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Sound Energy PLC

Sound Energy buoyed by funding news while 88 Energy investors wait patiently

Proactive Investors oil and gas correspondent Jamie Ashcroft talks through today's funding offer for Sound Energy PLC's (LON:SOU) eastern Morocco gas project.

The indicative, non-binding proposal is from Advisory & Finance Group Investment Bank (AFG), a Moroccan financial institution that funds Oil & Gas Investment Fund (OGIF), Sound Energy’s partner and soon-to-be major shareholder.

Ashcroft also puts 88 Energy Plc (LON:88E, ASX:88E) under the microscope -- telling Andrew Scott that Icewine-2 has yet to deliver the sort of decisive result that investors have been hoping for.

The Alaska-focussed explorer, in a stock market statement, told investors that a week after restarting flow back operations the Icewine-2 is presently flowing back frack fluid at a rate of 70 barrels of oil per day.

Quick facts: Sound Energy PLC

Price: £0.08

Market: AIM
Market Cap: £86.65 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