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Tendrara: TE-7 Pre Stimulation Flow Rate

2 Nov 2016 07:00

RNS Number : 0405O
Sound Energy PLC
02 November 2016
 

 

2 November 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

 

Tendrara: TE-7 Pre Stimulation Flow Rate

 

 

Sound Energy, the European and African focused upstream gas company is pleased to provide the following update in relation to TE-7, the Company's second well at the Tendrara licence area, onshore Eastern Morocco.

 

As announced by the Company on 7 October 2016, the Company's second Tendrara well (TE-7) was drilled to a total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres. The well has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section.

 

The Company has now completed TE-7 and perfomed an initial, unstimulated, open hole well test of the first 28% of the gross reservoir interval. After 24 hours of continuous flow with a 32/64 choke, a rate of 8.8 MMscf/d was achieved with strong pressure build up post test. The rate is significantly better than the Company's estimates.

 

The Company will now complete the planned mechanical stimulation and well test of the entire sub-horizonal section. The post stimulation flow rate results are expected mid November 2016. Thereafter the Company will initiate the planned Extended Well Test to confirm production sustainability and to aid comprehensive field development planning.

 

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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/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
 
 
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Date   Source Headline
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17th Jul 20155:10 pmRNSWarrantholders Letter
17th Jul 20154:10 pmRNSIssue of Equity & Director's Dealings
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3rd Jul 20155:38 pmRNSCompletion of Placing and Director Shareholding
30th Jun 20153:35 pmRNSResult of AGM, TVR and Update re Funding
25th Jun 20152:19 pmRNSShareholdings of Directors
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