Sound Energy investors can start looking forward to new exploration catalysts
Seismic exploration equipment has arrived in Morocco ahead of the group's next programmes to follow up the success at the Tendrara field
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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Seismic exploration equipment has arrived in Morocco ahead of the group's next programmes to follow up the success at the Tendrara field
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Some of the day's headlines on the Proactive Investors newswire
It comes after the group agreed a deal to acquire exploration acreage in the vicinity of the Tendrara field, in eastern Morocco
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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Some of the day's headlines on the Proactive Investors newswire
Oil companies expert Malcolm Graham Wood said Tuesday's update was good news.
A glance at some of the bigger risers and fallers today in London ...
Sound Energy said its proposed pipeline route has been cleared by the local authority, paving the way for engineering and commercial activities necessary to support final authorisation
With an hour and a quarter of trading to go, the UK benchmark index was ahead 58 points at 7,430, just easing back from the afternoon peak of 7,438.90
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Sound Energy turned the conversation to it successes at Tendrara, in eastern Morocco, where it is now planning its next moves.
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Some the main stories on the Proactive newswire today
“What is clear is that there is a huge amount to be done operationally in order to prove up resources," says finnCap analyst Dougie Youngson
A look at some of the main news-driven risers and fallers in London
Chief executive James Parsons says the rest of 2017 will see a busy operational period for Sound Energy
London stocks were on the front foot this morning, but they quickly retreated this afternoon...
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A glance at some of the stories on the Proactive newswire today