First gas for Sound Energy's Nervesa project

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Sharecast News | 04 Feb, 2016

Updated : 16:17

One of Sound Energy's projects hit a major milestone on Thursday, with the revelation that the company's onshore Nervesa gas discovery had reached first gas.

The AIM-traded upstream gas company with a focus on the Mediterranean said the Nervesa discovery was drilled successfully by the company in 2013, and benefited from a gas sales agreement with the Shell Group.

"First gas at Nervesa is a landmark event for the company, providing energy to a robust domestic market and further underpinning our broader Mediterranean expansion", said chief executive James Parsons.

A further announcement confirming production rates would be made after the initial clean-up phase was completed, and the stable flow rate had been assessed.

Sound Energy's webcam would now depart Italy for Morocco, where it was approaching its first well at the Tendrara licence.

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