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Update re Badile

14 Jun 2017 07:00

RNS Number : 0015I
Sound Energy PLC
14 June 2017
 

14 June 2017

Sound Energy plc

("Sound Energy" or the "Company")

 

Update re Badile

 

Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.

 

The Badile well has reached the primary Conchodon dolomitic reservoir target at 4,375m measured depth ("MD"). Significant gas shows were encountered at 4,375m MD. Gas chromatograph data indicated C1 (methane) to C5 (pentane) gas components.

 

Drilling in the 8.5" hole section has now been temporarily paused, ahead of running the 7" liner, after which drilling will continue to the bottom of the reservoir. The Company cautions that gas shows, despite being a positive initial indication, should not be considered conclusive until drilling and logging is complete.

 

A further announcement will be made, as appropriate, in due course.

 

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

RBC - Broker

Matthew Coakes

Martin Copeland

Laura White

Tel: +44 (0)20 7653 4000

 

The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLOKNDNOBKDDAD
Date   Source Headline
12th Jun 20177:00 amRNSOperational Update: Sidi Moktar and Badile
31st May 20175:15 pmRNSTotal Voting Rights
23rd May 201712:12 pmRNSResult of AGM
23rd May 20177:00 amRNSProposed Board Change
23rd May 20177:00 amRNSFinal TE-8 Results and Revised Estimates
17th May 20177:00 amRNSSidi Moktar: Rig Arrival and Work Programme
4th May 20177:00 amRNSBadile: Fourth Casing Point
2nd May 20173:00 pmRNSTotal Voting Rights
25th Apr 20177:00 amRNSMeridja : Schlumberger Investment
18th Apr 20177:00 amRNSMobilisation of Rig to Sidi Moktar
12th Apr 20176:07 pmRNSAnnual Report and Notice of AGM
10th Apr 20177:00 amRNSBadile: Third Casing Point
3rd Apr 20173:00 pmRNSTotal Voting Rights
29th Mar 201712:16 pmRNSDirector/PDMR Shareholding
29th Mar 201712:15 pmRNSDirector/PDMR Shareholding
28th Mar 20177:00 amRNSTendrara: TE-8 Results
28th Mar 20177:00 amRNSPreliminary Results
23rd Mar 20177:00 amRNSBadile: Second Casing Point
23rd Mar 20177:00 amRNSTendrara: TE-8 - Completion of Drilling
15th Mar 20173:02 pmRNSResult of General Meeting
15th Mar 20177:00 amRNSGeneral Meeting Operational Update: TE8 and Badile
14th Mar 20177:00 amRNSBadile: First Casing Point
10th Mar 20177:00 amRNSTendrara: TE-8 Final Casing Point
8th Mar 20177:00 amRNSBadile: Drilling Commences
2nd Mar 20177:00 amRNSTendrara: TE-8 Second Casing Point
1st Mar 20172:30 pmRNSTotal Voting Rights
24th Feb 20177:00 amRNSTendrara: TE-8 First Casing Point
21st Feb 201710:25 amRNSPosting of Circular and Notice of General Meeting
21st Feb 20179:22 amRNSDirector/PDMR Shareholding
20th Feb 20177:00 amRNSTendrara: TE-8 Drilling Commences
20th Feb 20177:00 amRNSProposed Acquisition Update
13th Feb 20177:00 amRNSRedemption of Loan and Exercise of Warrants
7th Feb 20175:54 pmRNSBadile Rig Contract: Payment Using Equity
7th Feb 20173:55 pmRNSDirector/PDMR Shareholding
7th Feb 20177:00 amRNSTE-8 Rig Mobilisation
1st Feb 20175:20 pmRNSTotal Voting Rights
1st Feb 20173:50 pmRNSChange of Broker
1st Feb 20172:54 pmRNSPreliminary Volume Estimates and Work Programme
19th Jan 20177:20 amRNSProposed Acquisition of OGIF Interests
19th Jan 20177:00 amRNSSuccessful TE-7 Extended Well Test
19th Jan 20177:00 amRNSTE-8: Commencement of Civil Works
5th Jan 20177:00 amRNSBadile Update and Rig Mobilisation
30th Dec 20163:00 pmRNSTotal Voting Rights
23rd Dec 201612:33 pmRNSDirector/PDMR Shareholding
19th Dec 20167:00 amRNSDirector/PDMR Shareholding and Block Admission
16th Dec 20163:26 pmRNSDirector/PDMR Shareholding
16th Dec 201612:18 pmRNSDirector/PDMR Shareholding
15th Dec 20167:00 amRNSTendrara: TE7 Bottom Hole Pressure & TE8 Location
12th Dec 20167:00 amRNSSidi Moktar: Receipt of Regulatory Approvals
30th Nov 20163:00 pmRNSTotal Voting Rights

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