Sound Energy kicks off civil works ahead of new Tendrara well drilling
As preparations are now advancing ahead of new drilling in Morocco, investor attention will likely rise as the programme approaches
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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As preparations are now advancing ahead of new drilling in Morocco, investor attention will likely rise as the programme approaches
A look at some of the biggest risers and fallers in London on Monday
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A glance at some of the day's highlights from the Proactive Investors newswire
Schlumberger has essentially been a de facto partner in the eastern Morocco venture via a field management agreement, with an interest stake in the project, but, that is now being formally structured into the joint venture
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In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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A glance at some of the day's highlights from the Proactive Investors newswire
JJ Traynor joined the company last September and has now been appointed to the board with immediate effect
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
This week Sound Energy raised new funds for a drilling programme in Morocco
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Monday
The Moroccan-focused upstream gas company said 30,829,308 new ordinary shares were placed with investors at a price of 37p each
The UK blue chip benchmark shed almost 90 points to finish the day at 7,547.
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The week saw some big share price movements for London's junior oil & gas explorers
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
The bulletin board favourite commissioned a new basin modelling study of its eastern Moroccan permits which identified potential for a new oil play over the Anoual licence
FTSE 100 closed around 21 points higher on Friday at 7,636, the FTSE 250 added nearly 147 points at 20,830.
It was a busy week of high profile project updates for the junior oil and gas sector.