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Sound Energy completes first phase of Morocco programme

By BFN News | 09:56 AM | Thursday 14 December, 2017


Sound Energy has completed the first phase of the 2D seismic and magneto-telluric (MT) acquisition in Eastern Morocco. The four-phase programme includes eight 2D seismic lines over the A Structure located 25km north-west of TE-5 Horst. The seismic data already highlights the A structure, which is expected to be the first target for the company's rapidly approaching three well exploration programme. The MT has a high signal to noise ratio and will provide another independent measure of basin geometry and subsurface rock properties to complement the 2D seismic and the newly acquired airborne FTG gravity gradiometry and magnetic datasets which completed in November. The 2D seismic and MT data collected has now been despatched to the WesternGeco processing centres for fast-track processing and evaluation. The company expects to receive processed results in January to support the first CPR currently scheduled for completion during Q1 2018. This is in addition to the Reserves Certification which is expected imminently. At 9:56am: (LON:SOU) Sound Energy PLC share price was +0.63p at 52.38p Story provided by StockMarketWire.com

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