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Tuesday, July 12, 2016
Sound Energy provided an update in relation to the company’s Tendrara License onshore Morocco. As previously reported Sound’s first Tendrara well (TE-6), was drilled to a measured vertical depth of 2,665 meters and encountered approximately 28 meters of net gas pay in the TAGI reservoir.
The company confirmed that the rigless operations continue and that the results are already significantly above its expectations. Sound is seeing significant stable flows, despite only having accessed 18% of the total reservoir so far with no stimulation having yet been performed.
After completing the initial perforation of 5 meters of the 28 meters of net pay, the well achieved a stable flow rate of 1.36 Mscf/d.
The remainder of the rigless operation are being completed, after which the results will be announced.
James Parsons, Sound Energy’s CEO 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.”
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