3031 2000
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