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General Meeting Operational Update: TE8 and Badile

15 Mar 2017 07:00

RNS Number : 4740Z
Sound Energy PLC
15 March 2017
 

15 March 2017

 

Sound Energy plc

("Sound Energy" or the "Company")

 

General Meeting Operational Update : TE8 and Badile

 

Sound Energy, the African and European focused upstream gas company, announces that the Company will provide the following operational update to the general meeting to be held at 11.00 am today.

 

Tendrara

 

The Company's third well (TE-8) at the Tendrara licence, onshore Morocco, has now been successfully drilled to the planned coring point in the TAGI reservoir at a measured depth of 2,696 metres and the Company is now completing coring operations. The Company is pleased to confirm the presence of a TAGI sand sequence, commencing at a measured depth of 2,643 metres, and the presence of gas shows in the TAGI sands. The Company cautions that logging will only occur after the completion of drilling operations and that gas shows, although a positive initial indication, should not be considered conclusive without further wireline logging and analysis.

 

The Company will now proceed to drill the rest of the TAGI sequence and the Paleozoic.

 

Badile

 

As announced by the Company on 14 March 2017, the Badile exploration well, onshore Italy, has now been drilled to the first casing point at a measured depth of 545 metres and the 18 5/8" casing has been set and cemented in the Pleistocene Asti sands formation.

 

The Company continues to drill towards the second casing point at a measured depth of approximately 1,400 metres.

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer 

 

j.parsons@soundenergyplc.com

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: +44 (0)20 7131 4000

RBC - Broker

Matthew Coakes

Martin Copeland

Laura White

Tel: +44 (0)20 7653 4000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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