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Tendrara: TE7 Completion of Drilling & Log Results
Tendrara: TE7 Completion of Drilling & Log Results.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9446L Sound Energy PLC 07 October 2016 \n\n 7 October 2016\n \nSound Energy plc\n(\"Sound Energy\" or the \"Company\")\n \nTendrara: TE-7 - Completion of Drilling and Log Results\n \n \nSound Energy, the European and African focused upstream gas company, is pleased to announce that TE-7, the second well at the Company's Tendrara licence (onshore Morocco), has now been successfully drilled to total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres. \n \nThe Company has successfully completed a 700 metre sub horizontal drill through the TAGI reservoir. Consistent with those seen in the drilling of TE-6, the Company has observed significant gas shows from the TAGI sandstones. The Company currently estimates a total vertical net gas pay of approximately 28 metres (roughly the same as TE-6, on a vertical basis). The horizontal nature of the well will have significantly increased TE-7's surface area contact with the reservoir which is anticipated to significantly increase the well flow rate. \n \nThe well will now be completed with a 4-1/2\" production tubing, after which the Company will proceed with rigless operations. An extended well test will follow the rigless operations for approximately 70 days to confirm production sustainability and to aid comprehensive field development planning.\n \nAs previously reported, the Company also intends to drill its first outpost well at Tendrara, TE-8, with the objective of both proving up significant additional volumes in the TAGI reservoir whilst also drilling, for the first time, the potentially transformational Paleozoic formation. Whilst the precise location is still under review and subject to regulatory and partner approvals, drilling of TE-8 is expected to commence early 2017.\n \nThis announcement is inside information for the purposes of article 7 of Regulation 596/2014.\n \nFor further information please contact:\n \n\n\n\n\nVigo Communications - PR Adviser\nPatrick d'Ancona\nChris McMahon \nAlexandra Roper\n \n\n\nTel: +44 (0)20 7830 9700\n\n\n\n\nSound Energy\nJames Parsons, Chief Executive Officer \n \n\n\[email protected]\n \n\n\n\n\nSmith & Williamson - Nominated Adviser\nAzhic Basirov\nDavid...