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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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TRADING UPDATES: Smithson assets grow; FireAngel delivers milestone

Wed, 02nd Nov 2022 19:17

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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TI Fluid Systems PLC - Oxford-based manufacturer and supplier of automotive fluid storage, carrying and delivery systems - Hires Alexander Bock as new chief financial officer. He will succeed Ronald Hundzinski who will be retiring. Bock will join no later than May 1, 2023.

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FireAngel Safety Technology Group PLC - Coventry-based home safety products maker - Delivers the third development milestone for its deal with Techem Energy Services GmbH for the development of a new generation smoke alarm, primarily for the German market. The third milestone saw the delivery of a fully featured product development board, which allows for design verification and testing to be conducted on all product functions prior to committing to the first product representative build. "The transformational partnership with Techem continues to be of long-term value and of significance for FireAngel and its stakeholders. We are pleased to announce the successful delivery of the third milestone following the formal signing of DP2," Executive Chair John Conoley comments.

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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Identifies "encouraging" drilling intersections at its New Luika gold mine in Tanzania. They are related to drilling conducted in the second half of 2022. "I am pleased to announce that we continue to deliver encouraging drilling results at New Luika, adding to the exploration success that we have had around the wider portfolio this year. These results give us confidence that the reserve-based mine life at New Luika will continue to be extended beyond its current timeline of H1 2027," Chief Executive Eric Zurrin says.

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Sound Energy PLC - Morocco-focused upstream gas company - Confirms that its wholly owned subsidiary Sound Energy Morocco SARL AU has challenged the Moroccan Court about the tax assessments levied against SEMS. Says the filing has been made within the required period of 60 days from the date of notification of the local tax committee decision. Remains of the opinion that the assessments levied against SEMS that certain purported historical intra group transactions between SEMS and Sound Energy Morocco East Ltd have taxable bases, has been wrongly interpreted by the Moroccan tax administration. In totends to engage constructively with the authorities. Plans to continue to defend its rights through the court and will also continue to do so in the event that the Moroccan tax authority does not withdraw the assessments levied against SEMS.

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Capital Ltd - Mauritius-based mining company - Appoints Rick Robson as chief financial officer following the departure of Giles Everist. Robson has been a member of Capital's senior management team since 2019 and is currently head of corporate development & CFO of MSALABS. He will take on the role on January 1, 2023.

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Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Declares a dividend of 2.0 US cents per share for its third quarter, in line with its dividend target. "The strong realised dividend for Q3 was supported by exceptional cash generation activity driven by a supportive market environment for the company's 100% floating rate portfolio and a robust list of attractive realisations. This meant actual net revenue profit for the quarter comprised USD1.8 million or 2.0 cents per share," Chair Reuben Jeffery comments.

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ThomasLloyd Energy Impact Trust PLC - London-based Asia-focused renewable energy investment trust - Signs a USD30.0 million investment agreement with Solar Electric Vietnam. As the first transaction in this new partnership, it enter into an agreement to acquire Viet Solar System Company Ltd, a privately-owned company which holds 6.12 MWp of rooftop solar assets. Has deployed more than 86% of its net IPO proceeds.

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Angle PLC - Surrey, England-based medical diagnostics company - Notes that a study from the University of Texas shows that circulating tumour cells isolated by Parsortix can be analysed with downstream techniques. The study provided data to support the De Novo Class II Classification application for its Parsortix system for use in harvesting cancer cells from metastatic breast cancer patient blood for subsequent, user-validated analysis, it says.

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Seed Innovations Ltd - Guernsey based wellness and life sciences company - Says investee LGP gets firm commitments for a AUD4 million, or GBP2.2 million, placement from new and existing institutional and sophisticated investors. Adds that it received commitments for a further AUD200,000 from LGP's board and executive. Business also launches a share purchase plan offer for eligible existing shareholders. "With further funds now in place to support this growth, LGP can focus on its aim to achieve break-even while continuing on expanding its Australian and European sales channels," SEED CEO Ed McDermott comments.

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Smithson Investment Trust PLC - investment trust - Net asset value per share as at October 31 stands at 1,382.78p, up versus 1,339.5p as at June 30.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Sound Energy noteholders vote in favour of bond restructuring

(Alliance News) - Sound Energy PLC noteholders on Monday voted in favour of restructuring the company's bonds.

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EARNINGS: Aurora Investment recovers; Chesnara swings to profit

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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

AIM WINNERS & LOSERS: Aferian expects reduced interim revenue

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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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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22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

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22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

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13 Jun 2023 11:14

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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