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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
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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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6 Sep 2018 11:35

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Sound Energy signs new eight-year petroleum agreement

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31 Aug 2018 09:36

Sound Energy Secures New Petroleum Agreement In Eastern Morocco

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21 Aug 2018 09:57

Sound Energy Progresses Gas Operations In Eastern Morocco

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Sound Energy Mobilises Drilling Rig To TE-9 Well Pad In Morocco

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24 Jul 2018 09:24

Sound Energy To Commence Civil Works At TE-9 Well In Morocco

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23 Jul 2018 15:00

Sound Energy brings Schlumberger directly onto Morocco portfolio

(Sharecast News) - Morocco-focused upstream gas company Sound Energy announced on Monday that, following its initial success in eastern Morocco and in anticipation of the forthcoming drilling programme, the start of the process of converting the existing 27.5% synthetic interests held by an affiliate of Schlumberger Oilfield Holdings in the Tendrara Lakbir permits, the Anoual permits and the Matarka reconnaissance licence into 27.5% joint venture licence participating interests in the Eastern Morocco contract area.

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2 Jul 2018 09:59

Sound Energy To Raise USD15 Million Through Share Placing (ALLISS)

LONDON (Alliance News) - Sound Energy PLC said Monday it is placing to raise USD15 million through a share placing.The upstream gas company will place 30.8 million shares at a price of 37 a

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4 Jun 2018 10:28

Sound Energy Final Report Confirms April Results At A1 Gas Prospect

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Sound Energy Says New Report Backs Up A1 Prospect Gas Estimates

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