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: 0.864
Bid: 0.82
Ask: 0.852
Change: -0.007 (-0.83%)
Spread: 0.032 (3.902%)
Open: 0.872
High: 0.872
Low: 0.862
Prev. Close: 0.843
SOU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tendrara: Completion of Drilling

2 Jun 2016 07:00

RNS Number : 9597Z
Sound Energy PLC
02 June 2016
 

2 June 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Tendrara: Completion of Drilling

 

Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that the first Tendrara well has now been drilled to total depth ("TD") at a measured vertical depth ("MVD") of 2,665 metres. The 4 1/2" tubing is now being set in preparation for testing the well.

 

The Company has identified the TAGI reservoir starting at a depth of 2,535 metres MVD, some 12 metres structurally higher than that identified in the previous TE5 well. The Company therefore believes it has successfully drilled the top of the structure, confirming the geological depositional continuity of the TAGI sandstones within the area.

 

The Company identified significant gas shows whilst drilling the reservoir and the full set of acquired logs will be now processed. The Company confirms that a total gross pay of 89 metres has been identified.

 

The rig will now de-mobilise from the TE6 location and move to the already prepared TE7 site on stand-by. Immediately after de-mobilisation, the Company will proceed with the planned rigless operations to mechanically stimulate the reservoir followed by a well test.

 

 

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 

@soundenergyplc

www.soundenergyplc.com

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUGURCQUPQGQG
Date   Source Headline
24th Mar 20163:01 pmRNSIssue of Options and Director's Dealing
14th Mar 20167:00 amRNSOperations Update
10th Mar 20167:00 amRNSSidi Moktar: Further Acquisition and Farm Out
29th Feb 20167:00 amRNSBadile Rig
26th Feb 201611:30 amRNSChange of Registered Office
26th Feb 20167:00 amRNSTendrara Update
22nd Feb 20162:00 pmRNSBlock Admission Interim Review
15th Feb 20167:00 amRNSTendrara Update
9th Feb 20167:00 amRNSNervesa Production Update
8th Feb 20167:00 amRNSOption to Acquire Meridja Area
4th Feb 201610:00 amRNSNervesa First Gas
3rd Feb 20163:03 pmRNSBadile Update
29th Jan 20163:00 pmRNSTotal Voting Rights
26th Jan 20167:00 amRNSHeads of Terms: Further Sidi Moktar Acquisition
14th Jan 20167:00 amRNSAcquisition of Sidi Moktar
6th Jan 20167:00 amRNSPortfolio Update
31st Dec 201512:05 pmRNSTotal Voting Rights
29th Dec 20157:00 amRNSTendrara: Schlumberger Field Management Agreement
21st Dec 20157:00 amRNSNervesa Operations Update
16th Dec 20157:00 amRNSTendrara: Completion of Farm In
10th Dec 20152:07 pmRNSDirector/PDMR Shareholding
24th Nov 20157:00 amRNSBadile Cost Reduction
22nd Oct 20157:00 amRNSHeads of Terms: Sidi Moktar Acquisition
21st Oct 20157:00 amRNSStrategic Collaboration and Tendrara Term Sheet
1st Oct 20157:00 amRNSChange of Name
30th Sep 20153:00 pmRNSTotal Voting Rights
30th Sep 20157:00 amRNSIssue of Options and Director's Dealing
28th Sep 20152:25 pmRNSDirector/PDMR Shareholding
28th Sep 20159:31 amRNSDirector/PDMR Shareholding
28th Sep 20157:00 amRNSDirectorate Change
25th Sep 201511:29 amRNSDirector/PDMR Shareholding
24th Sep 201512:02 pmRNSDirector/PDMR Shareholding
24th Sep 20157:00 amRNSHalf Yearly Report
8th Sep 20157:00 amRNSItaly: Portfolio Update
8th Sep 20157:00 amRNSMorocco Update: Tendrara Technical Evaluation
7th Sep 20157:01 amRNSExclusivity on Second Moroccan Acquisition
3rd Sep 20157:00 amRNSChange of Adviser
1st Sep 201510:00 amRNSTotal Voting Rights
17th Aug 20153:15 pmRNSBlock Admission
13th Aug 20151:40 pmRNSIssue of Equity
7th Aug 20157:00 amRNSName Change to Sound Energy
6th Aug 20157:00 amRNSGas Sales Agreement with Shell Energy Italia
3rd Aug 201512:33 pmRNSTotal Voting Rights
29th Jul 20158:00 amRNSIssue of Equity
21st Jul 20158:31 amRNSIssue of Equity
17th Jul 20155:10 pmRNSWarrantholders Letter
17th Jul 20154:10 pmRNSIssue of Equity & Director's Dealings
16th Jul 20157:00 amRNSProduction Concession Award
3rd Jul 20155:38 pmRNSCompletion of Placing and Director Shareholding
30th Jun 20153:35 pmRNSResult of AGM, TVR and Update re Funding

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.