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'It's hard not to be encouraged' by upcoming production at Sidi Moktar for Sound Energy

Proactive Investors Oil & Gas correspondent Jamie Ashcroft talks through the news from Sound Energy PLC (LON:SOU) that gas production is on the horizon at the Sidi Moktar project in Morocco.

In a statement, Sound told investors that the re-entry into Sidi Moktar’s Koba-1 well has been successful – the well was re-entered, perforated and gas has been flared at surface.

It comes just a few days after the company told investors that the gas discovered in the Badile exploration well is likely to be “sub-commercial”.

Quick facts: Sound Energy PLC

Price: 1.0105 GBX

Market: AIM
Market Cap: £11.74 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