Sound Energy PLC (LON:SOU) Eastern Morocco: Commencement of Drilling at TE-10

Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.

The TE-10 well will test the North East Lakbir prospect in the Company’s Greater Tendrara permit and is located approximately 25 kilometres to the northeast of the recently awarded Tendrara production concession.

@soundenergyplc

The well is designed to test both a material TAGI stratigraphic trap and a smaller TAGI structural closure. The North East Lakbir stratigraphic trap has updated mid case potential on a gross (100%) basis of 2.7 Tcf GOIP (4.5 Tcf GOIP upside case and a 1.5 Tcf GOIP low case) with a Sound Energy internally estimated chance of success of 14%. TE-10 lies within the stratigraphic trap, located on a smaller structural closure which has a mid case potential, on a gross (100%) basis, of 128 Bcf gas originally in place (“GOIP”) (210 Bcf GOIP upside case and a 75 Bcf low GOIP case) with a Sound Energy internally estimated chance of success of 26%.

The well is expected to be drilling to a total depth at approximately 2,200m and is expected to take between 30 to 40 days.

Further announcements will be made, as appropriate, in due course.

 


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