Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.95
Bid: 0.97
Ask: 0.99
Change: 0.01 (1.03%)
Spread: 0.02 (2.062%)
Open: 0.99
High: 1.00
Low: 0.95
Prev. Close: 0.97
SOU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Operations Update

14 Mar 2016 07:00

RNS Number : 9045R
Sound Energy PLC
14 March 2016
 

14 March 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Operations Update

 

Sound Energy, the European/Mediterranean focused upstream gas company, provides the following update on certain of its Moroccan and Italian gas portfolio assets.

 

Badile, Italy

The Company has now been advised that the "Conferenza dei Servizi" (which is the central and final approval meeting for the Badile permission to drill) has been scheduled for 21 March 2016. This "Conferenza dei Servizi" follows an initial meeting held on 3 February 2016 and the final permission to drill the Badile exploration well is expected to be granted after this meeting.

 

Nervesa, Italy

The Company advises that since achieving first gas on 3 February 2016, the Company has produced some 24.6 MMscf of gas (at an average production rate, constrained by the Company, of 0.7 MMscf/d). On 11 March 2016 the Company completed planned static and dynamic profiles, which have identified an initial reduction in well pressure with an associated minor production of water, and suggests that not all perforated levels are yet in production. The Company has therefore decided to temporarily further constrain the flow rate from the well to approximately 0.4 MMscf/d. After a further period of production at these levels, the Company will complete a second static profile to confirm the level of pressure support. The Company may then consider re-perforating select layers of the reservoir or installing a velocity string to facilitate the load up of the minor amount of liquid being produced.

 

Tendrara, Morocco

The Company is pleased to announce that civil works and camp construction on site are progressing well, that the rig has now (as scheduled) arrived in Morocco and that the unloading of the equipment has started on site. The 40 day drill programme for the first Tendrara well is expected to commence in April 2016.

 

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

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: +44 (0)20 7894 8896

 

The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist. MMscf means million standard cubic feet of gas and MMscf/d means million standard cubic feet of gas per day.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFFFMFFMSEID
Date   Source Headline
25th Jun 20147:00 amRNSDirector/PDMR Shareholding
25th Jun 20147:00 amRNSDirectorate Change
18th Jun 20147:00 amRNSInstitutional Investment Agreements
12th Jun 20147:00 amRNSLaura Gas Discovery - Permit Award
11th Jun 201411:56 amRNSHolding(s) in Company
9th Jun 20147:00 amRNSRapagnano Reserve Upgrade
27th May 20147:00 amRNSCasa Tiberi - Operations Update
22nd May 201410:00 amRNSAnnual Report and Notice of AGM
21st May 20147:00 amRNSFinal Results
28th Apr 20147:00 amRNSNervesa Farm Out
25th Apr 20147:00 amRNSInstitutional Investment
14th Apr 20147:00 amRNSCasa Tiberi - Operations Commence
14th Mar 20147:00 amRNSCasa Tiberi Concession Award
14th Feb 201410:30 amRNSDirector/PDMR Shareholding
7th Feb 20144:00 pmRNSDirector/PDMR Shareholding
6th Feb 201410:16 amRNSDirector/PDMR Shareholding
5th Feb 20147:00 amRNSDirectorate Changes and Directors' Interests
3rd Feb 20147:00 amRNSResult of Open Offer
28th Jan 20147:00 amRNSLand Lease Agreement
14th Jan 20147:00 amRNS24 month Work Programme
14th Jan 20147:00 amRNSBoard Appts, Underwritten Open Offer and Loan
10th Jan 20147:00 amRNSRapagnano Production Update
8th Jan 20147:00 amRNSNervesa Rig Letter of Intent
23rd Dec 20137:00 amRNSDirectorate Change
23rd Dec 20137:00 amRNSSanta Maria Goretti Permit Award
18th Dec 20131:46 pmRNSDirectorate Change
21st Nov 20137:00 amRNSCasa Tiberi EPC Award
8th Oct 20137:00 amRNSNew Badile CPR
27th Sep 201311:18 amRNSDirector/PDMR Shareholding
27th Sep 20137:00 amRNSHalf Yearly Report
27th Sep 20137:00 amRNSCasa Tiberi Approval
4th Sep 20137:00 amRNSSuccessful Nervesa Well Test
9th Aug 20137:00 amRNSNervesa Update
18th Jul 20137:00 amRNSAppointment of Chief Financial Officer
17th Jul 20137:00 amRNSNervesa Gas Discovery
15th Jul 20137:00 amRNSNervesa Total Depth
5th Jul 20137:00 amRNSNervesa Appraisal Well Update
27th Jun 201312:30 pmRNSResult of AGM
24th Jun 20131:39 pmRNSNervesa Appraisal Well Update
11th Jun 20138:41 amRNSNervesa Update
7th Jun 20132:23 pmRNSCommencement of Drilling
7th Jun 20131:08 pmRNSDirector/PDMR Shareholding
4th Jun 20137:00 amRNSPosting of Annual Report and Notice of AGM
30th May 20137:00 amRNSFinal Results
17th May 20137:00 amRNSNervesa Rig Release
16th May 20137:00 amRNSRapagnano First Gas
7th May 20137:00 amRNSProject Update
24th Apr 20137:00 amRNSProject Update
22nd Apr 20137:00 amRNSSuccessful Rapagnano Commissioning
28th Mar 20137:01 amRNSNervesa Appraisal Well Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.