Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

Share Price is delayed by 15 minutes
Get Live Data
1.80    0.00 (0.00%)
Bid:
1.70
Ask:
1.90
Spread: 0.20 (11.765%)
Market Cap: £4.11m
SOU Live PriceLast checked at - London Stock Exchange

Intraday Sound Energy Share Chart

JV for Hydrogen

17 Jun 2025 07:00

RNS Number : 0671N
Sound Energy PLC
17 June 2025
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

17 June 2025

Sound Energy plc

 

("Sound Energy", the "Company" and together with its subsidiary undertakings the "Group")

 

Hydrogen and Helium Exploration Update

 

Sound Energy, the transition energy company, is pleased to announce completion of the regional screening study for natural hydrogen and helium undertaken in collaboration with Getech Group Plc ("Getech"), a global leader in locating essential energy and mineral resources crucial for the energy transition.

 

On 28 October 2024 the Company announced entry into an Exploration Collaboration Agreement (the "Agreement") with Getech. Pursuant to the Agreement, the parties will collaborate to seek to explore for naturally occurring hydrogen and helium in Morocco. The initial phase of the Agreement comprised a regional screening study to identify areas of potential interest for more detailed assessment by the parties.

 

The Company is pleased to announce that the regional screening study has been completed and has identified areas of significant prospective potential for natural hydrogen and helium occurrence sufficient to warrant further study. The Company and Getech intend, under the terms of the Agreement, to form a Joint Venture and negotiate jointly exclusive rights for the exploration and exploitation of hydrogen and helium resources in Morocco, progressing towards necessary geophysical and drilling activities to unlock potential deposits.

 

John Argent, VP Geoscience of Sound Energy, commented:

 

"We are pleased with the outcome of the regional screening study, which applied Getech's proprietary geologically genetic workflows to identify and de-risk areas with potential for hydrogen and helium across the whole of Morocco. The study has yielded several high-potential targets that will now be the focus of our next phase of evaluation to refine a more targeted exploration programme. As we deepen our collaboration with Getech, we will continue to leverage our local partnerships and operational expertise to unlock value. We see this as a strong validation of our joint approach and a meaningful step forward in our strategy to establish a leading position in the emerging natural hydrogen and helium sector."

 

Further announcements will be made, as appropriate, in due course.

 

For further information visit www.soundenergyplc.com follow on X @soundenergyplc, LinkedIn, or contact:

 

Sound Energy

Graham Lyon, Executive Chairman

 

chairman@soundenergyplc.com

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Alison Allfrey

Tel: 44 (0)20 129 1474

sound@flagstaffcomms.com

Zeus - Nominated Adviser and Broker

James Joyce, Alex Campbell-Harris, Gabriella Zwarts (Investment Banking)

Simon Johnson (Corporate Broking)

 

Tel: 44 (0)20 3829 5000

 

Background

Morocco is emerging as a highly prospective market for natural hydrogen exploration, thanks to its favourable geological conditions and strategic location. The country's extensive onshore basins, rich in subsurface resources, are prime candidates for natural hydrogen discoveries. Morocco's commitment to renewable energy and its supportive regulatory framework further enhances its role as a key player in the global energy transition.

 

Natural (sometimes also referred to as "geologic", "white", "gold" or "native") hydrogen has the potential as a future disruptor in the energy markets, undercutting green and other low-carbon hydrogen energy sources, produced without CO2 emissions, at an estimated cost of around $1 per kilogram. Getech's workflows build on the understanding of genetic factors involved in developing a natural hydrogen system; categorising these into sources, migration paths, reservoirs, traps and seals in much the same way as the petroleum industry has successfully done for many decades.

 

Helium, crucial across sectors such as medical, electronics, aerospace, nuclear and telecommunications where it is used in superconducting magnets and cryogenics, is considered a "critical raw material" by the USA, EU, and Canada due to its irreplaceable nature. Helium and natural hydrogen are often found in the same reservoirs, significantly boosting the economic potential of such discoveries.

