Sound Energy reaches second casing point at latest Tendrara well
Drilling at TE-7 follows on from the successful TE-6 well, which returned better than expected results and confirmed a significant gas discovery
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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Drilling at TE-7 follows on from the successful TE-6 well, which returned better than expected results and confirmed a significant gas discovery
Daily round up of the day's news headlines from Proactive Investors.
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A look at the small cap oil and gas sector this week, where Gulf Keystone Petroleum featured heavily
A round-up of today's small cap stories on the wire
Work on TE-7 got underway on Thursday with aim of assessing the potential of block ahead of putting together a field development plan.
The latest drilling is taking place around 1.6 kilometres from the site of TE-6 and will go down to 3,440 meters.
Ariana Resources has bolstered its board with the appointment of mining engineer, cloudBuy is to deliver a new online marketplace and Goldplat saw profits surge.
Sound has recruited Brian Mitchener as executive vice president of exploration.
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A round up of oil sector news from the world of Proactive.
Sound Energy shares have already climbed more than 250% since early July, but according Cantor's upgraded target there remains plenty of upside.
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London shares seesawed and ended firmer on Monday thanks to gains by oil prices. The FTSE 100 index closed up 0.2% at 6,809, and was led higher by banks
Significant gas discovery confirmed for Sound Energy, WYG is still picking up EU work and Haydale Graphene has funded a new professorial role at Swansea University.
The SFO investigates Airbus; rail, bus and "do the right thing" delays at Delta Air Lines, Southern Railway and BHS, respectively; Sound Energy - the great lost Madchester band of the nineties; conjugate the verb Gov (YouGov ...)
Chief executive James Parson hailed the group's resounding success as the company confirmed Tendrara as a significant gas discovery.
Miners drove the Footsie higher in early deals but fags makers BATs and IMPs were puffing along towards the back of the Footsie field
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Schlumberger has agreed to provide €7.5mln of drilling services for the Badile prospect in the country’s Piedmont Lombard Basin.
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Round up of this week's oil news from the world of Proactive.
London shares closed near to their session highs on Monday, as overseas takeover trends excited investors
Mirada’s pipeline continues to grow; LGO sees its reserve and resource estimates rise; Europa has some positive news and its recently acquired licences; plus much more…
The price of a barrel of Brent crude declined 2.1% to US$46.61
The FTSE 100 was up 26.76 points at 6,696 by lunchtime
Cancer drug company Tiziana acquires bio-repository assets from Shardna SpA
Sound Energy's Moroccan expansion is showing early signs of success.
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The market was encouraged by Tissue Regenix with the stock advancing 16% over the last five trading days.
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The weekly round up of oil sector news from the world of Proactive.
London shares closed on Monday at their highest level in exactly eleven months, feeding off Wall Street’s record levels
Epistem formally changes its name, a double dose of good news for Tissue Regenix and Sound Energy's Tendrara project 'above expectations'.
The FTSE 100 Index climbed 55.17 points while M&A talk involving AstraZeneca re-emerged
IG Design Group buys US home décor and lifestyle product supplier Lang Companies
Chief executive James Parsons said he was absolutely delighted to report the "early and potentially very material success".
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The FTSE 100 Index climbed 10.68 points to 6601.32 while the FTSE 250 rose 119.76 points to 16297.51
A round up of all the oil related headlines from the world of Proactive.
Leni Gas Cub shareholders unanimously approve reverse take-over bid, StratMin Global Resources enters into a conditional sale and purchase agreement with Bass Metals and progress at Rare EarthSonora lithium project in Mexico is going well.
It's an ill wind and all that ... AB Foods said that thanks to sterling's collapse, it no longer expects a decline in adjusted EPS this year
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Sound Energy received a non-binding expression of interest from Oil & Gas Investment Fund
He has over 25 years' experience in the oil and gas industry and was chief operating officer at Galp Energia for three years
A director of Sound Energy is stepping down; Rambler Metals swings to a profit; Forbidden announces its latest contract win; and much more…
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Cuts to the price targets of Next and Frankie & Benny’s owner Restaurant Group were the highlights of a fairly quiet Monday on the broker front
Lekoil nears commercial production in Nigeria; Sound Energy ready to start drilling second well; and Armadale records high graphite grades
The name of Richard Branson's company slips my mind for the moment ... Also featured: tax dodging, pension black holes, success for Sound Energy and GameAccount Network
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A fairly quiet week in the small cap oil sector, but there were some notable announcements.
Name change for Obtala Resources, a spot of bother at US customs for PureCircle and Sound Energy completes first drilling in Morocco.
Sound Energy has completed drilling at its first Tendrara well in Morocco.
