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Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

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2.10    0.00 (0.00%)
Bid:
2.00
Ask:
2.20
Spread: 0.20 (10.00%)
Market Cap: £4.80m
SOU Live PriceLast checked at - London Stock Exchange

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Tendrara Update

18 Jul 2016 12:00

RNS Number : 4637E
Sound Energy PLC
18 July 2016
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18 July 2016

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Sound Energy plc

("Sound Energy" or the "Company")

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Tendrara Update

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Following the recent share price increase, Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to update the market on continued positive developments at the Company's Tendrara licence.

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The Company continues with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announce that it has already achieved a very significant gas flow rate which is in the process of stabilising during the clean up process. The rate is already highly commercial and well above initial expectations. The Company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time.

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This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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For further information please contact:

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Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

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Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer

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j.parsons@soundenergyplc.com

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

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Tel: +44 (0)20 7131 4000

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

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Tel: +44 (0)20 7894 8896

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The information contained in this announcement has been reviewed by Sound Energy's Moroccan Managing Director, Luca Madeddu, a qualified petroleum geologist.Β 

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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MSCUWVRRNWABAAR
Date   Source Headline
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21st Oct 20157:00 amRNSStrategic Collaboration and Tendrara Term Sheet
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30th Sep 20153:00 pmRNSTotal Voting Rights
30th Sep 20157:00 amRNSIssue of Options and Director's Dealing
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28th Sep 20157:00 amRNSDirectorate Change
25th Sep 201511:29 amRNSDirector/PDMR Shareholding
24th Sep 201512:02 pmRNSDirector/PDMR Shareholding
24th Sep 20157:00 amRNSHalf Yearly Report
8th Sep 20157:00 amRNSItaly: Portfolio Update
8th Sep 20157:00 amRNSMorocco Update: Tendrara Technical Evaluation
7th Sep 20157:01 amRNSExclusivity on Second Moroccan Acquisition
3rd Sep 20157:00 amRNSChange of Adviser
1st Sep 201510:00 amRNSTotal Voting Rights
17th Aug 20153:15 pmRNSBlock Admission
13th Aug 20151:40 pmRNSIssue of Equity
7th Aug 20157:00 amRNSName Change to Sound Energy
6th Aug 20157:00 amRNSGas Sales Agreement with Shell Energy Italia
3rd Aug 201512:33 pmRNSTotal Voting Rights
29th Jul 20158:00 amRNSIssue of Equity
21st Jul 20158:31 amRNSIssue of Equity

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