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Sound Energy Information
Share Price Information for Sound Energy (SOU)
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Share Price:
0.98
Bid:
0.97
Ask:
0.98
Change:
-0.005 (-0.51%)
Spread:
0.01 (1.031%)
Open:
0.98
High:
0.98
Low:
0.98
Prev. Close:
0.98
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Don't have an account? Click here to register.Sound Oil in talks to buy stake in Mahgreb's subsidiary
Mon, 07th Sep 2015 14:50
(ShareCast News) - Oil and gas group Sound Oil has entered an agreement with Mahgreb Petroleum Exploration.Under the terms of the deal, Sound will have a two-month period of exclusivity to negotiate an agreement to acquire one of Mahgreb's subsidiaries, which owns a 25% stake in the Sidi Moktar licence onshore Morocco.The London-listed group said it will start due diligence on the acquisition in the short term future and will make further announcements in due course.Sound Oil shares were up 0.46% to 16.45p at 1516 BST on Monday.
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