RNS Number : 2642Y
Sound Energy PLC
16 May 2016
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
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j.parsons@soundenergyplc.com
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Smith & Williamson - Nominated Adviser
Azhic Basirov
David Jones
Ben Jeynes
|
Tel: +44 (0)20 7131 4000
|
Cantor Fitzgerald Europe - Broker
Sarah Wharry
David Porter
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Tel: +44 (0)20 7894 8896
|
This information is provided by RNS
The company news service from the London Stock Exchange
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