Sound Energy PLC (LON:SOU) has given investors additional technical insights with the release of information from pressure build-up analysis in the TE-7 well, onshore Morocco.
The trend observed in the well pressure data over time indicates that higher than previously estimated volumes of gas will be accessible from the well.
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Sound described a continuing increase in pressure towards the original reservoir pressure and the pressure build-up testing has now been extended.
Data recorded to date has led to an increase in Sound’s estimate of gas-originally-in-place (GOIP) connected to the well to at least 115bn cubic feet, up from a prior estimate of at least 40bn.
“The significant increase in the company's estimates of minimum GOIP connected to the TE-7 well provides support for the company's field development plan consisting of a number of horizontal stimulated production wells spaced to optimise recovery,” Sound said in a statement.