Sound Energy launches farm-out process for Sidi Moktar onshore gas project
It is expected that the farm-out will help fund the planned 2018 work programme at Sidi Moktar
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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It is expected that the farm-out will help fund the planned 2018 work programme at Sidi Moktar
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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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 Monday
The oil and gas explorer said the CPR had confirmed preliminary results for the A1 prospect, which had registered between 278bn cubic feet and 1.25trn cubic feet of gas
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In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Well updates, executive interviews and financial results statements provided this week's highlights.
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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
The new competent persons report confirms the very significant potential remaining at Tendrara in the wake of Sound's recent successes
Sound Energy has been promoting its 'Access all areas' day over social media, sharing images and insights with investors.
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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 today
Nearly 26% of Coro Energy will be handed out to Sound Energy shareholders to hold directly
The UK blue chip share index finished around 11 points higher at 7,194
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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
Production is targeted for later this year, meanwhile, further exploration and appraisal is planned
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In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
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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
Sound shareholders will receive a total of 185.9mln Saffron shares, in proportion to their holdings in Sound
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FTSE 100 closed down around six points at 7,132 but big cap miners were up
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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
Sound intends to hand over the Saffron/Coro consideration to its shareholders directly, rather than hold the stake within the company
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A glance at some of the day's highlights from the Proactive Investors newswire
"Sidi Moktar represents an exciting second leg to our Moroccan portfolio, following on from Sound Energy's success at Tendrara,” said James Parsons, Sound chief executive
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The index of blue-chip shares eased off a little in the final half-hour
This week the oil and gas sector brought news of new exploration plans, project updates and financial results.
“Success at any one of these wells ... will likely be a step change in this new hydrocarbon province."
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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 falls on the London market today
The first of three planned wells is due to kick off in July, meanwhile, the explorer is finding confidence in ongoing surveying operations in Eastern Morocco
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The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven share price changes in London on Wednesday ...
Britain's top tier index closed around 54 points lower at 7,533
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the day's big movers, such as Altyn, Thor Mining, N Brown, and Pets at Home
Non-executive chairman Stephen Whyte has stepped-down as he intends to spend more time on his recently increased number of non-executive board appointments
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the day's major movers, such as Indivior, Greatland Gold, Ocado, Connect Group, Quadrise Fuels.
The deal remains conditional on Saffron completing a fund raise as well as the approval of Saffron shareholders
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A look at some of this week's highlights from junior oil & gas companies
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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 today in London
The area assessed by RPS Energy represents just 1% of the total Eastern Morocco project area and fresh exploration work is being advanced
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The FTSE 100 index closed down 18.87 points at 7,525 on a day of light volumes
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A glance at some of the day's highlights from the Proactive Investors newswire
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Cancer Research UK was immensely impressed with the company and its technology
“The seismic data density and integrity is of the high quality expected and already clearly highlights the 'A' structure,” Sound said in a statement
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London's junior oil firms reported progress with operations this week
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Some of the biggest risers and fallers in London on Thursday
The 11.2 TCF number represents the ‘high case’. The ‘best case’ estimate sets the bar at 8.9 TCF, while the ‘low case’ is for a still substantial 6.7 TCF of gas
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The blue-chip benchmark closed in negative territory as sterling rose
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A look at some of the day's highlights from the Proactive Investors newswire
Bagir, Bonmarche, Thomas Cook, William Hill, Feedback Plc, SDX Energy and Sound Energy were among the in-focus stocks on Monday morning.
“The company confirms receipt of a preliminary high resolution FTG and magnetic dataset, delivered on schedule and to budget, with highly encouraging results,” Sound said in a statement
New discoveries and new funding deals made the small-cap oil and gas news this week.
Sound Energy is stripping out its Italian assets as it continues to focus on new Moroccan programmes
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A glance at some of the day's highlights from the Proactive Investors newswire
SSE may have rallied, but Centrica remained down in the dumps, after HSBC trimmed its price target for the British Gas owner to 190p from 202p.
Chief executive James Parsons, who will chair the new company, described the share-based transaction as an "elegant exit" for Sound Energy
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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A glance at some of the day's highlights from the Proactive Investors newswire
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Peter Allen will not be going back to the Future board room after February's AGM
“The three well exploration programme we are announcing today has the potential to significantly increase the core value of our Moroccan acreage," James Parsons said
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
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As one might expect, we'd be better off buying and holding NCC and Rosslyn rather than buying, selling and then buying them back
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Hurricane Energy is advancing the Lancaster early production, while Sound and 88 Energy were also in the news this week.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers at 3.45pm...
Sound is advancing the Tendrara discovery towards commercialisation, with final investment decision due in early 2018
Sound has completed its acquisition and it is now advancing its portfolio of assets in western Morocco.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers at 3.30pm...
The completion has been expected for some time, and Sound Energy has already prepared exploration programmes for the newly acquired areas
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After a longish break working on the Proactive US site (and then working on his tan), John Harrington is back with a fresh batch of momentum stocks
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A glance at some of the day's highlights from the Proactive Investors newswire
“Sound's strategy is delivering for our shareholders and JJ's appointment reinforces our commitment to building a strong management group with real industry experience"
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A glance at some of the day's highlights from the Proactive Investors newswire
On Monday, the Morocco-focussed gas junior told investors that it had received a funding offer for its eastern Morocco gas project
A look at some of the top risers and fallers in London today
The offer, from a Moroccan investment bank, could unlock a critical element of Sound's commercialisation plan for the significant Tendrara gas discovery.
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A glance at some of the day's highlights from the Proactive Investors newswire
The explorer is working to focus attention on successes in Morocco, rather than dwelling on the disappointment of the Badile well
The FTSE 100 rose 63 points to 7,382 and the pound has slipped amid Brexit fears
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A glance at some of the day's highlights from the Proactive Investors newswire