Shares Magazine
Morocco-focused explorer Sound Energy said it had collected encouraging results from the completed the acquisition of 2D seismic program in the east of the north African nation.
The company said it had also finalised the specific location of the TE-10 exploration well, which would target the North East Lakbir prospect and was expected to spud immediately after the drilling of TE-9.
This second well would target a play with previously advised estimated volumes of 2.6 trill cubic feet of gas. ‘The new seismic has also now revealed, in addition to the existing structures targeted by the planned wells, a new large Palaeozoic structure to the North West of the structural-stratigraphic play,’ Sound Energy said.
‘It is believed that the hydrocarbon migration pathways converge into this Palaeozoic structure which, if correct, could be the largest prospect within the entire basin.’
‘The company will include this opportunity as another candidate for the planned third exploration well (TE-11), alongside the significant Palaeozoic oil play in the Anoual licence.’
