Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSound Energy Share News (SOU)

Share Price Information for Sound Energy (SOU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.78
Bid: 0.702
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.148 (21.083%)
Open: 0.78
High: 0.00
Low: 0.00
Prev. Close: 0.78
SOU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sound Energy awarded production concession at Tendrara

Thu, 06th Sep 2018 14:31

(Sharecast News) - Morocco-focussed upstream gas company Sound Energy announced the award of the production concession relating to the Tendrara gas discovery in Eastern Morocco by the Moroccan Ministry of Energy on Thursday.The AIM-traded firm said the award covered an area of 133.5 square kilometres, and followed an application by the company and its partners in June.It said the field development plan underpinning the award included the drilling - pre-first gas - of up to five new horizontal development wells, in addition to recompletion of the existing TE-6 and TE-7 wells.The plan also included the construction of a gas treatment plant and compression station (CPF), and a 120 km 20-inch 'Tendrara Gas Export Pipeline' (TGEP) connecting the CPF and the delivery point to the Gazoduc Maghreb Europe pipeline.As it had already announced, front end engineering and design was underway for both the CPF and TGEP.It also involved the achievement of first gas in approximately two years at an expected mid-case production rate of around 60 million standard cubic feet per day over a minimum period of 10 years, during which it was currently estimated - subject to the optimisation of drilling plans - that an additional 10 to 13 wells would be drilled to maintain this production rate.The company said it expected to be in a position to take a final investment decision on the Tendrara development once key development milestones had been secured, including a gas sales agreement, FEED development capital funding and local regulatory administrative formalities.On 7 June, Sound announced that it had signed heads of terms with a consortium comprising Enagas, Elecnor and Fomento for the FEED and conditional construction and financing of all the infrastructure required, including the TGEP and CPF under a 'build-own-operate-transfer' structure."I am delighted with the award of the first development concession in Eastern Morocco, which is a critical step in commercialising our gas discovery," said Sound Energy chief executive officer James Parsons."The company continues to make excellent progress on all fronts, including FEED, the gas sales agreement and ground works at TE-9."
More News
24 Apr 2024 16:02

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
3 Apr 2024 11:53

TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
4 Dec 2023 15:36

Sound Energy noteholders vote in favour of bond restructuring

(Alliance News) - Sound Energy PLC noteholders on Monday voted in favour of restructuring the company's bonds.

Read more
25 Oct 2023 17:28

TRADING UPDATES: Franchise Brands trading in line; Tribe secures loan

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
21 Sep 2023 15:47

EARNINGS: Aurora Investment recovers; Chesnara swings to profit

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
13 Sep 2023 13:32

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.

Read more
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.

Read more
28 Jun 2023 10:46

AIM WINNERS & LOSERS: Aferian expects reduced interim revenue

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
28 Jun 2023 10:31

Sound Energy receives financing offer for gas field project in Morocco

(Alliance News) - Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco.

Read more
22 Jun 2023 15:07

Sound Energy resolves tax disputes with Moroccan authorities

(Sharecast News) - Sound Energy has successfully resolved its tax disputes with the Moroccan Tax Authority, it announced on Thursday.

Read more
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.

Read more
22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

Read more
13 Jun 2023 11:14

Sound Energy shares jump amid Tendrara deal with Calvalley Petroleum

(Alliance News) - Sound Energy PLC said on Tuesday that it had secured a 45 day binding period and a non-binding term sheet with Calvalley Petroleum Ltd in the Tendrara exploitation concession and the Grand Tendrara exploration permit in Morroco.

Read more
6 Jun 2023 15:47

UK shareholder meetings calendar - next 7 days

Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
Monday 12 June 
Brighton Pier Group PLCAGM
Learning Technologies Group PLCAGM
Oxford Nanopore Technologies PLCAGM
Pembridge Resources PLCGM and Creditors' Meeting re future plans and objectives
Round Hill Music Royalty Fund LtdAGM
Staffline Group PLCAGM
VPC Specialty Lending Investments PLCGM re investment policy
Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.