 

About Getech

Getech is a leading locator of subsurface resources essential for the world's energy security and sustainable transition. The Company combines unique geoscience expertise, AI-driven analytics, and extensive geospatial insight to identify new energy and mineral resources and streamline exploration processes. Serving clients across corporates, governments and regulators in a wide range of industries, Getech is committed to enabling energy and mineral security while supporting a shift towards low carbon sources.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDPKABQABKDFAD
Date   Source Headline
23rd May 20177:00 amRNSFinal TE-8 Results and Revised Estimates
17th May 20177:00 amRNSSidi Moktar: Rig Arrival and Work Programme
4th May 20177:00 amRNSBadile: Fourth Casing Point
2nd May 20173:00 pmRNSTotal Voting Rights
25th Apr 20177:00 amRNSMeridja : Schlumberger Investment
18th Apr 20177:00 amRNSMobilisation of Rig to Sidi Moktar
12th Apr 20176:07 pmRNSAnnual Report and Notice of AGM
10th Apr 20177:00 amRNSBadile: Third Casing Point
3rd Apr 20173:00 pmRNSTotal Voting Rights
29th Mar 201712:16 pmRNSDirector/PDMR Shareholding
29th Mar 201712:15 pmRNSDirector/PDMR Shareholding
28th Mar 20177:00 amRNSTendrara: TE-8 Results
28th Mar 20177:00 amRNSPreliminary Results
23rd Mar 20177:00 amRNSBadile: Second Casing Point
23rd Mar 20177:00 amRNSTendrara: TE-8 - Completion of Drilling
15th Mar 20173:02 pmRNSResult of General Meeting
15th Mar 20177:00 amRNSGeneral Meeting Operational Update: TE8 and Badile
14th Mar 20177:00 amRNSBadile: First Casing Point
10th Mar 20177:00 amRNSTendrara: TE-8 Final Casing Point
8th Mar 20177:00 amRNSBadile: Drilling Commences
2nd Mar 20177:00 amRNSTendrara: TE-8 Second Casing Point
1st Mar 20172:30 pmRNSTotal Voting Rights
24th Feb 20177:00 amRNSTendrara: TE-8 First Casing Point
21st Feb 201710:25 amRNSPosting of Circular and Notice of General Meeting
21st Feb 20179:22 amRNSDirector/PDMR Shareholding
20th Feb 20177:00 amRNSTendrara: TE-8 Drilling Commences
20th Feb 20177:00 amRNSProposed Acquisition Update
13th Feb 20177:00 amRNSRedemption of Loan and Exercise of Warrants
7th Feb 20175:54 pmRNSBadile Rig Contract: Payment Using Equity
7th Feb 20173:55 pmRNSDirector/PDMR Shareholding
7th Feb 20177:00 amRNSTE-8 Rig Mobilisation
1st Feb 20175:20 pmRNSTotal Voting Rights
1st Feb 20173:50 pmRNSChange of Broker
1st Feb 20172:54 pmRNSPreliminary Volume Estimates and Work Programme
19th Jan 20177:20 amRNSProposed Acquisition of OGIF Interests
19th Jan 20177:00 amRNSSuccessful TE-7 Extended Well Test
19th Jan 20177:00 amRNSTE-8: Commencement of Civil Works
5th Jan 20177:00 amRNSBadile Update and Rig Mobilisation
30th Dec 20163:00 pmRNSTotal Voting Rights
23rd Dec 201612:33 pmRNSDirector/PDMR Shareholding
19th Dec 20167:00 amRNSDirector/PDMR Shareholding and Block Admission
16th Dec 20163:26 pmRNSDirector/PDMR Shareholding
16th Dec 201612:18 pmRNSDirector/PDMR Shareholding
15th Dec 20167:00 amRNSTendrara: TE7 Bottom Hole Pressure & TE8 Location
12th Dec 20167:00 amRNSSidi Moktar: Receipt of Regulatory Approvals
30th Nov 20163:00 pmRNSTotal Voting Rights
29th Nov 20167:00 amRNSBadile: Rig Contract Signature
25th Nov 20167:00 amRNSSuccessful £26.9 million Fundraising at Market
24th Nov 20164:30 pmRNSDirector/PDMR Shareholding
24th Nov 20167:13 amRNSUnderwritten Offers to Raise £24.1 million

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.