Business
Demobilisation of Rig for Work Over Operations
Demobilisation of Rig for Work Over Operations.
About this update from Sound Energy Plc
25 th June 2024 Sound Energy plc ("Sound Energy", the "Company" and together with its subsidiary undertakings the "Group") Demobilisation of Rig for Work Over Operations at Tendrara Sound Energy, the transition energy company, is pleased to announce the release and demobilisation of the Star Valley Rig 101 having conducted planned work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro LNG plant currently under construction at site by Italfluid Geoenergy S.r.l. The works were completed safely with no recordable incidents. The Company thanks the dedication and professionalism of our contractors and suppliers, and the Office National des Hydrocarbures et des Mines ("ONHYM") for their ongoing partnership and support. The Company has successfully pulled the existing completion tubing in both TE-6 and TE-7 and run new corrosion resistant completion tubing into TE-6 which is now available to supply gas to commission the micro LNG plant which construction is anticipated to be completed later this year. The rig is currently stacked at the TE-7 site, at no on-going cost to the Company, whilst the Company awaits additional wellhead equipment to complete the running of the new completion tubing into TE-7. Further announcements will be made, as appropriate, in due course. For further information visit www.soundenergyplc.com follow on X @soundenergyplc, LinkedIn, or contact: Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Alison Allfrey Tel: 44 (0)20 129 1474 [email protected] Sound Energy Graham Lyon, Executive Chairman [email protected] Cavendish Capital Markets - Nominated Adviser Ben Jeynes Peter Lynch Tel: 44 (0)20 7220 0500 Zeus - Broker Tel: 44 (0)20 3829 5000 Simon Johnson Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft Tel: 44 (0)20 3983 9263 END