Aberdeen Journal
Written by Rita Brown
UK based Sound Energy this morning doubled its estimates for first phase volumes from its Moroccan play.
It comes after it completed the drilling of its third well at Tendrara in Eastern Morocco, TE-8, achieving Target Depth at 3,120 metres.
Chief executive James Parsons said: “I am delighted to confirm our third well in Eastern Morocco as the definitive Paleozoic play opener with thick Westphalian sands which should be producible across the region.
“Despite a relatively tight TAGI reservoir, the confirmation of the Gas Water Contact at 1,350 metres has enabled the Company to double its internal TAGI estimates and materially increase first phase development volumes.
“We eagerly look forward to commencing the 2D exploration seismic programme in August and continuing operations in Eastern Morocco once we have finished at Sidi Moktar.
“In the meantime, we are focused entirely on the rapidly approaching results at Badile and Sidi Moktar.”
Separately, the firm appointed Brian Mitchener, Sound Energy’s executive vice president of exploration, to the Sound Energy board of directors as exploration director.
