UK markets open in 6 hours 51 minutes
NIKKEI 225
26,422.05 0.00 (0.00%) HANG SENG
17,165.87 -85.01 (-0.49%) CRUDE OIL
81.67 +0.44 (+0.54%) GOLD FUTURES
1,672.70 +4.10 (+0.25%) DOW
29,225.61 -458.13 (-1.54%) BTC-GBP
17,525.38 +6.75 (+0.04%)
Sound Energy plc (SOU.L)
LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
Add to watchlist
At close: 04:35PM BST
Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.
© 2022 Yahoo. All rights reserved.
We could easily expect 150%+ in the near to mid term future stock price.
I’ve just started my position here with 354,000 shares.
GLTA whatever you’re position
Sound Energy plc
("Sound Energy" or the "Company")
Eastern Morocco Update: Anoual Exploration Permit
Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that it has, together with its licence partners, successfully concluded a re-negotiation of the terms of its Anoual Exploration Permits (the "Permit') with Morocco's National Office of Hydrocarbons and Mines ("ONHYM") which aligns the work programme commitments on the Permit and the Company's continued pursuit to unlock the exploration potential of the Eastern Morocco basin, with the expected phasing of the Company's recently announced Tendrara Production Concession Phase 1 development plan.
The British gas company Sound Energy, which plans to build a liquefied natural gas (LNG) micro-plant in Morocco, has announced that it has chosen Afriquia Gaz as its logistics and commercial partner.
The announcement was made in an interview with the English news website London South East by Graham Lyon, Executive Chairman at Moroccan gas explorer and developer Sound Energy, which owns the Tendrara gas concession, in the province of Figuig, in eastern Morocco.
He said in the detailed interview that Afriquia Gaz, a subsidiary of AKWA Group, is the downstream gas off-taker helping to finance the Phase-1 Micro LNG deal.
“We have made substantial progress in discussions, particularly over Easter. Afriquia Gaz is one of the major players in Gas and LNG distribution in Morocco and is confirmed as our business partner.”
As to the reasons behind the choice of Afriquia Gaz as a partner, he explained that “Afriquia Gaz have a large share of the Moroccan LPG market, they know the market, they are very strong financially and their major shareholder is one of the largest conglomerates in Morocco. The LNG market is new to Morocco and we can think of no better partner to penetrate the market with. They are in a strong position to provide their clients with LNG rather than LPG.”
At the end of March, the British company indicated that it was in exclusive talks with the Italian Italfluid Geoenergy with a view to building an LNG micro-plant in Tendrara. The production start of this plant is scheduled for 2021. Sound Energy estimates the production of this field at nearly 100 million standard cubic meters of gas per year, for 10 years.