European/Mediterranean focused upstream gas company, Sound Energy revealed that the preliminary petrophysical analysis of the first Tendrara well, onshore Morocco, confirmed the presence of a number of gas bearing levels and a total net pay of 28m in the TAGI reservoir, Proactive Investors reported.
The company added that in anticipation of drilling a second well at Tendrara, it has applied for the first complementary period under the licence terms. This period triggers a commitment to a second well, according to Energy Pedia News.
The drilling at Tendrara is being funded through a partnership with US oil services giant Schlumberger. Sound Energy had announced the commencement of drilling the first well at Tendrara at the beginning of May.
In addition, Sound Energy has exercised its option to acquire a 55% participating interest in the Meridja exploration permit, onshore Morocco, from Oil & Gas Investment Fund S.A.S. It covers an area of 9,000 sq km with the same fundamental geology as Tendrara.
“The company continues to pursue its counter-cyclical growth strategy and to evaluate selective opportunities to complement its existing portfolio,” said Sound Energy in a company statement on its website, according to RigZone.