8 March 2017
Sound Energy plc
("Sound Energy" or the "Company")
Badile: Drilling Commences
Sound Energy, the African and European focused upstream gas company, is pleased to confirm that drilling of the Badile exploration well, onshore Italy, commenced on 7 March 2017.
The Badile well site is located in Northern Italy, some 15 kilometres to the south of Milan and the exploration well will test the hydrocarbon potential of the Conchodon Dolomite reservoir of Lower Jurassic-Triassic age.
The well is planned to be drilled and logged to a total depth of 4,445m (4,378m total vertical depth) with drilling and logging expected to take approximately 100 days. Assuming gas is encountered, a further 25 days will be required for the completion and testing phase.
The Company looks forward to updating shareholders on achievement of each of the four casing points, being: an 18 5/8" casing at a measured depth ("MD") of approximately 500m, a 16" casing at an MD of approximately 1,400m, a 13 3/8" casing at an MD of approximately 2,600m and a 9 5/8" casing at an MD of approximately 3,513m, and at the last open hole section to the total depth of 4,445m.
For further information please contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper |
Tel: +44 (0)20 7830 9700 |
Sound Energy James Parsons, Chief Executive Officer |
[email protected] |
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes |
Tel: +44 (0)20 7131 4000 |
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White |
Tel: +44 (0)20 7653 4000 |
The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.
