Continental Focus, International Reach

Sound Receives CPR for Morocco

Tuesday, June 5, 2018

Sound Energy received its final CPR in relation to the A1 prospect for the Tendrara-Lakbir permit in Eastern Morocco. According to Sound, the CPR is entirely consistent with, and confirms, the preliminary CPR results previously announced by the company on April 26.

The CPR was conducted by RPS Energy Consultants and is the first in a series of CPRs planned across its Eastern Morocco acreage following the acquisition of new 2D seismic and can be found on the company’s website.

The first well on the prospect (TE-9), is intended to drill both the TAGI as the primary target and potentially similar scale volumes in the underlying Palaeozoic as the secondary target.  The scope of the CPR was designed to only cover the Triassic TAGI reservoir and any future volume estimates for the deeper Palaeozoic prospectivity will be the subject of separate review.

Sound plans to further de-risk the prospect through geophysical and geological analysis utilizing data acquired from additional seismic processing. Following sufficient de-risking through this analytical process, it intends to secure partner approvals and then commence ground works.

James Parsons, Sound Energy’s CEO, commented, “I am delighted to report that Sound Energy is now poised to enter a period of intensive news flow as we de-risk the development of our existing discovery and finalize preparations for the exploration drill program. Success at TE-9, our planned first well, could unlock significant value for Sound and our partners, reduce the risk on nearby leads, and increase further our overall confidence in the broader TAGI Structural Play trend.”


« GO BACK