StockMarketWire.com
Sound Energy confirms the signature of a binding agreement for the acquisition of a further 50% operated interest in three onshore gas permits located in Morocco (together the "Sidi Moktar Licences") from PetroMaroc Corporation.

It also confirmed the signature of Heads of Agreement for a farm out of Sidi Moktar to Culebra Petroleum Ltd ("Culebra Petroleum") via a partial sale of an intermediate subsidiary of Sound Energy.

The Sidi Moktar Licences cover 2,700 square kilometres in the Essaouira basin, central Morocco and contain a material existing gas discovery in the Lower Liassic ("Kechoula").

Two wells have already been drilled at Kechoula and a near term extended well test is awaited prior to expected commercial production.

Kechoula is close to existing infrastructure and has been estimated to have an unrisked mid case GOIP of 293 Bscf (100% working interest). The Sidi Moktar Licences are also estimated to have significant (in excess of 1 Tcf of unrisked mid case GOIP; 100%) Triassic exploration potential.

Met James at one of our evening events last week, sound guy!!

Tendara rig 47% complete



http://www.soundenergyplc.com/

Image of a rig in same spot in 2006 when Maghreb Petroleum Exploration found gas there




http://wellengineering.nl/wep-projects/maghreb-petroleum-morocco-gas-exploration-wells/nggallery/image/overview-2

Hmm at the moment I am glad I hung on to my shares. However an AIM share with a hole in the ground is a recipe for volatility.

Top riser this morning and more to come.

:)

Martini: Think we are in the money:-)

Tendrara Update


Sound Energy, the European / Mediterranean focused upstream gas company is pleased to provide the following update in relation to the Company's Tendrara licence area, onshore Morocco.

As announced by the Company on 6 June 2016, the first Tendrara well (TE-6) was drilled to a measured vertical depth of 2,665 metres and encountered approximately 28 metres of net gas pay in the TAGI reservoir.

The Company confirms that rigless operations continue and that the results are already significantly above Company expectations as a significant stable flow has already been achieved, despite only having accessed so far 18% of the total reservoir and no stimulation having yet been performed.

After completing the initial perforation of 5 metres of the 28 metres of net pay (between 2,601 and 2,606 metres) the well achieved a stable flow rate of 1.36 MMscf/d with a choke of 16/64".

The Company will now complete the remainder of the rigless operation, after which the results will be announced. The results are expected later this month.

James Parsons, Sound Energy's Chief Executive Officer, commented:

"I am absolutely delighted to report what appears to be an early and potentially very material success at the first of our three Strategic Plays.

We eagerly await the post stimulation flow rate but I believe the early results of this first well already both prove a material commercial rate at Tendrara and provide significant early clues as to the regional potential of the Eastern Morocco TAGI reservoir."


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

Not quite a gusher yet :)

45p is the next calling station. So much potential in the pipeline. Good luck to all holders.

If the next call was 45p we would all be jumping on this, this could go either way when the results of the drilling are fully out. These oilers are a big gamble take a look at GKP

This is not GKP. 45p within 10 days.

it could reach 45p 2 days early.

told ya

Ya did :)

Nice;-)

60p this morning incredible.

Well done for holders of sound. :-))

Sold half and running the rest. Never a bad thing to take some profit.

Very wise, unless you did like me and sold way too soon!!😒

I don't think the world could take two of you. lol

StockMarketWire.com
Sound Energy has confirmed a significant gas discovery and a potential single gas column at its Tendrara licence, onshore Morocco. As previously announced, the first Tendrara well, TE-6, was drilled to a measured vertical depth of 2,665m, encountered the top of the structure and approximately 28m of net gas pay in the TAGI reservoir.

The company has now completed operations and is delighted to announce that it has on 7 August 2016 achieved a stabilized gas flow rate, post stimulation, of 17.0 MMscf/d (0.5 million scm/d).

"This is significantly above initial expectations and represents a highly commercial rate," Sound Energy said in a statement.

"The Company is also very pleased to report a reservoir bottom hole pressure of 420 bars and that the static pressure recorded in the well correlates, in terms of gas gradient, with all of the wells previously drilled in the licence area."

The combination of these factors together with the fact that none of the historically drilled wells on the licence have identified a gas/water contact, suggests the possibility of a significant gas column within a continuous extended structure.

This structure may include and extend beyond the reservoir identified at TE-2, some 30km to the North East. A further well (the Company's third well - TE-8) will be required at the edge of the potential structure to confirm this and is now being planned for later this year.

The Company, together with Schlumberger, is now preparing for the second well at Tendrara (TE-7, located approximately 1.3km from TE-6) using sub-horizontal drilling techniques which are expected to significantly increase the individual well flow rate in a success case.

This will be followed by an extended well test. The rig-up process at TE-7 is already complete and drilling is expected to commence during August 2016.

TE-6 will be suspended until the results of TE-7 are confirmed.