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  5. CORRECT: Sound Energy says hasn't signed Morocco deal, reversing rally

Pin to quick picksSound Energy Share News (SOU)

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Share Price Information for Sound Energy (SOU)

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Share Price: 0.98
Bid: 0.97
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Change: -0.005 (-0.51%)
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CORRECT: Sound Energy says hasn't signed Morocco deal, reversing rally

Fri, 26th Mar 2021 12:48

(Correcting Sound Energy shares rose by 38% on Thursday.)

(Alliance News) - Sound Energy PLC on Friday said it hasn't signed an agreement on a Moroccan liquefied natural gas plant, responding to local media reports.

Shares in Sound, a Kent-based gas exploration and production company, were down 6.1% to 1.69 pence in London on Friday, after climbing by 38% on Thursday.

Sound is in exclusive talks with Italfluid Geoenergy SRL to rent a micro liquefied natural gas plant in the Tendrara field in Morocco. The talks were first announced on December 23.

Negotiations "continue positively and are well advanced", but no agreement has yet been reached. Talks will continue after the exclusivity expires on March 31, Sound said.

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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7 Jan 2019 08:49

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7 Jan 2019 08:11

Sound Energy Completes Exploration Drilling At TE-10 Well, Plans Tests

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Sound Energy drops after kick-starting Morocco well-drilling

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Sound Energy Starts Drilling On Second Eastern Morocco Well

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5 Nov 2018 08:59

Sound Energy Drills TE-9 In Morocco To Second Casing Point

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26 Oct 2018 09:27

Sound Energy drills exploration well to first casing point

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26 Oct 2018 08:25

Sound Energy Drills Eastern Morocco Well TE-9 To First Casing Point

LONDON (Alliance News) - Sound Energy PLC on Friday said the TE-9 well, located in eastern Morocco, has been drilled to the first casing point.The Moroccan-focused upstream gas company said

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17 Oct 2018 09:18

Sound Energy To Start Drilling At TE-9 In Eastern Morocco

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16 Oct 2018 09:48

Sound Energy Gains Ministerial Approval For Petroleum Agreement

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16 Oct 2018 09:35

Sound Energy receives ministerial approval for Morocco agreement

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Sound Energy Loss Widens, First Eastern Morocco Basin Well Imminent

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13 Sep 2018 08:10

Sound Energy prepares for 'potentially transformational' drilling works

(Sharecast News) - Sound Energy assured shareholders it was ready for a new and "potentially transformational" phase of drilling across its Moroccan assets.

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