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Pin to quick picksSound Energy Share News (SOU)

Share Price Information for Sound Energy (SOU)

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Share Price: 0.95
Bid: 0.90
Ask: 0.98
Change: -0.095 (-9.18%)
Spread: 0.08 (8.889%)
Open: 1.085
High: 1.085
Low: 0.93
Prev. Close: 1.035
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IN BRIEF: Sound Energy Raises GBP2.8 Million, To Raise Further Funds

Wed, 29th Jul 2020 14:24

Sound Energy PLC - Morocco-focused upstream gas firm - Raises GBP2.8 million through placing of 129.4 million shares at 2.125 pence each. Added that it intends to raise a further GBP1.8 million by way of broker option through issue of 82.4 million shares. Placing price of 2.125p represents 1.5% discount to Tuesday closing price of 2.1575p. States the new cash in addition to its existing resources will be sufficient to meet working capital requirements through to March 2021. It adds funds will also allow it to continue moving phase one development of the Tendrara production concession towards a final investment decision as well as progressing other corporate objectives including maturing options to seek to restructure its 2021 Eurobond obligations and secure project financing options.

Certain directors intend to subscribe for broker option shares worth up to GBP65,000.

Current stock price: 2.14p

Year-to-date change: up 4.4%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 May 2024 11:38

Sound Energy to rig wells in preparation for gas production

(Alliance News) - Sound Energy PLC on Friday said work over operations have begun in preparation for the commencement of gas extraction at wells TE-6 and TE-7 in the Tendrara concession.

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IN BRIEF: Sound Energy says Morocco assets unaffected by earthquake

Sound Energy PLC - London-based, Morocco-focused upstream gas company - Says its Morocco assets are unaffected by the recent earthquake on Friday last week. This is after completing a survey of its assets located in its Sidi Moktar onshore exploration permits, located around 100 kilometres to the northwest of the earthquake epicentre, in which it found none were affected by the earthquake and all personnel were accounted for. Notes its other assets are located a significant distance from affected areas and so are also therefore unaffected.

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1 Sep 2023 21:29

IN BRIEF: Sound Energy in partial conversion of convertible loan note

Sound Energy PLC - London-based, Morocco-focused upstream gas company - Receives conversion notices to issue 22.2 million shares at a conversion price of 2.25 pence each under an existing GBP2.5 million convertible loan note agreement, the terms of which were announced on June 13. The partial conversion reduces the amount owing on the convertible notes by GBP500,000, with GBP1.5 million remaining.

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Sound Energy receives financing offer for gas field project in Morocco

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22 Jun 2023 15:07

Sound Energy resolves tax disputes with Moroccan authorities

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22 Jun 2023 10:58

IN BRIEF: Sound Energy says Moroccan tax court case formally closed

Sound Energy PLC - London-based, Morocco-focused upstream gas company - Receives court papers confirming withdrawal of Moroccan tax cases. Says court cases between the company and Moroccan tax authorities now formally closed. Back in November, Sound Energy's subsidiary Sound Energy Morocco SARL AU challenged the Moroccan Court about the tax assessments levied against SEMS.

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