Sound Energy reached flow above expectations at Tendrara
Parsons announced that rigless operations continued at the recently drilled TE-6 (Tendrara) well, onshore Morocco, and that a "significant stable" flow had already been achieved, which was "already significantly above company expectations".
That was despite only 18% of the total reservoir having been accessed and no stimulation having yet been performed.
Following an initial perforation of 5 metres of the 28 metres of net pay, at a depth of between 2,601 and 2,606 metres, the well had achieved a stable flow rate of 1.36 MMscf/d with a choke of 16/64.
The company would next update investors on its progress at Tendrara later in July, European/Mediterranean-focused Sound Oil said in a statement.
CEO James Parsons said: "I am absolutely delighted to report what appears to be an early and potentially very material success at the first of our three Strategic Plays.
"We eagerly await the post stimulation flow rate but I believe the early results of this first well already both prove a material commercial rate at Tendrara and provide significant early clues as to the regional potential of the Eastern Morocco TAGI reservoir." ■