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'It's hard not to be encouraged' by upcoming production at Sidi Moktar for Sound Energy

Proactive Investors Oil & Gas correspondent Jamie Ashcroft talks through the news from Sound Energy PLC (LON:SOU) that gas production is on the horizon at the Sidi Moktar project in Morocco.

In a statement, Sound told investors that the re-entry into Sidi Moktar’s Koba-1 well has been successful – the well was re-entered, perforated and gas has been flared at surface.

It comes just a few days after the company told investors that the gas discovered in the Badile exploration well is likely to be “sub-commercial”.

Quick facts: Sound Energy PLC

Price: 2.865 GBX

AIM:SOU
Market: AIM
Market Cap: £30.93 m
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Sound Energy entering increasingly busy period with multiple work-streams...

Proactive Investors oil and gas correspondent Jamie Ashcroft spoke to Andrew Scott as shares in the Morocco-focused gas junior Sound Energy PLC (LON:SOU) enjoyed a 25% rise this week after the company issued five stock market statements in five days. The daily communications included...

on 8/6/18

2 min read