Sound Energy PLC (LON:SOU) told investors that it has now completed the first phase of 2D seismic and magneto-telluric (MT) data acquisition for its Eastern Morocco operations.
It is the first of a four-phase programme which is designed to assess the exploration potential of the assets, which will be followed up by drilling.
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The first phase of seismic has looked at the ‘A Structure’ prospect which is located some 25 square kilometres from the Tendrara-5 location.
“The seismic data density and integrity is of the high quality expected and already clearly highlights the 'A' structure,” Sound said in a statement.
“The 'A' structure is expected to be the first target for the company's rapidly approaching three well exploration programme.”
READ: Sound Energy completes exploration survey across Eastern Morocco licences
Sound expects to receive processed fast-track results in January, to support a new competent persons report which is anticipated in the first quarter of the year, meanwhile, a reserves certification is due for the Eastern Morocco project ‘imminently’.
As for the ongoing seismic programme, a total of 445 kilometres have been captured out of a planned 2,800 kilometres.