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Pin to quick picksSound Energy Regulatory News (SOU)

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Market Cap: £4.80m
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Update re Badile

14 Jun 2017 07:00

RNS Number : 0015I
Sound Energy PLC
14 June 2017
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14 June 2017

Sound Energy plc

("Sound Energy" or the "Company")

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Update re Badile

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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.

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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.

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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.

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

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For further information please contact:

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Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

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Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive OfficerΒ 

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j.parsons@soundenergyplc.com

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Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben JeynesΒ 

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Tel: +44 (0)20 7131 4000

RBC - Broker

Matthew Coakes

Martin Copeland

Laura White

Tel: +44 (0)20 7653 4000

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

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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DRLOKNDNOBKDDAD
Date   Source Headline
16th May 20137:00 amRNSRapagnano First Gas
7th May 20137:00 amRNSProject Update
24th Apr 20137:00 amRNSProject Update
22nd Apr 20137:00 amRNSSuccessful Rapagnano Commissioning
28th Mar 20137:01 amRNSNervesa Appraisal Well Update
22nd Mar 20137:00 amRNSResult of Open Offer
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28th Feb 20137:00 amRNSAsset Swap
27th Feb 20137:00 amRNSRevised Work Programme
19th Feb 20137:00 amRNSBadile Prospect Update
15th Feb 20137:00 amRNSChange of Adviser
14th Feb 20137:00 amRNSNervesa Rig Contract
1st Feb 20137:00 amRNSItalian Portfolio Update
24th Jan 20134:43 pmRNSHolding(s) in Company
24th Jan 20137:00 amRNSExisting Placement & Open Offer
22nd Jan 20137:00 amRNSNervesa Consent
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16th Jan 20137:00 amRNSFunding Update
8th Jan 20137:00 amRNSRapagnano Final Test Results
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4th Jan 201312:02 pmRNSResult of Meeting
20th Dec 20127:00 amRNSOperations Update
18th Dec 20125:33 pmRNSPosting of Circular
17th Dec 20127:00 amRNSDirector/PDMR Shareholding
12th Dec 20127:00 amRNSSale of Sub, Bd Change, Share Consolidation & GM
11th Dec 20122:28 pmRNSHolding(s) in Company
4th Dec 20127:00 amRNSOperations Update
30th Nov 20129:36 amRNSConcession Award
30th Nov 20127:00 amRNSRapagnano Gas Sales Agreement
21st Nov 20127:00 amRNSPresentation
20th Nov 20127:00 amRNSFunding Update
14th Nov 20127:00 amRNSRe-opening of D150 and D148 Permit Applications
8th Nov 20127:00 amRNSNervesa EIA Approval
2nd Nov 20127:00 amRNSInvestor Engagements
1st Nov 20125:29 pmRNSHolding(s) in Company
26th Oct 201212:21 pmRNSGrant of Options
24th Oct 201212:29 pmRNSDirector/PDMR Shareholding
24th Oct 20127:00 amRNSNervesa Funding Contract
22nd Oct 20127:00 amRNSRig Letter of Intent for Nervesa
18th Oct 20127:00 amRNSCitarum Sale
12th Oct 20129:21 amRNSHolding(s) in Company
11th Oct 20127:00 amRNSDirectorate Change
4th Oct 20124:34 pmRNSPosting of Interim Report
3rd Oct 20122:07 pmRNSChange of Date for Investor Conference Call
2nd Oct 20123:16 pmRNSHolding(s) in Company
2nd Oct 201212:24 pmRNSOperations Update
1st Oct 20127:00 amRNSOperations Update - Italy
28th Sep 20127:00 amRNSHalf Yearly Report
21st Sep 20123:09 pmRNSHolding(s) in Company

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