Sound Energy starts drilling on Moroccan well
European/Mediterranean focused upstream oil and gas company Sound Energy said it had started drilling of the first well at Tendrara, onshore Morocco.
FTSE AIM All-Share
728.67
15:45 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Sound Energy
0.72p
10:04 15/11/24
Sound said the well was spud on 20 April and drilling was expected to reach a total measured depth of 2640 metres.
The final results of the well will be announced after the end of drilling and testing operations, approximately 80 days after the spud day.
"I am pleased to report that drilling of our first well in Morocco has now commenced. This well is a significant milestone for our company and we expect it to both unlock Eastern Morocco's regional gas play and significantly broaden Sound Energy's resource base," said chief executive James Parsons.