Member Info for Ducati2

Https://www.soundenergyplc.com/documents/zeus-sound-energy-full-year-2024-results/#:~:text=This%20leaves%20net%20debt%20at,%C2%A328.9m%20forecast%20overall.&text=These%20results%20highlight%20the%20significant,to%20the%20company's%20lower%20stake.

Full year results highlight cash availability. Sound’s results report an end 2024 cash number

of £7.9m, from £3.0m at the end of 2023. This reflects the £9.2m of net cash payments

received under the Tendrara Managem farm out, alongside CAPEX of £5.4m and G&A of

£3.7m (which was higher than previously due to farm out costs – we forecast a significantly

lower level going forward), alongside a positive working capital swing and debt drawings.

This leaves net debt at the end of 2024 at £29.8m, marginally ahead of our £28.9m forecast

overall

Https://zeuscapital.co.uk/exclusives/5518891766/

Https://www.youtube.com/watch?v=E9DUkQIQxXU

A link in Morocco’s LNG chain: The LNG terminal at NWM Port will connect to the Maghreb Europe Gas Pipeline via a USD 400 mn, 120 km pipeline built by Moroccan mining outfit Managem and oil and gas player Sound Energy, Morocco World News reported in January. Sound Energy is also setting up Morocco’s first LNG processing facility near Tendrara’s gas field, with investments of USD 160 mn. The facility will have an initial capacity of 10 mn cubic feet and will enter the market by late 2025.

https://enterprise.news/logistics/en/news/story/4bd47d68-fe79-4fdd-8de7-365b31957b2f/morocco-seeks-energy-hub-status-with-lng-terminal-and-gas-pipeline

April Year End Results

Final Results tomorrow at 23rd Apr 2025 at 5:30pm BST.

Sound holds the Tendrara gas asset onshore Morocco, which contains 305bcf of gross sales gas, or 10.2mmboe net to Sound’s 20%.

Phase 1 development is already underway, with first gas sales at 10mmcf/d gross (0.3mboe/d net) via a micro-LNG facility expected in Q4 2025.

Phase 2 is substantially larger, targeting 42mmcf/d gross (an additional 1.4mboe/d net). Sound recently closed a significant farm out to Moroccan-based natural resources player Managem which, alongside project debt, is expected to see Phase 2 fully funded and leave Sound on 20%.

Now that the farm out has closed we expect progression of FEED, going into Phase 2 FID in late 2025, and first gas sales from Phase 2 in early 2028. Once Phase 2 is onstream, our long-term forecasts imply Sound EBITDA of £19m and FCF of £14m – significant cash flows for a company of its size, which will also help pay down debt.

The farm out also funds the SBK-1 and M5 exploration wells nearby Tendrara, targeted to be drilled in 2025. In terms of upcoming catalysts, now that the farm out is closed we expect progression of Phase 2 FEED work, completion of Phase 1 in Q4 2025, first gas sales from Phase 1 and also Phase 2 FID both in Q4 2025, and the two exploration wells – a busy overall programme.

Our total risked NAV is 4.1p, and we have a positive outlook for the shares.

https://www.soundenergyplc.com/documents/zeus-sound-energy-full-year-2024-results/

Fund % short change Date changed

Helikon Investments Limited 3.68% -0.02% 6 Feb 2025

TFG Asset Management UK LLP 3.05% -0.13% 7 Apr 2025

Total 6.73%

Petrofac’s Chief Operating Officer, John Pearson, noted: “Following a strong year for awards in 2024, our Asset Solutions business has had a great start to 2025 with half a billion dollars’ worth of scopes and contract expansions secured already, and a strong pipeline of opportunities across a range of geographies during the remainder of the year.

“These awards, with a range of clients, demonstrate the strength in our mature asset management and decommissioning offering, and form part of our strategy to expand our services into selected new geographies. We look forward to continuing this trajectory throughout the remainder of 2025 and beyond.

https://www.offshore-energy.biz/petrofacs-year-off-to-a-great-start-with-500m-worth-of-contracts-in-the-bag/

Https://x.com/soundenergyplc/status/1904864950411047181?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Sound Energy plc, (AIM: SOU) the Transition Energy Company is pleased to announce today the launch of its new website.

https://www.soundenergyplc.com/

Https://x.com/Gatwick_Airport/status/1900181819330371869

Https://x.com/soundenergyplc/status/1902338231359750602

Ha, Ha, you must live a sad and boring life………… Do what management haven’t a buy one share yourself! FFS get a life and get out more and worry about yourself and not what others are doing.

You may of been invested in Sound Energy before and not got over your loss…….

March 14, 2025

MOROCCO

GAS CONSTRUCTION

OIL AND GAS

SUSTAINABILITY

LNG

Morocco will launch a $6 billion tender in the coming months to develop and restructure its natural gas infrastructure, Leila Benali, Minister of Energy Transition and Sustainable Development, announced during the CERAWeek energy conference in Houston.

According to a report in Arabic language news website Maghreb Times, the investment, largely driven by the private sector, will focus on:

Establishing LNG import terminals at multiple ports

Expanding gas transport pipelines to connect demand centres

Supporting local gas production from the onshore Tendrara and offshore Anchois fields

The report quoted Benali as saying that natural gas is a crucial element of Morocco’s energy transition strategy, which aims to achieve 52 percent renewable energy in the country’s energy mix by 2030, improve energy efficiency and develop the essential infrastructure to support the transition.

The report didn't provide other details or timeline for the tender.

https://www.zawya.com/en/projects/oil-and-gas/morocco-to-launch-6bln-tender-for-natural-gas-infrastructure-wq7bg3z7

Https://x.com/soundenergyplc/status/1900131298171121983

BP could take out a very distressed share price.

Becoming very tiresome…….

In February, CEO of Sound Energy Graham Lyon said undiscovered potential gas in eastern Morocco could exceed 20 trillion cubic feet.

Earlier this year, British company Sound Energy announced a gas liquefaction facility at the Tendrara field in eastern Morocco. This means Morocco is poised to join the liquified natural gas production market for the first time in its history by the end of this year.

The measure also seeks to reduce Morocco’s reliance on gas imports, elevating the pressing need to rely locally on electricity and phosphates, among other energy sources.

https://www.moroccoworldnews.com/2025/03/179424/morocco-becomes-spains-top-gas-customer-surpasses-france/

Https://www.soundenergyplc.com/media/t2whgzn0/20250226_sound_energy_investor_presentation_spring.pdf

Accordingly, the convening hearing will be held on 28 February. Following this hearing, Petrofac will commence the subscription period during which secured creditors of the contractor can elect to participate in the new money options that will be available to them under the terms of the restructuring plan.

The convening hearing is set to be followed by the sanction hearing, which is scheduled for 26 March. The restructuring effective date is now expected to take place on or around 31 March, according to Petrofac.

The contractor also said that it has secured agreements with financial investors to facilitate the release of $80 million of cash collateral, which will be used to secure a performance bond in respect of a key engineering and construction contract.

https://www.upstreamonline.com/finance/petrofac-to-complete-long-sought-financial-restructuring-by-end-of-march/2-1-1783495

Https://www.youtube.com/watch?v=85VsSVGmtJs