Last checked at 2 Apr 2019 16:03
2 April 2019
Sound Energy plc
("Sound Energy" or the "Company")
TE10 : Rigless Well Testing Timing Update
Sound Energy, the Moroccan focused upstream gas company, provides a further update on operations in Eastern Morocco, following the Company's announcement of 18 February 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.
As confirmed in the Company's announcement of 21 March 2019, testing operations at TE-10 are underway and continue. The test programme involves rigless re-entry of the TE-10 well, acquisition of cement bond log information, and both unstimulated and stimulated flow tests on multiple intervals. The Company is anticipating the arrival of Coiled Tubing from Tunisia prior to 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
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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 |
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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.