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Sound Energy moves rig on site ahead of work-over programme at Sidi Moktar

Proactive Investors Oil & Gas correspondent Jamie Ashcroft looks back on what's been a busy week for the sector.

Sound Energy PLC (LON:SOU) revealed details of its preparations for work-over programmes at the Sidi Moktar gas project onshore Morocco.

88 Energy Plc (LON:88E) confirmed that the drilling phase of the pivotal Icewine-2 programme is now complete, with the well reaching target depth of 11,450 feet.

Ashcroft also talks through the latest developments with Hurricane Energy (LON:HUR), Tullow Oil (LON:TLW) and Cairn Energy (LON:CNE)

Quick facts: Sound Energy PLC

Price: 2.8525 GBX

AIM:SOU
Market: AIM
Market Cap: £30.8 m
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Investor Update: Sound Energy agrees deal to sell stake in East Morocco

Headlines from the Proactive UK newsroom. Sound Energy (LON:SOU) has signed a preliminary agreement to sell just over half its stake in its Tendrara licences in East Morocco for US$113mln. The consideration is US$54mln cash and the rest is a carry for future capital...

on 6/11/19

2 min read