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The weekly round up news and updates from the world of oil
Sound Energy's Morrocco well is positioned just above its target, DekelOil is increasing its stake in an Ivory Coast palm oil operation and Ormonde mining plans to extend its Spanish mine.
As Sound Energy prepares to drill into the Tendrara well's target, the company released financial results for 2015 - revealing it was in a 'very robust' position.
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The weekly round up of oil industry news from Proactive.
Around 7% of Burberry's shares have been shorted. Meanwhile, The Share Centre reports that 2015 was the worst year for FTSE 350 companies' results since at least 2007.
Versarien pairs with winter Olympian, Ten Alps wins a Bafta and Antonio Banderas to star in SyndicateRoom's film.
The Badile well, to target 178bn cubic feet of gas, has been approved for drilling by the Italian Ministry of Economic Development.
Sound Energy unveils a bond deal, Northern Petroleum hit by bad weather and Summit Therapeutics sees rapid progress.
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Patagonia Gold shot up after all resolutions were passed at the AGM and the response to the open offer was revealed as strong
In one of Thursday’s two quick fire statements the company told investors that the final approval meeting was complete, and a decision on the proposed Badile well would be in the post next month.
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The week ended with Alaska- focused 88 Energy ltd confirming it is currently looking to raise between £5.43mln (A$10mln) and £8.14mln (A$15mln).
Final results will be announced after the end of drilling and testing operations, approximately 80 days after the spud day.
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Oilex shares almost doubled on Friday, 88 Energy in focus after 'billion barrel' estimates, and of course there were many other notable stories.
The payment was triggered by a clause in the prior sales agreement for the Bangkanai licence in Indonesia, where operational milestones have now been reached.
Falcon Oil & Gas is at the advanced stage of preparing for a new drill programme in Australia.
Sound Energy Plc's latest deal in its evolution, as it continues to focus on assets that can be quickly developed to gas production.
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Magnolia petroleum updates on new wells, Sound Energy confirms new acquisition and EG Solutions face a partner bankruptcy.
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Quartix ahead of expectations, Sound Energy knocks €0.5mln off the cost of its project in Italy and good news for 88 Energy.
Sound signed the MOU with Pergemina for the 3000 HP EMSCO C3 No.29 rig, which is already in Italy.
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A 'deeply insulting' takeover for Petroceltic, ministry approval for North River and Japanese success for Photo-Me.
The Moroccan National Environmental Committee has now given its approval for two wells, and the rig is on its way to the site.
Finncap has repeated a ‘buy’ recommendation, with a 32p price target.
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Everything appears to being going to plan for 88 Energy in Alaska...
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The FTSE 100 closed out Monday at 5,824, some 116 points or 2% higher, as attentions remained on London.
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The FTSE 100 Index gained 93 points to 5801 as the Nikkei closed more than 1,000 points ahead
A binding rig contract has been signed with Saipem for a National 110 UE (1500 HP) traditional rig.
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Specialist security group Westminster saw shares advance as cargo screening operations began at Freetown International Airport (FNA) in Sierra Leone, West Africa.
The FTSE 100 Index gave up early gains as banks fell but AstraZeneca was among the risers
Sound expects to start drilling its first well at the Tendrara licence, in north east Morocco, within the coming weeks.
The FTSE 100 Index began the session on the front foot, then receded to stand 3.4 points adrift at 5685
Output will now increase over the coming months to a planned production rate of 1.8MMscf/d
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China Nonferrous Gold said non-executive director Abuali Ismatov has today resigned from the board for personal reasons.
Main share price risers and fallers in London at around 1.45pm
The new permit, Meridja, covers a 9,000 sq km area adjacent to the Tendrara licence
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Here’s the small cap news highlights from this past week.
Earnings reports from oil supermajors dominated the market headlines this week.
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Today we reported that intellectual property investor Imperial Innovations is raising £100mln after placing 23.5mln new shares at 425p apiece with institutional investors. The funds will be used to invest in target sectors and invest in exi
First gas at Nervesa, onshore Italy, marks an important achievement to kick off a busy year for Sound Energy.
The company continue to have “positive dialogue” with the Italian authorities and that no objections have been raised regarding the project.
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Shareholders signed off Shell’s acquisition of BG.
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The FTSE 100 Index recovered to stand 9.65 points off at 5867 by lunchtime
Investments and investor services
The FTSE 100 Index tumbled 83.76 points to 5793 as oil prices fell back below US$30 a barrel
Sound Energy to take 75% and become Sidi Moktar operator
It's not often the Bank of England and pop music get mentioned in the same breath, but the idea of putting Bowie on bank notes - all of them, perhaps - has some merit.