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Proactive weekly oil & gas highlights: Sound Energy, Eland, Faroe Petroleum, Eco Atlantic ...
The past week brought well updates, new exploration plans, and some positive production reports.
Company
LON:SOU
Sound Energy PLC is a transition energy focused business. The company's Micro LNG project aims to bring much-needed gas supply to Morocco, reducing the reliance on imported LPG, and playing an important role in the transition to lower carbon energy sources. Gas is also planned to be sold to local power stations via pipeline links, and surplus gas may be sold into the Greater Middle East, displacing the reliance on coal.
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The past week brought well updates, new exploration plans, and some positive production reports.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at the day's major movers, featuring AJ Bell, Genus, CyanConnode, EVR Holdings, Quadrise Fuels and ImmuPharma
The next well in Sound's new exploration programme is located around 25 kilometres northeast of what will become the Tendrara production area
Investments and investor services
"A collective sigh of relief was felt across Oil markets after OPEC+ delegates successfully reached an agreement to cut production by 1.2 million barrels per day," said Lukman Otunuga at FXTM
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It was a week of project updates, deals and contract awards...
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A look back at some of the more interesting stories from the junior market this week...
A1 is some 19 kilometres from the Tendrara production concession area and seen as a potential major expansion of its existing discoveries
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's rippers & kippers, including Centaur Media, Kromek Group, Active Energy, Haydale Graphene, Pipehawk, Mears Group, Rockfire Resources and Greatland Gold
Sound Energy said drill gas readings in both the TAGI and Paleozoic intervals showed a range of C1 to C5 hydrocarbons, which the company believes is further evidence of a working petroleum system
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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A glance at some of the day's highlights from the Proactive Investors newswire
Project updates, placings and the closing of acquisitions all featured in what was another busy week in the oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's shakers and quakers, including Hiscox, Serica Energy, SIMEC Atlantis, Symphony Environmental, Kore Potash, Angus Energy and TomCo Energy
The exploration well seeks to add yet more resources to the Tendrara gas project, where past drilling proved particularly successful
FTSE 100 closed marginally higher but mid-cap cousin FTSE 250 plunged nearly ten points.
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It was another busy week in the small cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the main news-driven risers and fallers in London on Friday ...
The upstream gas company said the first casing point was at a measured depth of 352 metres and that the 13 3/8" casing has been set and cemented in the top of a series of Middle Jurassic Dolomite and Limestones
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
It was another busy week in the oil and gas sector.
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A look at some winning and losing shares in the UK equity market on Wednesday
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A glance at some of the day's highlights from the Proactive Investors newswire
The AIM-quoted gas firm has begun the first of three planned new wells in the Greater Tendrara exploration area, located in proximity to the project's field development area
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
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A glance at some of the day's highlights from the Proactive Investors newswire
Sound is simultaneously advancing a field development project and a new wave of exploration
The first in a series of new Tenderara wells is due to spud in the near future
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A glance at some of the day's highlights from the Proactive Investors newswire
The new drill programme is expected to start next week.
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A glance at some of the day's highlights from the Proactive Investors newswire
It was another busy week of deals and operations updates in the junior oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Thursday
"Our priority so far this year has been the de-risking in Eastern Morocco of both our existing discovery and our significant exploration potential,” Parsons said in the results statement
It was another busy week in the junior oil and gas sector.
A look at some of the London market's biggest risers and fallers on Thursday
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A glance at some of the day's highlights from the Proactive Investors newswire
It is described by chief executive James Parsons as a critical step in commercialising the Tendrara gas discovery
Investments and investor services
The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
"I am delighted to announce that we have contractually secured our rights on this potentially transformational acreage up to 2026”
European benchmarks also took a big hit, while on Wall Street, the Dow Jones Industrial Average is down around 80 points
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A glance at some of the day's highlights from the Proactive Investors newswire
The explorer continues to build its understanding of its lead projects in Eastern Morocco where the next phase promises further 'high impact' possibilities
It was a busy summer's week for the oil and gas sector, after a couple of weeks of lighter newsflow.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's big share price movements, including Mincon Group, TomCo, Chemring, Echo Energy, Paddy Power, BAE Systems, Ocean Wilsons and Fusion Antibodies
The well pad is presently under construction and the rig is now on the way
The UK benchmark of leading shares closed down over 24 points at 7,642.
London's two largest oilers led a busy week, but, there was plenty small cap news too.
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A look at some of the biggest risers and fallers in London on Tuesday
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A glance at some of the day's highlights from the Proactive Investors newswire
As preparations are now advancing ahead of new drilling in Morocco, investor attention will likely rise as the programme approaches
A look at some of the biggest risers and fallers in London on Monday
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A glance at some of the day's highlights from the Proactive Investors newswire
Schlumberger has essentially been a de facto partner in the eastern Morocco venture via a field management agreement, with an interest stake in the project, but, that is now being formally structured into the joint venture
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In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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A glance at some of the day's highlights from the Proactive Investors newswire
JJ Traynor joined the company last September and has now been appointed to the board with immediate effect
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
This week Sound Energy raised new funds for a drilling programme in Morocco
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Monday
The Moroccan-focused upstream gas company said 30,829,308 new ordinary shares were placed with investors at a price of 37p each
The UK blue chip benchmark shed almost 90 points to finish the day at 7,547.
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The week saw some big share price movements for London's junior oil & gas explorers
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
The bulletin board favourite commissioned a new basin modelling study of its eastern Moroccan permits which identified potential for a new oil play over the Anoual licence
FTSE 100 closed around 21 points higher on Friday at 7,636, the FTSE 250 added nearly 147 points at 20,830.
It was a busy week of high profile project updates for the junior oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday afternoon...
The explorer can now advance the first of three planned exploration wells in the broader Tendrara project area
The UK's top share index shed over 131 points at 7,633, while mid-cap brother FTSE 250 was also lower
It was another busy week in the oil and gas sector, thanks to project updates and a variety of progress reports.
Sound Energy is advancing with multiple work-streams which means a number of value catalysts are coming down the line for investors.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
The Tendrara field is expected to yield some 60mln cubic feet of natural gas per day once operational
Footsie closed out down around 23 points at 7,681 and was also down on the week as a whole, off around 0.26%
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Thursday
Chief executive James Parsons described it as a "hugely important milestone " for Sound Energy
The UK's premier share index closed down 7.97 points, or 0.10% at 7,704
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
The explorer described the approval as an important step in the local permitting process
The UK's premier index added over 25 points at 7,712, with resource stocks taking up four of the top five positions.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Tuesday