Sound Energy has completed the farm-in agreement with the Moroccan Oil and Gas Investment Fund in relation to the Tendrara Lakbir Licence, onshore Morocco.
The company intends to commence ground works on the drill site for the first Tendrara well shortly after receipt of EIA approval which it expects to receive in January 2016.
Sound has secured the services of an Entrepose Drilling HH300 rig which will drill the first two appraisal wells on the Tendrara Licence.
Chief executive James Parsons, said: “I am pleased to report the initiation of our drill programme at Tendrara, with two back to back wells with an extended well test which, if successful, will prove the commerciality of the highly significant TAGI reservoir in Morocco.
“We believe Eastern Morocco is an exciting and developing area which is further validated by the recently acquired International Oil Company interest in the surrounding licences.”
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