Sound's Tendrara Well Flows Gas

Sound Energy, the UK-based Morocco and Italy explorer, announced July 11 first gas flows from its first Tendrara well (TE-6) in onshore northeast Morocco. By 9am its share price firmed by some 12% on the news, compared with the same time July 8.

It had said June 6 that the well reached its target vertical depth of 2,665 metres and encountered some 28 metres of net gas pay in the TAGI reservoir.

On July 11 it said that, after an initial perforation of 5 metres of the net pay – between 2,601 and 2,606 metres – the well achieved a stable flow rate of 1.36mn ft³/d with a choke of 16/64". It added that rigless operations continue and that the results are already significantly above its expectations “as a significant stable flow has already been achieved, despite only having accessed so far 18% of the total reservoir and no stimulation having yet been performed.”  It said that it will now complete the rest of the rigless operation, and expects to announce the results later this month.

Sound Energy CEO James Parsons (shown below) said: “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."

Sound Energy CEO James Parsons (Photo credit: Sound Energy)

In early July the company said that a partner investor had made a non-binding offer to fund and build a gas pipeline of roughly 120km to connect Tendrara to the Maghreb Europe Pipeline (GME).

Mark Smedley