Sound Energy PLC Nervesa First Gas (0803O)
04 February 2016 - 9:00PM
UK Regulatory
TIDMSOU
RNS Number : 0803O
Sound Energy PLC
04 February 2016
4 February 2016
Sound Energy plc
("Sound Energy" or the "Company")
Nervesa First Gas
Sound Energy, the Mediterranean focused upstream gas company, is
pleased to announce that it has achieved first commercial
production at the operated onshore Nervesa gas discovery on 3
February 2016. The Nervesa discovery was drilled successfully by
the Company in 2013 and benefits from a gas sales agreement with
the Shell Group.
A further announcement confirming production rates will be made
in due course, after the initial clean-up phase is completed and
the stable flow rate has been assessed.
The Company's webcam will now depart Italy for Morocco, where
the Company is approaching its first well at the Tendrara
licence.
James Parsons, the Company's Chief Executive, commented:
"First gas at Nervesa is a landmark event for the Company,
providing energy to a robust domestic market and further
underpining our broader Mediteranean expansion."
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7016
Patrick d'Ancona 9573
Chris McMahon
Alexandra Roper
--------------------------------- -----------------------------
Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive
Officer
--------------------------------- -----------------------------
Smith & Williamson - Nominated Tel: +44 (0)20 7131
Adviser 4000
Azhic Basirov
David Jones
Ben Jeynes
--------------------------------- -----------------------------
Cantor Fitzgerald Europe - Tel: +44 (0)20 7894
Broker 8896
Sarah Wharry
David Porter
--------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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