Continental Focus, International Reach

Preliminary Results on Tendrara Well Positive

Thursday, January 3, 2019

Sound Energy saw positive preliminary results of intermediate wireline logs on its TE-10 well in Morocco. The initial results indicate the presence of gas bearing sands in the TAGI.

James Parsons, CEO of Sound Energy, commented, “These positive initial results underscore our confidence in the exploration potential across the broader basin. We will now finalize the logging, drill to TD and then test the well to better understand the scale of the discovery and seek to confirm commercial flow rates.”

Sound is currently part way through its three-well exploration program on the Tendrara Area. The drilling program is designed to explore three geologically-independent plays and to establish the potential of the basin. The TE-10, the second well in the program, was designed to target both a material TAGI stratigraphic trap and a smaller TAGI structural closure in the company’s Greater Tendrara permit.

The well is located approximately 25 kms to the northeast of the recently awarded Tendrara production concession, which contains the TE-5 Horst discovery unlocked by Sound Energy in 2016-17.

The TE-10 well has, so far, been drilled to 2,098.5 meters total measured depth, penetrating the top of the TAGI sand sequence at a measured depth (MD) of approximately 1,892 meters.

Based on cuttings and the results of preliminary wireline interpretation, there is a potential gross reservoir interval from 1,899 meters MD to 2,009 meters MD. Preliminary interpretation of the intermediate wireline log data currently acquired indicates thinly bedded gas bearing intervals within the gross section, with initial estimates of net pay (based on various conservative assumptions) of up to 10.5 meters and an average porosity of 8%.

After completion of the intermediate logging program, Sound plans to drill the remaining TAGI section to total depth just beneath the Hercynian Unconformity and then perform a well test, including possible mechanical stimulation.  The Company will also initiate seismic analysis to establish the company’s internal estimated gas resources of the structural closure and the upside potential of the North East Lakbir stratigraphic trap.

Ground works for the drilling of the third well in the exploration program, the TE-11, are expected to commence after the TE-10 well test.