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LONDON (Alliance News) - Sound Energy PLC on Monday said it has made continued progress at the Tendrara licence in Morocco as it noted the recent increase in its share price.
Shares in Sound Energy were trading up 14% at 38.00 pence on Monday afternoon.
The gas company said it has achieved a significant gas flow rate which is in the process of stabilising during the clean-up process, as it continues with rigless operations at Tendrara.
"The rate is already highly commercial and well above initial expectations. The company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks' time," Sound Energy said in a statement.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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