Sound Energy Company Flares Gas in Successful Test in Morocco

UK Sound Energy Company has reported success in its operations carried out in Koba-1 well at Sidi Moktar, onshore in Morocco. The company engineers have successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir (historically the main producing reservoir in the Kechoula discovery).

A five meter interval was perforated in the Argovian reservoir at a measured depth of 1406 meters 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.

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.

The Company believes the Sidi Moktar licenses also contain significant pre-salt potential and notes the quantitative assessment prepared by a previous operator in 1998 which referred to exploration potential of the Sidi Moktar licenses of up to 9 Tcf unrisked gas originally in place (gross) in the TAGI and Paleozoic.

James Parsons, Sound Energy’s Chief Executive Officer said: “We are delighted by this early success at the Kechoula discovery and look forward to both the extended well test and to unlocking the deeper, and much larger, pre-salt potential in the future”.

He also said that the company’s attention “turns back to our very significant position in Eastern Morocco where we are preparing for further near term drilling and seismic.”