A fantastic 2016 for Sound Energy as the graph below shows. Zippo action with no doubt some keen accumulation by the silent savvy during this phase.  whilst the bulletin boards had their usual toll of de-ramping  ‘I told  you so’s ;-).  He who laughs last and all that .. and then kaboom! Congratulations to all the shareholders who held on for the Tendrara 7 success. No doubt there is more oil exploration success to come in Morocco.

At the point of drilling you could have got them for around 30p, and if you had been accumulating you could have got them for 12-16p. A  nice multi bagger for sure.

And courtesy of guerrilla investing …

 

“Sound Energy, the European and African focused upstream gas company is pleased to provide the following update in relation to TE-7, the Company’s second well at the Tendrara licence area, onshore Eastern Morocco.

 As announced by the Company on 7 October 2016, the Company’s second Tendrara well (TE-7) was drilled to a total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres.  The well has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metres sub-horizontal section.

 The Company has now completed TE-7  and performed an initial, unstimulated, open hole well test of the first 28% of the gross reservoir interval. After 24 hours of continuous flow with a 32/64 choke, a rate of 8.8 MMscf/d was achieved with strong pressure build up post test. The rate is significantly better than the Company’s estimates

The Company will now complete the planned mechanical stimulation and well test of the entire sub-horizontal section.  The post stimulation flow rate results are expected mid November 2016.  Thereafter the Company will initiate the planned Extended Well Test to confirm production sustainability and to aid comprehensive field development planning.

 This announcement is inside information for the purposes of Article 7 of Regulation 596/2014″