London South East
Alliance News
Upstream gas company Sound Energy PLC said Thursday it has completed drilling of a third well at its Tendrara project in Morocco, as well as reaching the second casing point of an exploratory well at its Badile prospect in Italy.
Sound Energy said it has completed the drilling of the TE-8 well at the Tendrara licence, to a target depth of 3,120 metres of measured depth. Further gas shows were observed during drilling operations, although Sound Energy noted this is only a “positive initial indication”.
The company will now begin a full data acquisition program of five wireline logging runs, including pressure and fluids sampling acquisition, before announcing the results of the well.
Sound Energy also said it has drilled its Badile exploration well to its second casing point at a measured depth of 1,407 metres, with the casing now being set and cemented. This will be followed by drilling to the third casing point at a measured depth of approximately 2,600 metres.
Shares in Sound Energy were down 1.0% at 83.90 pence Thursday.
By Adam Clark; adamclark@alliancenews.com
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