Sound Energy confirms Sidi Moktar acquisition
It has now signed a binding deal with Maghreb Petroleum Exploration for the transaction which was initially agreed in October.
Company
Sound Energy PLC
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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African Potash, e-Therapeutics and sound Energy also reported on Wednesday
Sound Energy set for Nervesa start-up in early February
Production could start at Nervesa in early February, success is now more likely at Badile and in Morocco ground works will start next month too.
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Proactive news summary: 88 Energy, African Potash, Avation, Galasys, MySquar, NQ Minerals, Sound ...
Some uplifting news from the energy sector today but sadder news elsewhere from the resources industry
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FTSE 100 rises 60 points despite resources millstone
While it is unlikely the Footsie will finish the year in credit, three more days of 60 points gains will see it go close
Risers & Fallers: Allied Minds, Anglo American, Jimmy Choo, Hikma Pharmaceuticals, Ocado, Serco Gp
At 10.30, the FTSE 100 index was up 22 points at 6,277.
Sound Energy signs three well deal with Schlumberger in Morocco
The deal relates to the Tendrara licence where oil services giant has agreed to fund 80% of the investment in the first hole and 75% of the second and third.
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Proactive news summary: 88 Energy, Amedeo, Caledonia Mining, Gemfields, Oilex, REM, Sound Energy ...
Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
Sound Energy working on Nervesa grid connection
The work is expected to take 40 days and commercial production to commence once it is hooked up.
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Proactive news highlights: MX Oil, W Resources, Alecto Minerals, Metal Tiger and more...
African Potash, Sound Energy and Tungsten Corp also had news out on Wednesday
Investments and investor services
Risers & Fallers: Photonstar, Sound Energy, W Resources...
Below are the main news-driven share price movements at 4pm
Sound Energy completes Tendrara farm-in
Terms have also been agreed with Entrepose Drilling Morocco for the supply of a HH300 rig,
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Brokers: Retailers. Betfair, Lloyds Banking, Talk Talk
Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
Investments and investor services
FTSE100 ends lower on geopolitical conerns
The shooting-down of a Russian jet by Turkey unsettled traders
Investments and investor services
Proactive news highlights: AFC Energy, Stellar Diamonds, Eckoh, PureCircle and Clinigen
Anglo Asian Mining, Kefi Minerals and Andes Energia also has news out today
Downing of Russian jet shakes London shares
The FTSE 100 Index dropped 79.95 points to 6225 at lunchtime
Investments and investor services
Airlines lose height as higher oil prices and terror fears weigh
Concern about higher fuel costs hit shares in airlines