Sound Energy confirms Sidi Moktar acquisition
It has now signed a binding deal with Maghreb Petroleum Exploration for the transaction which was initially agreed in October.
Company
Sound Energy PLC
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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Proactive news highlights: APC Technology, Patagonia Gold, Cloudtag, Corero Network and more
African Potash, e-Therapeutics and sound Energy also reported on Wednesday
Sound Energy set for Nervesa start-up in early February
Production could start at Nervesa in early February, success is now more likely at Badile and in Morocco ground works will start next month too.
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Proactive news summary: 88 Energy, African Potash, Avation, Galasys, MySquar, NQ Minerals, Sound ...
Some uplifting news from the energy sector today but sadder news elsewhere from the resources industry
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FTSE 100 rises 60 points despite resources millstone
While it is unlikely the Footsie will finish the year in credit, three more days of 60 points gains will see it go close
Risers & Fallers: Allied Minds, Anglo American, Jimmy Choo, Hikma Pharmaceuticals, Ocado, Serco Gp
At 10.30, the FTSE 100 index was up 22 points at 6,277.
Sound Energy signs three well deal with Schlumberger in Morocco
The deal relates to the Tendrara licence where oil services giant has agreed to fund 80% of the investment in the first hole and 75% of the second and third.
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Proactive news summary: 88 Energy, Amedeo, Caledonia Mining, Gemfields, Oilex, REM, Sound Energy ...
Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
Sound Energy working on Nervesa grid connection
The work is expected to take 40 days and commercial production to commence once it is hooked up.
Investments and investor services
Proactive news highlights: MX Oil, W Resources, Alecto Minerals, Metal Tiger and more...
African Potash, Sound Energy and Tungsten Corp also had news out on Wednesday
Investments and investor services
Risers & Fallers: Photonstar, Sound Energy, W Resources...
Below are the main news-driven share price movements at 4pm
Sound Energy completes Tendrara farm-in
Terms have also been agreed with Entrepose Drilling Morocco for the supply of a HH300 rig,
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Brokers: Retailers. Betfair, Lloyds Banking, Talk Talk
Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
Investments and investor services
FTSE100 ends lower on geopolitical conerns
The shooting-down of a Russian jet by Turkey unsettled traders
Investments and investor services
Proactive news highlights: AFC Energy, Stellar Diamonds, Eckoh, PureCircle and Clinigen
Anglo Asian Mining, Kefi Minerals and Andes Energia also has news out today
Downing of Russian jet shakes London shares
The FTSE 100 Index dropped 79.95 points to 6225 at lunchtime
Investments and investor services
Airlines lose height as higher oil prices and terror fears weigh
Concern about higher fuel costs hit shares in airlines
Sound Energy lops one-sixth off cost of Badile well
The increased availability of rigs as exploration activity tapers off has enabled Sound to cut the expected cost of drilling the Badile well in northern Italy.
Weekly Oil & Gas highlights – Falcon, Egdon Resources, Europa, 88 Energy, Trinity Exploration, Sound Energy, Genel & others
Small cap firms were boosted by fast-track news, as the pace picked up for key projects.
Investments and investor services
FTSE 100 rouses itself after ECB press conference
The only way was up after Mario Draghi's press conference proved sweet music to the ears of the bulls
Archive
Proactive news summary: 88 Energy, Egdon Res, Europa Oil & Gas, Falcon Oil & Gas, Galasys, IMIC ...
Lots of positive news from the oil sector today from places as far afield as Morocco, Alaska and ... er ... Lincolnshire.
Traders sit on sidelines ahead of European interest rate verdict
The FTSE 100 Index was 7.5 points down at 6340 in lunchtime trading
Investments and investor services
London shares fall ahead of ECB rate decision
The FTSE 100 Index was 5.73 points down at 6342 in early trading
Sound Energy moves forward with Sidi Moktar acquisition
“An interest in Sidi Moktar would also represent the second material asset in Sound Energy's onshore Moroccan gas portfolio," James Parsons said.
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Broker spotlight: Berkeley Energy, IOG, Pearson, Sound..
Investec thought things had bottomed out at Pearson: the broker was wrong
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Proactive small cap news highlights - Asiamet, Metminco, Trinity Exploration, Sound Energy, SacOil, Oilex, Photo-Me, Globo & others
Asiamet saw a resource upgrade, Metminco got a boost in its partnering efforts and Sound Energy's teamed up with Schlumberger
Sound Energy and Schlumberger to collaborate
A memorandum of understanding has been signed by the two companies to work together, with the first project to be Tendrara.
Sound Oil evolves into Sound Energy as it focuses on being a Mediterranean gas business
The launch event at The Shard, the iconic skyscraper in in the heart of the City of London, is likely to be a high energy event where investors will hear first-hand from the executive their plans for the business.
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Proactive news highlights including Goldplat, Fasatjet, Avation, Kromek, ANGLE, Tern and more...
A look back at the main news from the small cap space.
Sound Oil reveals boardroom reshuffle
Simon Davies expects Liddell and Whyte to be "of great value" to Sound Oil
Archive
Proactive news summary: African Potash, Highland Natrual Resources, President Energy, Servision ...
The big news today was the swoop for Densitron Technologies by gaming machine hardware maker Quixant.
