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Sound Energy finalises location for Moroccan exploration well
Moroccan focused upstream gas company Sound Energy confirmed on Friday that it has now finalised a specific location for its approaching TE-9 exploration well in Eastern Morocco.
Sound believes that additional geophysical and geological analysis undertaken at TE-9, which will target the A1 prospect in the company's Tendrara-Lakbir permit had "sufficiently de-risked the prospect", allowing it to proceed with drilling.
The AIM-quoted firm was now looking to secure partner approvals before commencing ground works.
"This first well, of a planned three well campaign, is intended to drill both the TAGI as the primary target and the underlying Paleozoic as the secondary target," Sound said.
As of 1130 BST, Sound Energy shares had lost 1.19% to 39.92p.