Last checked at 5 Apr 2016 07:00
5 April 2016
Sound Energy plc
(the "Company" or "Sound Energy")
Receipt of Indonesian Contingent Consideration
The Company announces that it has received a US$1.1 million (less 7% transfer tax) cash payment from Ophir Energy plc. This payment was triggered by the achievement of various operational targets on the Bangkanai licence in Indonesia, previously owned by the Company. The Company will announce any further receipts of contingent consideration if and when they are received.
For further information, please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700
Patrick d'Ancona
Chris McMahon
Alexandra Roper
Sound Energy j.parsons@soundenergyplc.com
James Parsons, Chief Executive Officer
Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
Cantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896
Sarah Wharry
David Porter