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Sound Energy new Tendrara well nears main target

The exploration well seeks to add yet more resources to the Tendrara gas project, where past drilling proved particularly successful

oil and gas operations
The well reached about 2,210 metres

Sound Energy PLC (LON:SOU) has marked off ‘milestone’ in its drill programme for the TE-9 exploration well at the Tendrara gas project in eastern Morocco.

The well has reached the second casing point, at a depth of 2,210 metres, and the casing has been set in Triassic shales above the proposed TAGI reservoir (the main target for the well).

READ: Sound Energy shares in demand amid new Morocco drill programme

“The company looks forward to updating investors on the achievement of total depth,” Sound said.

TE-9 is part of a multi-well exploration programme which is expected to dovetail with field development activities, designed to bring the existing Tendrara gas discoveries into a commercial operation.

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Price: 3.825 GBX

AIM:SOU
Market: AIM
Market Cap: £41.3 m
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