Last checked at 16 May 2016 07:00
16 May 2016
Sound Energy plc
("Sound Energy" or the "Company")
Nervesa Update
Sound Energy, the European/Mediterranean focused upstream gas company, provides an update on the Nervesa discovery, onshore Italy. The Company has now completed the second static profile referred to in its 14 March 2016 announcement. This static profile has confirmed a continued reduction in reservoir pressure which suggests that not all completed reservoir levels are in production. As a result, the Company intends, subject to UNMIG consent, to shut-in the well early next month and to plan for a remedial re-perforation of selected layers of the reservoir in due course.
The Company will also evaluate the possibility of a potential updip sidetrack of the well.
For further information please contact:
Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper
| Tel: +44 (0)20 7830 9700 |
Sound Energy James Parsons, Chief Executive Officer
| j.parsons@soundenergyplc.com
|
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes
| Tel: +44 (0)20 7131 4000 |
Cantor Fitzgerald Europe - Broker Sarah Wharry David Porter
| Tel: +44 (0)20 7894 8896 |