Continental Focus, International Reach

Sound Spuds TE-10

Monday, December 10, 2018

Sound Energy has spud the TE-10 well on the Greater Tendrara permit in Morocco. The well is the second of its planned three exploration well campaign in Eastern Morocco.

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

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 with a Sound Energy internally estimated chance of success of 14%.

The 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 2,200 meters and is expected to take between 30 to 40 days.


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