Last checked at 18 Jul 2016 12:00
18 July 2016
Sound Energy plc
("Sound Energy" or the "Company")
Tendrara Update
Following the recent share price increase, Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to update the market on continued positive developments at the Company's Tendrara licence.
The Company continues with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announce that it has already achieved a very significant gas flow rate which is in the process of stabilising during the clean up process. The rate is already highly commercial and well above initial expectations. The Company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time.
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.