Sound Energy Starts Drilling at Tendrara
; The Company looks forward to updating shareholders on the achievement of each of the three casing points and achievement of TD. The final results of the well will be announced after the end of drilling and testing operations, approximately 80 days after the spud day. James Parsons, Chief Executive, commented, "I am pleased to report that drilling of our first well in Morocco has now commenced. This well is a significant milestone for our Company and we expect it to both unlock Eastern Morocco's regional gas play and significantly broaden Sound Energy's resource
Sound Energy Reports Progress On Moroccan, Italian Licences
the drilling from the onshore) was planned to be classified as an offshore well, the Company now plans to work with the permitting authorities in Italy to change the classification to an on-shore well and therefore avoid any potential negative consequences from the changing offshore legislation. James Parsons, Sound Energy's Chief Executive Officer, commented, "Sound Energy's near term operational programme includes first commercial production at Nervesa, two wells at Tendrara and a first well at Badile. We also expect to announce shortly the continued broadening of our balanced portfolio
Sound Oil's Nervesa gets EIA Approval
from the Veneto Region for the second Nervesa appraisal well, which will seek to confirm and develop the Southern discovery. The drilling authorisation from the Italian Ministry of Economic Development is expected later this month and operations on site are ready to commence. James Parsons, Sound Oil's Chief Executive Officer commented, "Nervesa remains a flagship project for Sound Oil with an estimated NPV10 of circa US$66 million. The drilling of the next well commences shortly and will signal the start of an exciting period of back-to-back drilling with the Badile well
February 2024
