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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The company has also confirmed it will go it alone with the exploration of Sidi Moktar thanks to its strong financial position, rather than bringing in a partner.
The UK prime minister has announced a snap general election for 8 June
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A look back at the week’s highlighted news for junior oilers
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A glance at some of the stories on the Proactive newswire today
Highlands Natural Resources and Highland Gold Mining were both among the big losers today
The Morocco and Italy focused gas specialist’s next stop is the fourth casing point at 3,490 metres. The well will go down to a total depth of 4,445 metres.
Two companies, three wells
Archive
A look back at the week’s highlighted news for junior oilers
Archive
A glance at some of the stories on the Proactive newswire today
Chief executive James Parsons bought around £20,000 worth of shares at 73.965p.
Donald Tusk, the president of the European Council, will publish a short statement acknowledging that Article 50 has been triggered
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A glance at some of the stories on the Proactive newswire today
Sound Energy earlier today confirmed a significant extension of the Tendrara field in Morocco.
Some of the main share price risers and fallers in London at 3.45pm
The well confirms the extension of the TAGI gas reservoir across the 12km step-out, albeit at a lower quality here, and it also 'opens' the Westphalian sands (Morocco's primary gas play) in the Tendrara acreage.
Archive
A look back at the week’s highlighted news for junior oilers
Main share price risers and fallers in London at 3.45pm: Ilika, Halma, Public Service Props
The drill bit at Badile, near Milan, has reached the second casing point at 1,407 metres less than a month after work began.
FTSE 100 was three points higher at 7,238, Next rises strongly.
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A look back at the week’s highlighted news for junior oilers
