Sound Energy (SOU)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.88p
   
  • Change Today:
      0.043p
  • 52 Week High: 1.93p
  • 52 Week Low: 0.64p
  • Currency: UK Pounds
  • Shares Issued: 1,993.12m
  • Volume: 253,317
  • Market Cap: £17.44m
  • RiskGrade: 409

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Sound Energy reports better-than-expected flows at Tendrara

By Josh White

Date: Wednesday 02 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Europe and Africa-focused upstream gas company Sound Energy updated the market on Wednesday in relation to TE-7, its second well at the Tendrara licence area, onshore Eastern Morocco.
The AIM-traded firm had announced on 7 October that the well had been drilled to a total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres.

It said the well has a total contact length through the TAGI reservoir of some 837 metres, including a 700 metre sub-horizontal section.

The company said it 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," its board said in a statement.

"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."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sound Energy Market Data

Currency UK Pounds
Share Price 0.88p
Change Today 0.043p
% Change 5.17 %
52 Week High 1.93p
52 Week Low 0.64p
Volume 253,317
Shares Issued 1,993.12m
Market Cap £17.44m
RiskGrade 409

Sound Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.04% above the market average78.04% above the market average78.04% above the market average78.04% above the market average78.04% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Price Trend
48% below the market average48% below the market average48% below the market average48% below the market average48% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income Not Available
Growth
30.14% above the market average30.14% above the market average30.14% above the market average30.14% above the market average30.14% above the market average
11.54% below the sector average11.54% below the sector average11.54% below the sector average11.54% below the sector average11.54% below the sector average

Sound Energy Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:28 589 @ 0.85p
15:06 63,436 @ 0.85p
15:06 3,700 @ 0.85p
15:04 116,974 @ 0.85p
14:22 15,175 @ 0.85p

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