Sound Energy PLC (LON:SOU) told investors that a survey of its acreage in Eastern Morocco has now been completed.
The explorer conducted both airborne full tensor gravity gradiometry (FTG) and magnetic data acquisition programmes, with contractor AustinBridgeporth flying some 26,700 kilometres to cover a 22,800 square kilometre area including the Tendrara field and the Matarka and Anoual exploration areas.
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Along with a new seismic programme, which is currently underway, the surveys were commissioned to give the company a ‘better understanding of the subsurface structure and sedimentary succession.’
“The company confirms receipt of a preliminary high resolution FTG and magnetic dataset, delivered on schedule and to budget, with highly encouraging results,” Sound said in a statement.
“Critically, these results include the delineation of previously unrecognised subsurface features and a clearer view of the deeper structure across the three licences.”
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“The preliminary data provides a far more detailed view of a deep, thick Paleozoic basin extending over the three permit areas, bounded by a series of NE-SW and NNE-SSW faults.
“The NNE-SSW fault trend is coincident with the Paleozoic anticline identified on 3D seismic beneath the TE-5 Horst (the possible third well location in the 2018 exploration programme). Other similar fault trends may indicate further Paleozoic potential.”
Sound said that further data interpretation work will be complete by mid-December at which point it expects to have a better understanding of the exploration potential across its Eastern Morocco asset base.