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https://www.moroccoworldnews.com/2023/01/353686/moroccos-finance-minister-gas-subsidies-reached-2-1-billion-in-2022
Morocco imports 90% of its energy. Would it be fair to say that the various Government Departments will be keen to help SOU unlock the acreage we have and become a producer ASAP? My thought is yes.
‘Progress continues on site at Tendrara. Our latest photo shows the laying of the reinforcement of the second layer level of the tank. #lng #gas #transitionfuel’
https://twitter.com/soundenergyplc
A further article in the press…. https://morocco.detailzero.com/news/131322/Morocco-on-the-way-to-becoming-an-energy-exporter.html
Cost reduction to include execs, a little more money in the pot, dilution is very small in percentage terms (about 0.25%), timeline for latest sale date and message sent to potential purchasers that if we need more cash we have access to it. Smart move by the BOD - well done I say.
As a lth underwater like most I was hoping for a better reaction to todays fsc.
Morale amongst PI's now appears so low that no matter what the BOD say nobody appears to believe them.
What a very sad state of affairs. I sit on my shares in hope but really think we are doomed. Today just felt like an arse covering exercise.