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Sound Energy updates on Badile

By BFN News | 09:59 AM | Wednesday 14 June, 2017


Sound Energy said the Badile exploration well, onshore Italy, 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-inch hole section had now been temporarily paused, ahead of running the 7-inch liner, after which drilling will continue to the bottom of the reservoir. The company cautioned that gas shows, despite being a positive initial indication, should not be considered conclusive until drilling and logging was complete. At 9:59am: (LON:SOU) Sound Energy PLC share price was +1.63p at 72.88p Story provided by StockMarketWire.com

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