Sound Energy progresses financing in Morocco for Tendrara concession
(Alliance News) - Sound Energy PLC on Thursday said it has made strides towards financing its production concession in eastern Morocco.
Read moreThu, 27th Dec 2018 08:14
(Alliance News) - Sound Energy PLC on Thursday said it has made strides towards financing its production concession in eastern Morocco.
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Sound Energy PLC - London-based Morocco-focused upstream gas company - Raises GBP4 million to mainly fund work on the Tendrara Phase 2 pipeline. Issues 200 million shares at 2.0 pence each, below its share price of 2.09p when it was announced. GBP2.88 million worth of shares are placed, GBP1.12 million are raised via direct subscription, firm explains.
Read more(Sharecast News) - Sound Energy updated the market on its operations on Thursday, reporting progress at Tendrara after its wholly-owned Morocco East subsidiary issued a notice to proceed to Italfluid Geoenergy.
Read more(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(Alliance News) - Sound Energy PLC on Friday ruled out making a bid for UK-focused onshore oil and gas producer Angus Energy PLC.
Read more(Alliance News) - Sound Energy PLC on Thursday said it swung to a profit in 2021 on a reversal of impairments and lower administrative expenses, as it continues to progress its operations in Morocco.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read moreAngus Energy PLC - UK-focused onshore oil and gas producer - Grants Morocco-focused Sound Energy PLC another one-month extension to 'put-up-or-shut-up' deadline. Sound had been required to confirm its intention to make a takeover offer for Angus by Friday, but this has now been put back to April 8. Angus said discussions and mutual due diligence between the two companies continues. After Angus had launched a formal sales process, Sound back in January said it had made a tentative all-share offer worth 1.50 pence per Angus share, or GBP21.6 million for the whole company, its fourth bid for Angus.
Read more(Alliance News) - Sound Energy PLC on Wednesday said it has an extra 90 days to meet conditions for an agreement that will see the sale of gas from its Phase 2 Tendrara development in eastern Morocco delivered to Morroco's state-owned power company.
Read more(Sharecast News) - Sound Energy announced the issue of a notice to proceed to its contractor to Italfluid Geoenergy on Wednesday, for the Tendrara Concession mLNG Facilities project, onshore Morocco.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Alliance News) - Shares rose in Sound Energy PLC on Wednesday after announcing the issue of a 'notice to proceed' to Italfluid Geoenergy Srl on the project contract for liquefied natural gas facilities for the Tendara Concession, onshore Morocco.
Read moreIN BRIEF: Angus Energy raises GBP1.4 million via discounted placing
Read moreAIM WINNERS & LOSERS: Everyman to top forecasts; Angus rise continues
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