Sound Energy, the African and European focused upstream gas company, is pleased to confirm that:
· Ground works at the well site are now complete.
· The conductor pipe was set last week.
· The 3000 HP EMSCO C3 rig, owned by Pergemine S.p.A, has been mobilised.
The mobilization and rig-up operations are expected to be completed by the end of February 2017, enabling drilling to commence during March.
The Badile exploration well is planned to be drilled to a total depth of 4,600m to test the hydrocarbon potential of the Lower Jurassic Conchodon Dolomite with an independently assessed 100% unrisked best case estimate of 178 Bscfe, an upside high case in excess of 670 Bscfe and low case of 46 Bscfe.