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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: 1.425
Bid: 1.35
Ask: 1.50
Change: 0.05 (3.64%)
Spread: 0.15 (11.11%)
Open: 1.375
High: 1.425
Low: 1.40
Yest. Close: 1.375
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Sound Energy Says New Report Backs Up A1 Prospect Gas Estimates

Thu, 26th Apr 2018 10:35

LONDON (Alliance News) - Sound Energy PLC on Thursday said a report on its A1 prospect in Morocco "largely" confirms its previous gas originally in place estimates.

The A1 prospect is located on Sound's Tendrara-Lakbir permit in eastern Morocco, and the competent person's report was compiled by RPS Energy Consultants Ltd. It is the first, Sound added, in a series planned across its acreage in the region.

In early February, Sound gave preliminary gas originally in place estimates at 400 billion cubic feet in the low case, 700 billion cubic feet in the mid case, and 1.2 trillion cubic feet in the high case.

The new report gives as a low case 278 billion cubic feet of gas, as a mid case 624 billion cubic feet, the high 1.25 trillion cubic feet. Overall, the mean gas originally in place estimate stands at 712 billion cubic feet.

The report gives a change of success, Sound said, of 25%.

Sound said the estimates cover the triassic TAGI reservoir on A1, and have any future volume estimates for the deeper paleozoic prospectivity would need to be added to TAGI.

The first well at A1, TE9, is planned to target both the triassic and paleozoic reservoirs. Further work may de-risk the first well and it said the chance of success may be boosted by favourable results from seismic data processing and geological studies.

Shares were down 5.8% on Thursday morning at 41.90 pence each.

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1 Jun 21 14:02

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30 Mar 21 14:49

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CORRECT: Sound Energy says hasn't signed Morocco deal, reversing rally

26 Mar 21 12:48

Sound Energy says it hasn't signed Morocco contract, reversing rally

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26 Mar 21 12:26

Sound Energy refutes reports on Morocco LNG deal

(Sharecast News) - Morocco-focussed upstream gas company Sound Energy responded to media reports in the north African country on Friday, confirming that it had not signed an agreement on a proposed liquefied natural gas project.

26 Mar 21 11:10

Sound Energy nets EUR 0.18m from sale of first land stage at Badile

(Sharecast News) - Morocco-focussed upstream gas company Sound Energy announced on Monday that it has received the first sale proceeds from the sale of the Badile land, totalling €0.18m (£0.15m) net of fees.

8 Mar 21 14:05

Sound Energy gets first payment from sale of Badile Land

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8 Mar 21 10:35

Sound Energy Moves Shares To New Trading Platform In London

Sound Energy Moves Shares To New Trading Platform In London

15 Feb 21 08:46

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