Sound Energy’s roadmap to production in Morocco

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Sound Energy’s roadmap to production in Morocco
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07:00 06 Oct 2016
The document ‘road-maps’ development, starting with the horizontal well, TE-7, followed by TE-8, which will test the extent of the gas opportunity.
Sound Energy’s roadmap to production in Morocco

Sound reveals just when it expects to turn on the taps.

Sound Energy PLC (LON:SOU) is hoping to produce its first commercial gas from the Tendrara property in Morocco in the first half of 2019, according to a corporate presentation, uploaded to the company’s website.

The document ‘road-maps’ development, starting with the horizontal well, TE-7, followed by TE-8, which will test the extent of the gas opportunity.

According to the updated literature the near-term potential of the asset could be anywhere up to 3-4 trillion cubic feet of gas.

Flow rates from Te-6, Sound’s first well on the Tendrara acreage, impressed both the management and the wider investment community.
Flow rates better than expected

Finance director Mary Hood in a recent Proactive Investors interview said: “Did the multi-TCF potential surprise us?

“No, it didn’t, but, what we were looking for was a commercial flow rate of say 3 to 3.5 million scuffs [standard cubic feet or ‘scf’] per day, and what we’ve actually got from that first well, the T6 well, is a flow rate of 17mln scuffs per day.”

She added: “It definitely surpassed our expectations.”

Tendara could be a far larger regional play as it also has a 55% interest in the neighbouring Meridja permit.

Both are within 75 miles of a gas pipeline that plugs Algeria and Morocco into the main gas grid of Spain and Portugal, the presentation pointed out.

Sound Energy has been one of the in-form stocks of 2016 and is up 400% since the start of July on the back of its success in Morocco.


http://www.proactiveinvestors.co.uk/...co-166953.html

[upup]

3-4 trillions de pieds cube ça fait vers les 70 milliards de m3....
En attendant d autres gisements de gaz plus important dans la région..

[haddou]

La consommation du Maroc est de moins de 5 milliards de mètres cubes par an

[Infinit9]

Ca serait magnifique s"ils trouvent juste de quoi satisfaire les besoins domestiques. pas plus

[upup]

Forte probabilité que le "Meridja permit" recèle des centaine de milliards de m3.

[MEC213]

Cette annonce parue ya 3 mois (juin 2016)

Sound Energy PLC (LON:SOU) is hoping to produce its first commercial gas from the Tendrara property in Morocco in the first half of 2019, according to a corporate presentation, uploaded to the company's website.

The document 'road-maps' development, starting with the horizontal well, TE-7, followed by TE-8, which will test the extent of the gas opportunity.

According to the updated literature the near-term potential of the asset could be anywhere up to 3-4 trillion cubic feet of gas.

Flow rates from Te-6, Sound's first well on the Tendrara acreage, impressed both the management and the wider investment community.
Flow rates better than expected

Finance director Mary Hood in a recent Proactive Investors interview said: 'Did the multi-TCF potential surprise us?

'No, it didn't, but, what we were looking for was a commercial flow rate of say 3 to 3.5 million scuffs [standard cubic feet or 'scf'] per day, and what we've actually got from that first well, the T6 well, is a flow rate of 17mln scuffs per day.'

She added: 'It definitely surpassed our expectations.'

Tendara could be a far larger regional play as it also has a 55% interest in the neighbouring Meridja permit.

Both are within 75 miles of a gas pipeline that plugs Algeria and Morocco into the main gas grid of Spain and Portugal, the presentation pointed out.

Sound Energy has been one of the in-form stocks of 2016 and is up 400% since the start of July on the back of its success in Morocco.

[upup]

Et


Sound Energy drills new Tendrara hole to almost 3,500 metres

07 Oct, 2016

Europe and Africa-focused upstream gas company Sound Energy announced on Friday that TE-7, the second well at its Tendrara licence, onshore Morocco, has now been successfully drilled to total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres.
The AIM-traded firm said it has successfully completed a 700 metre sub horizontal drill through the TAGI reservoir.
Consistent with those seen in the drixlling of TE-6, Sound said it has observed significant gas shows from the TAGI sandstones.
The company currently estimates a total vertical net gas pay of approximately 28 metres - roughly the same as TE-6, on a vertical basis.
“The horizontal nature of the well will have significantly increased TE-7's surface area contact with the reservoir which is anticipated to significantly increase the well flow rate,” the board said in a statement.
“The well will now be completed with a 4-1/2" production tubing, after which the company will proceed with rigless operations.
“An extended well test will follow the rigless operations for approximately 70 days to confirm production sustainability and to aid comprehensive field development planning,” it added.
As previously reported, Sound Energy said it also intends to drill its first outpost well at Tendrara, TE-8, with the objective of both proving up significant additional volumes in the TAGI reservoir whilst also drilling, for the first time, the potentially transformational Paleozoic formation.
“Whilst the precise location is still under review and subject to regulatory and partner approvals, drilling of TE-8 is expected to commence early 2017.”

[Peace and love]

Le Maroc s'est peut-être précipité en scellant des accords sur le long terme pour l'approvisionnement en gaz, notamment avec la Russie

[ecoyoussef]

Au contraire, il faut mieux être prêt pour toute éventualité. L'énergie c'est pas un secteur ou on donne sa tête au premier venu, une courte période de pénurie ou de délestage te fout une econmie en l'aire.