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    Sound Energy Says Results For TE-5 Horst Resources In Line With Views

    21 Dec 2017

    African and European upstream gas company Sound Energy PLC said Wednesday that results of the resources certification for TE-5 Horst's core volumes on the Tendara asset, onshore Morocco, were mostly in line with internal estimates.

    The results of the certification includes volumetric estimates for the TAGI-1 and TAGI-2 reservoir units in the TE-5 Horst. In May, Sound Energy estimated a mid-case gross gas originally in place of 0.63 trillion cubic feet.

    The certification reported a mid case gas originally in place for TE-5 Horst of 0.65 trillion cubic feet, and a 2C contingent resource of 377 billion cubic feet of gas.

    The certification was undertaken by RPS Energy Consultants Ltd on an area of 250 square kilometres, equal to 1.0% of the total Eastern Morocco permit area of 23,500 square kilometres, and will contribute towards development planning and advancing development funding solutions, which are already under discussion.

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