Sound Energy plc

Equities

SOU

GB00B90XFF12

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:29 2024-04-26 am EDT			5-day change	1st Jan Change
0.82 ^GBX	+5.13%		-2.38%	+14.69%

Apr. 24	EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	AN
Apr. 24	Sound Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Sound Energy deal may help "double proven reserves"

July 12, 2023 at 06:10 am EDT

(via NewsDirect)

Sound Energy PLC (AIM:SOU, OTC:SNEGF) executive chairman Graham Lyon speaks to Thomas Warner from Proactive after the transition energy focused business announced a project debt financing deal as well as a new partner to share the development of the Tendrara gas project in eastern Morocco. Lyon provides some details about the debt financing deal before going on to explain why Sound Energy has opted for Calvalley Petroleum as a partner, highlighting the possibility of "doubling the size of the company's proven reserves."

Contact Details

Proactive UK Ltd

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Latest news about Sound Energy plc

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	Apr. 24	AN
Sound Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 24	CI
RBG sells Convex; Nexteq eyes share buyback	Apr. 03	AN
Capital Power Says Completed Acquisition of 50.15% interest in the Frederickson 1 Generating Station	Dec. 28	MT
Sound Energy Completes Restructuring of 5% Senior Secured Notes	Dec. 04	MT
Sound Energy noteholders vote in favour of bond restructuring	Dec. 04	AN
Sound Energy plc Issues New Shares in Note Conversion Deal	Nov. 30	MT
Franchise Brands trading in line; Tribe secures loan	23-10-25	AN
Sound Energy Secures Extensions for Gas Sales Agreement, Funding Offer	23-10-25	MT
More On Capital Power Announcing Agreement to Acquire 50.15% interest in Frederickson 1 Generating Station	23-10-10	MT
Capital Power Brief: Announced Agreement to Acquire 50.15% interest in Frederickson 1 Generating Station	23-10-10	MT
EARNINGS: Aurora Investment recovers; Chesnara swings to profit	23-09-21	AN
Earnings Flash (SOU.L) SOUND ENERGY Reports H1 Loss GBX-0.47	23-09-21	MT
Sound Energy plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-21	CI
Sound Energy says Morocco assets unaffected by earthquake	23-09-13	AN
Sound Energy Says Assets in Morocco Safe After Earthquake	23-09-13	MT
Sound Energy in partial conversion of convertible loan note	23-09-01	AN
Sound Energy to Issue Over 22 Million Shares Under Convertible Loan Note Agreement	23-07-27	MT
AIM WINNERS & LOSERS: Aferian expects reduced interim revenue	23-06-28	AN
Sound Energy receives financing offer for gas field project in Morocco	23-06-28	AN
Sound Energy plc Announces Appointment of Simon Ashby-Rudd as Independent Non-Executive Director	23-06-26	CI
Sound Energy Resolves Tax Disputes with Moroccan Tax Authority	23-06-22	MT
Sound Energy says Moroccan tax court case formally closed	23-06-22	AN
AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000	23-06-22	AN
FTSE 100 struggles ahead of anticipated BoE hike	23-06-22	AN

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Company Profile

Sound Energy plc is a United Kingdom-based transition energy company. The Company's principal activities are the exploration, appraisal and development of gas assets. Its principal area of activity is Morocco. The Company's Eastern Morocco licenses include Tendrara Concession, Greater Tendrara and Anoual. It owns around 75% of Tendrara Concession with production permit of 133.5 square kilometers (km2) acreage. Its Eastern Morocco Licenses comprising the concession together with the Anoual and Greater Tendrara exploration permits are positioned in a region containing a potential extension of the established petroleum plays of Algerian Triassic Province and Saharan Hercynian Platform. These licenses cover a surface area of over 23,000 km2. The Greater Tendrara's permit area surrounds the Tendrara Production Concession. The Company owns around 75% of Sidi Moktar license, which is located in the Essaouira Basin, in Southern Morocco. The license covers a combined area of over 4,712 km2.

Sector

Oil & Gas Exploration and Production

Calendar

2024-04-30 - Q4 2023 Earnings Call

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.0082 GBP

Average target price

0.046 GBP

Spread / Average Target

+460.98%

Consensus

Annual profits - Rate of surprise

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