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Sound Energy PLC - Further Update re TE-10: Rigless Well Testing

Mon, 29th Apr 2019 07:00

RNS Number : 3206X
Sound Energy PLC
29 April 2019
 

29 April 2019

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Further Update re TE-10: Rigless Well Testing

 

Sound Energy, the Moroccan focused upstream gas company, provides a further update on operations in Eastern Morocco, following the Company's announcement of 2 April 2019.  The Company previously announced a discovery, and a planned stimulated well test, at TE-10, the second well in Sound Energy's current three well exploration programme in the Greater Tendrara area, onshore Morocco. The test programme involves rigless re-entry of the TE-10 well, and both unstimulated and stimulated flow tests on multiple intervals.

 

The Company confirms that the previously anticipated coiled tubing required for the next stage of operations has now arrived on site. The Company will now progress towards perforating and initiating the unstimulated tests, followed by the stimulated flow test

 

Sound Energy looks forward to updating shareholders via regulatory news service ("RNS"), as appropriate, in due course.

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon 

 

Tel: 44 (0)20 7390 0230

Sound Energy

James Parsons, Chief Executive Officer 

JJ Traynor, Chief Financial Officer

questions@soundenergyplc.com

 

 

 

Cenkos Securities - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: 44 (0)20 7397 8900

RBC - 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

 

 

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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