Update re Badile

RNS Number : 0015I
Sound Energy PLC
14 June 2017
 

14 June 2017

Sound Energy plc

("Sound Energy" or the "Company")

 

Update re Badile

 

Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.

 

The Badile well has reached the primary Conchodon dolomitic reservoir target at 4,375m measured depth ("MD").  Significant gas shows were encountered at 4,375m MD. Gas chromatograph data indicated C1 (methane) to C5 (pentane) gas components.

 

Drilling in the 8.5" hole section has now been temporarily paused, ahead of running the 7" liner, after which drilling will continue to the bottom of the reservoir. The Company cautions that gas shows, despite being a positive initial indication, should not be considered conclusive until drilling and logging is complete.

 

A further announcement will be made, as appropriate, in due course.

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer 

 

j.parsons@soundenergyplc.com

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: +44 (0)20 7131 4000

RBC - Broker

Matthew Coakes

Martin Copeland

Laura White

Tel: +44 (0)20 7653 4000

 

The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.

 

 

 

 

 

 

 

 

 


This information is provided by RNS
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