Sound Oil's outlook impresses brokers
The company is working towards first gas, expected later this year, from the Nervesa project in Italy.
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Proactive news highlights, including Galasys, Rambler Metals, Genel Energy and Falcon Oil & Gas
It was fairly quite on the corporate front, but the news was varied...
Chinese and eurozone economic figures lift shares
dealers took heart from better-than-expected Chinese trade data
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FTSE100 closes higher as ‘dip’ buyers still step in
Dealers took heart from better-than-expected Chinese trade data
Investments and investor services
London shares gain as traders brush off negative Chinese data
China's currency reserves shrank at biggest rate ever in August
Sound Oil says drill preparations in Morocco are at advanced stage
Nervesa is due to start production later this year
Investments and investor services
Proactive news highlights: Lekoil, LGO, KEFI, Gemfields, Proxama, Range Resources, Soun Oil and more
Oil and mining dominated the news on a busy Monday...
Sound Oil to start diligence work on second Morocco asset
Sound is looking to buy a company that owns a 25% working interest in the Sidi Moktar licence.
Investments and investor services
Proactive news summary: Alexander Nubia, Dragon Oil, Eland, Golden Saint, Kincora, Petro Matad....
Mongolia is in focus today ... and it is not often you can say that
Investments and investor services
Footsie in wait-and-see mode ahead of US jobs report
The US jobs report could give a pointer to when the starting pistol will be fired on the cycle of interest rate rises
Archive
FTSE 100 eases lower ahead of US employment data
Footsie was twelve points lower at 6,735 aged of non-farm payrolls.
Sound Oil to become Sound Energy as gas takes prominence
The date of the change of name is expected to be 1 October.
FTSE fades after US jobs data
The top-share index saw the week's gains roughly halved
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FTSE100 closes lower as Carney's comments spook traders
FTSE100 did not manage to get into positive territory on Thursday and closed down around five points...
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Proactive news summary, including Genel Energy, OPG Power, Sphinx Resources, Tango Mining and Teathers Financial
A mixed news bag from the small caps on Thursday....
Investments and investor services
Shares pare losses on UK interest rate decision
Traders cheered by signs that cost of borrowing may not rise until 2016
Investments and investor services
Most followed: Aviva, RSA Insurance, Shell, Sound Oil, Super Thursday, ValiRx, Zurich Insurance
Bank of England governor Mark Carney hopes the adoption of Three-In-One will oil the decision making process.
Investments and investor services
Oil majors drag London market lower as crude prices fall
Miners rise after upbeat results from gold producer Randgold Resources
Investments and investor services
Risers & Fallers: ECR Minerals, Old Mutual, Premier Oil, Teathers Financial and more...
Old Mutual was higher after its first half results.
Sound Oil inks gas sales deal for Nervesa field
This represents Sound Oil's first engagement with Shell
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Proactive news summary, including Jubilee Platinum, Metal Tiger, Lydian International, Sound Oil and Strategic Minerals
Shares in Jubilee Platinum soared today on disposal news....
Risers & Fallers: Jubilee Platinum, Rurelec, Strategic Minerals, Ferrum Crescent and more
Jubilee Platinum led the risers as it sold its smelter and power operations in South Africa for £5.8mln. Rurelec led the fallers.
UPDATE - Sound Oil receives production concession for Nervesa project
Sound Oil can now start commercial production from the successful Nervesa well
Sound Oil gears up for high-impact three-well drilling programme in Morocco and Italy
If oil and gas game is about winners and losers, Sound Oil is firmly in the former category, Stewart Dalby tells us.
Archive
Proactive news summary: 88 Energy, Amur Minerals, Atlantis Res, Brady, Deltex, Eurasia Mining...
A round-up of the significant news in the Proactive universe
Investments and investor services
Most followed: Brady, Co-Op, Deltex, John Lewis, Gala Coral, Ladbrokes, Quindell, Sound Oil
John Lewis overtakes the Co-op in the mutual stakes, while Quindell is back in the dog-house.
Sound Oil raises nearly £3mln through open offer
Shareholders took up 15.59mln of the 18.2mln new shares on offer
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"Our Moroccan country entry is the first transformational transaction in pursuit of our Mediterranean gas strategy,” CEO James Parsons
Investments and investor services
FTSE 100 opens lower; Greece weighs on markets again
The FTSE 100 was 40 points lower to 6,670 in early deals this morning.
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Hardware & electrical equipment
US shares open on the front foot
The FTSE 100 was lower at lunch to 6,681 as Greece remains in stalemate with its creditors.
Investments and investor services
Proactive news summary - Abzena, Oilex, Sound Oil, Ariana Resources, Range Resources, Ormonde Mining
There were a number of good news stories to come from the world of small caps today.
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Monday's most followed, including Andy Murray, Seedrs, Vodafone, Armadale Capital, Minera and Atlant
Tennis star Andy Murray has teamed up with a leading crowdfunding platform.
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Risers and fallers: Range Resources, Trap Oil, Cyan Holdings, Alba Minerals, Beowulf Mining
Risers & Fallers, including Armadale Capital, Atlantic Coal, Vodafone and Shire
UPDATE - Sound Oil mulls stimulation of new Nervesa well
Sound Oil will decide whether or not to stimulate the new Nervesa well following clean-up operations