Sound Energy updates on TE-7 flow rate

Sound Energy confirmS a successful second well at its Tendrara licence, onshore Morocco.

As announced by the Company on 7 October 2016, the Company’s second Tendrara well (TE-7) was drilled successfully to a total measured depth of 3,459 metres, corresponding to a vertical depth of 2,611 metres.

TE-7 has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section.

The Company has now completed operations and is pleased to announce that it has achieved a gas flow rate towards the end of the clean up process, post stimulation, of 32 MMscf/d with a flowing tubing head pressure of 230 bar on a choke of 40/64.

This rate is significantly above the Company’s pre-drill expectations. Based on the clean up phase, the well’s potential is predicted by the Company to be significantly above 40 MMscf/d with a 50% drawdown.

The Company will now proceed with the planned extended well test of TE-7 to confirm production sustainability and to aid comprehensive field development planning.

The TE-7 bottom hole reservoir pressure and its correlation with the gas gradient of the other Tendrara wells will be announced after conclusion of the the extended well test.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

At 9:15am: (LON:SOU) Sound Energy PLC ORD 1p share price was -1.5p at 80p

Story provided by