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Sound Energy zeros in on TE-9 well location

The explorer can now advance the first of three planned exploration wells in the broader Tendrara project area

oil and gas operations
Ground works will shortly be advanced

Sound Energy PLC (LON:SOU) told investors that it has identified and finalised the location for its proposed TE-9 exploration well.

TE-9 will test the A1 exploration prospect in the Tendrara-Lakbir permit, Eastern Morocco.

WATCH: Sound Energy entering increasingly busy period

“The company believes that the additional geophysical and geological analysis undertaken utilising data acquired from the most recent seismic acquisition and processing has sufficiently de-risked the prospect to allow the company to proceed with drilling,” Sound said in a statement.

It now intends to secure necessary approvals and begin site ground works.

The TE-9 well will be the first of three planned wells which will be designed to examine the TAGI primary target as well as underlying Paleozoic as the secondary target.

Quick facts: Sound Energy PLC

Price: 1.461 GBX

AIM:SOU
Market: AIM
Market Cap: £19.38 m
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