Sound Energy Confirms Significant Gas Discovery in Morocco

Sound Energy, the European / Mediterranean focused upstream gas company confirmed a significant gas discovery and a potential single gas column at the Company's Tendrara licence, onshore Morocco.
 
The first Tendrara well, TE-6, was drilled to a depth of 2,665 metres and encountered the top of the structure and approximately 28 metres of net gas pay in the TAGI reservoir.
 
Having completed operations on 7 August 2016 a stabilized gas flow rate, post stimulation, of 17.0 MMscf/d (0.5 million scm/d) was achieved, which is significantly above expectations. This It represents a highly commercial rate,
 
The Company also reported a reservoir bottom hole pressure of 420 bars and that the static pressure recorded in the well correlates, in terms of gas gradient, with all of the wells previously drilled in the licence area.  The combination of these factors together with the fact that none of the historically drilled wells on the licence have identified a gas/water contact, suggests the possibility of a significant gas column within a continuous extended structure.  This structure may include and extend beyond the reservoir identified at TE-2, some 30km to the North East.
 
The Company has a net effective interest of 27.5% in the Tendrara licence.