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Exploration Volume Estimates for Sidi Moktar
Exploration Volume Estimates for Sidi Moktar.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9161X Sound Energy PLC 30 November 2017 \n\n30 November 2017\n \nSound Energy PLC\n(\"Sound Energy\" or the \"Company\")\n \nExploration Volume Estimates for Sidi Moktar \n \nSound Energy, the African and European focussed upstream gas company, is pleased to provide the Company's first volumes estimate of the exploration potential of the Sidi Moktar exploration permits (\"Sidi Moktar Permits\") in Central Morocco.\n \nThe Sidi Moktar Permits cover 2,700 square kilometres in the Essaouira basin, central Morocco and contain an existing gas discovery in the Lower Liassic (\"Kechoula\") and significant pre-salt potential. Sidi Moktar is close to existing infrastructure and gas demand, including the large-scale Moroccan state owned OCP Phosphate plant. The Company has recently successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir (historically the main producing reservoir in the Kechoula discovery). The Company will provide an update on the Argovian work programme shortly. \n \nThe Company recently commissioned Echo Geoscience Management Ltd* (\"EG\") to undertake an independent preliminary technical evaluation** of the available historical exploration well and 2D seismic data across the Sidi Moktar Permits area with a focus on the under-explored pre-salt plays beneath the Argovian reservoir (the \"EG Study\"). \n \nThe Company is pleased to report the results of the EG Study, which has significantly enhanced the Company's view of the exploration potential and confirms the substantial upside of this pre-salt play. EG have defined and mapped a portfolio of 28 Liassic, Triassic and Paleozoic leads in a variety of hydrocarbon trap types across the Sidi Moktar Licences. Much of the potential lies within 11 of the pre-salt Triassic and Paleozic leads ranging in size individually from 200 Bcf to 2.5 Tcf. The EG Study highlights an exploration potential best case of 8.9 Tcf with an high of 11.2 Tcf and a low case of 6.7 Tcf, unrisked gas originally in place (gross). The largest of the leads include the following unrisked gas originally in place (gross):\n \n· The 'EG6' Lead (30km south-east of the producing Meskala gas field), a tilted fault block with estimated volumes ...