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Sound Energy’s latest Tendrara well results is “extremely promising” - analyst

Sound Energy PLC’s (LON:SOU) latest results from the Tendrara gas discovery in Morocco are described as “extremely promising” by Cantor Fitzgerald analyst Sam Wahab.

The gas flows measured at Tendrara 7 are “well ahead of expectations”, the analyst highlighted in a Proactive Investors interview.

“Prior to the first [Sound Energy] well, Tendrara 6 which was drilled some months back, the company had said anything over 3.5mln cubic feet per day would be commercial for them,”

“It is also important to note that this [result at Tendrara 7] is unstimulated, so we’re still at very early stages of testing but it all bodes well from here.”

Quick facts: Sound Energy PLC

Price: 1.528 GBX

AIM:SOU
Market: AIM
Market Cap: £17.75 m
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Sound Energy entering increasingly busy period with multiple work-streams...

Proactive Investors oil and gas correspondent Jamie Ashcroft spoke to Andrew Scott as shares in the Morocco-focused gas junior Sound Energy PLC (LON:SOU) enjoyed a 25% rise this week after the company issued five stock market statements in five days. The daily communications included...

on 8/6/18

2 min read