StockMarketWire.com - Sound Energy [LON:SOU] said the mobilisation and rig-up operations are expected to be completed at the Badile exploration well by end-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.

* * *

Deutsche Bank today reaffirms its hold investment rating on Tullow Oil PLC [LON:TLW] and raised its price target to 340p (from 300p).

* * *

The sector's biggest risers were Empyrean Energy [LON:EME] and Europa Oil & Gas [LON:EOG] - up by 15% and more than 13.3% respectively in late trading. The biggest fallers were Xtract Resources [LON:XTR] and Bahamas Petroleum [LON:BPC] - down by 12.5% and over 5.4% respectively.




At 4:03pm:

[LON:AUR] Aurum Mining PLC share price was +0.33p at 7p

[LON:BOR] Borders Southern Petroleum PLC share price was +0.02p at 3.05p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.31p at 7.99p

[LON:EME] Empyrean Energy PLC share price was +0.38p at 2.88p

[LON:ENQ] EnQuest Plc share price was +4.88p at 50.13p

[LON:EOG] Europa Oil Gas Holdings PLC share price was +0.75p at 6.38p

[LON:GKP] Gulf Keystone Petroleum share price was +2p at 136.75p

[LON:GPX] Gulfsands Petroleum PLC share price was +0.5p at 9.38p

[LON:INDI] Indus Gas Ltd share price was +12.63p at 395.13p

[LON:PET] Petrel Resources PLC share price was +0.63p at 6.13p

[LON:RKH] Rockhopper Exploration PLC share price was 0p at 22.75p

[LON:RPT] Regal Petroleum PLC share price was +0.3p at 3.5p

[LON:SOU] Sound Energy PLC ORD 1p share price was +1.13p at 76.88p

[LON:TLW] Tullow Oil PLC share price was +2.05p at 328.55p

[LON:XTR] Xtract Resources Plc share price was -0p at 0.02p



Story provided by StockMarketWire.com