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Sound Energy notes success to date of ops at Koba-1

By BFN News | 07:26 AM | Wednesday 05 July, 2017


Sound Energy reports the success of operations to date at the Koba-1 well at Sidi Moktar, onshore Morocco. It had successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir (historically the main producing reservoir in the Kechoula discovery). A 5m interval was perforated in the Argovian reservoir at a measured depth of 1406 metres where the static pressure was measured at 98 bar, confirming a producible gas accumulation. "The Company has now temporarily suspended the well in preparation for a rigless extended well test - after which the Company hopes to move rapidly to production," said Sound Energy. "The Koba-1 well, drilled at the crest of the Kechoula discovery, is close to existing infrastructure and gas demand, including the large scale Moroccan state owned OCP Phosphate plant." Sound Energy said it believed the Sidi Moktar licences also contained significant pre-salt potential and notes the quantitive assesment prepared by a previous operator in 1998 which referred to exploration potential of the Sidi Moktar licences of up to 9 Tcf unrisked gas originally in place (gross) in the TAGI and Paleozoic. "The company will require the reprocessing of existing 2D seismic, acquisition of new 2D seismic and drilling results before forming its own volume estimates for the exploration potential of the Sidi Moktar licences." Sound Energy also advised that due to poor quality cement bonding across the Lower Liassic in the Koba-1, and likely the Kamar-1, wells, the Company no longer intended to immediately re-enter the Kamar-1 well (subject to agreement with the regulatory authorities). The Lower Liassic at Kechoula would therefore be evaluated at a later date together with the deeper pre-salt. As a result, the rig will be immediately released from Sidi Moktar and will likely return to the Company's licences in Eastern Morocco. Story provided by StockMarketWire.com

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