24 Nov 2016 07:00
24 November 2016
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Sound Energy plc
("Sound Energy" or the "Company")
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Tendrara: TE-7 Post Stimulation Flow Rate
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Sound Energy, the European and African focused upstream gas company, is pleased to confirm a successful second well at the Company's Tendrara licence, onshore Morocco.
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As announced by the Company on 7 October 2016, the Company's second Tendrara well (TE-7) was drilled successfully to a total measured depth of 3,459 metres, corresponding to a vertical depth of 2,611 metres. TE-7 has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section.
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The Company has now completed operations and is pleased to announce that it has achieved a gas flow rate towards the end of the clean up process, post stimulation, of 32 MMscf/d with a flowing tubing head pressure of 230 bar on a choke of 40/64. This rate is significantly above the Company's pre-drill expectations. Based on the clean up phase, the well's potential is predicted by the Company to be significantly above 40 MMscf/d with a 50% drawdown.Â
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The Company will now proceed with the planned extended well test of TE-7 to confirm production sustainability and to aid comprehensive field development planning. The TE-7 bottom hole reservoir pressure and its correlation with the gas gradient of the other Tendrara wells will be announced after conclusion of the the extended well test.
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This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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James Parsons, Chief Executive Officer of Sound Energy, commented:
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"I am pleased to report the success of our second well at Tendrara and that the use of sub-horizontal drilling techniques on TE-7 has delivered a significant uplift on flow rates. This result further re-inforces our belief in the Eastern Morocco TAGI / Palaeozoic play.
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My team and I look forward to the results of the extended well test and the finalization of plans for our first outpost well, TE-8."
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For further information please contact:
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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 |
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The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist. MMscf/d means million standard cubic feet of gas per day.
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