Infinity Energy bemused by share price rise
Some the largest risers and fallers in London at 1500: Infinity Energy, Zegona, Mobile Sytems
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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Some the largest risers and fallers in London at 1500: Infinity Energy, Zegona, Mobile Sytems
Gas shows have been confirmed in TE-8's target reservoir, drilling continues.
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
Sound Energy is drilling two wells right now and, according to Cantor analyst Sam Wahab, both could be ‘high impact catalysts’.
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Badile, near Milan, has reached its first casing point at a measured depth of 545 metres.
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
Oil companies analyst Malcom Graham Wood says it is an exciting time for Sound Energy.
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“Success at TE-8 could lead to a further rerating in Sound’s valuation in our view,” Wahab said in a note.
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The well will be drilled to a vertical depth of 2,977 metres.
FTSE 100 stocks ended higher on Friday, led by telecoms behemoth BT after confirming it would separate Openreach
WH Ireland’s comments followed news earlier the company had begun drilling its hotly anticipated Badile gas well in Northern Italy.
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To date the company has scored significant success at Tendrara, in Morocco, where it has discovered significant accumulations of potentially commercial gas.
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FTSE 100 shares ended down on Wednesday with sterling nursing a seven-week low despite a lift for construction stocks following the UK Finance Minister’s Budget pledge of a mini Trump boost to infrastructure