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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: 0.86
Bid: 0.70
Ask: 0.90
Change: -0.05 (-5.88%)
Spread: 0.20 (28.571%)
Open: 0.86
High: 0.86
Low: 0.86
Prev. Close: 0.85
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Sound Energy drops after kick-starting Morocco well-drilling

Fri, 07th Dec 2018 12:31

(Sharecast News) - Sound Energy dropped on Friday after it expressed little optimism as it commenced the drilling of the TE-10 well at its Tendrara project in eastern Morocco.In a statement, the company put the chances of success at the two targets of what is the second of a planned three well exploration programme at Tendrara at just 14% and 26%, respectively, with the well located around 25 kilometres away from the project's currently anticipated production area.The AIM traded company said the drilling programme is expected to run for 30 to 40 days, with the well drilled down to a depth of 2,200 metres, with the TE-10 well intended to target a material TAGI stratigraphic trap and a smaller TAGI structural closure.It is part of a play with estimated volumes of 2.7 Tcf mid case gross gas originally in place - 4.5 Tcf GOIP gross upside case and a 1.5 Tcf GOIP gross low case.The first well in the current programme (TE-9) was plugged and abandoned after it did not encounter producible gas when it was drilled last month.Sound Energy's shares were down 10.62% at 12.66p at 1310 GMT.
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(Alliance News) - Sound Energy PLC noteholders on Monday voted in favour of restructuring the company's bonds.

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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.

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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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28 Jun 2023 10:46

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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.

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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.

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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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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.

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