Sound Energy Confirms Gas Discovery in Eastern Morocco
Sound Energy, which is a member of London’s junior market, said in a statement that the discovery took place in the first Tendrara Well TE-6 drilled to a measured vertical depth of 2,665 meters.
The gas discovery was described as “significant” as it flows at a highly commercial rate of 28 meters of net gas pay, said the company.
The company will now press on with its second well in the license area and is planning a third for later in the year.
“I am absolutely delighted to confirm a material commercial gas discovery at Tendrara,” said James Parsons, Sound’s chief executive.
He said Tendrara together with the adjacent Meridja permit area, in which Sound also has a stake, “have the potential to be a material hydrocarbon province on a regional scale and therefore to transform both Sound Energy and the Moroccan gas industry.”
Sound’s partners on Tendrara include the American oilfield services giant Schlumberger and Morocco’s Oil & Gas Investment Fund. The explorer also has assets in Italy.