Proactive Investors - Run By Investors For Investors

Sound Energy counts down to Tendrara well spud next week

The new drill programme is expected to start next week.
oil and gas operations
The drill programme is due to last 35-45 days

Sound Energy PLC (LON:SOU) gave investors an update on its operations in Morocco and said that it knows no operational or corporate reason for the recent fall in the share price.

It revealed that the rig-up process is now complete and final preparations for the spudding of the TE-9 exploration well, which is due to spud next week.

READ: Sound Energy ready for next “potentially transformational” drilling

The well will be drilled down to a depth of 3,022 metres and the drill programme is due to last for 35 to 45 days.

Sound said it intends to update investors on the achievement of each of the two casing points, and when the well reaches total depth - it is planned that a live webcam broadcast will be made available on the Sound Energy website.

Additionally, the company has begun ground works for the TE-10 well.

The company, in the statement, also noted that it continues to make strong progress on a gas sales deal for a development project in its Eastern Morocco area, following ministerial meetings earlier this week.

Elsewhere, in relation to the Southern Morocco portfolio, Sound noted that the process to farm-out a stake in the Sidi Moktar project is continuing, and, it is now in talks with remaining third parties and it expects to update the market in due course.

View full SOU profile View Profile

Sound Energy PLC Timeline

Related Articles

oil rig
May 16 2019
Zubair Corporation will pay US$5mln in two tranches to develop Ntorya
Egypt
April 08 2019
The South Disouq project has been pushed back towards the end of 2019
oil and gas operations
July 03 2018
Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose Petroleum
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use