Sound Energy plc

Equities

SOU

GB00B90XFF12

Oil & Gas Exploration and Production

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06-25	Sound Energy demobilises rig in Morocco in preparation for production	AN
06-25	Sound Energy plc Announces Demobilisation of Rig for Work over Operations	CI

Sound Energy demobilises rig in Morocco in preparation for production

June 25, 2024 at 06:54 am

(Alliance News) - Sound Energy PLC on Tuesday said that it has released and demobilised the Star Valley Rig 101, having conducted planned work over operations at its site in Tendrara, Morocco.

The Moroccan-focused upstream energy company demobilised the rig in preparation for long term gas production into the micro liquefied natural gas plant currently under construction.

Sound Energy has pulled the existing completion tubing in TE-6 and TE-7, which are wells at the site, and run new corrosion resistant completion tubing into TE-6. This is now available to supply gas to commission the plant, for which construction is expected to complete later this year.

The rig is currently stacked at the TE-7 site, at no on-going cost to the company.

Shares in Sound Energy were trading 1.2% higher at 0.96 pence each in London on Tuesday morning.

By Holly Beveridge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	S&P GSCI NATURAL GAS INDEX	121.8 PTS	-3.13%	-8.29%	-
	SOUND ENERGY PLC	0.922 GBX	+4.42%	-5.92%	22.25M

Latest news about Sound Energy plc

Sound Energy demobilises rig in Morocco in preparation for production	06-25	AN
Sound Energy plc Announces Demobilisation of Rig for Work over Operations	06-25	CI
EARNINGS AND TRADING: Sound Energy sells part of Moroccan assets	06-14	AN
Sound Energy plc Announces Resignation of Simon Ashby-Rudd as Non-Executive Director	06-14	CI
Managem S.A. agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc for $14.5 million.	06-13	CI
Sound Energy Mobilizes Rig for Work over Operations at Moroccan Site	05-31	MT
Sound Energy to rig wells in preparation for gas production	05-31	AN
Sound Energy plc Announces Mobilisation of Rig for Work over Operations	05-31	CI
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Sound Energy plc Provides Exploration Permit Update	04-30	CI
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Sound Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	04-24	CI
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Sound Energy plc Issues New Shares in Note Conversion Deal	11-30	MT
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Sound Energy Secures Extensions for Gas Sales Agreement, Funding Offer	23-10-25	MT
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Earnings Flash (SOU.L) SOUND ENERGY Reports H1 Loss GBX-0.47	23-09-21	MT
Sound Energy plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-21	CI
Sound Energy says Morocco assets unaffected by earthquake	23-09-13	AN

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Company Profile

Sound Energy plc is a United Kingdom-based transition energy company. The Company's principal activities are the exploration, appraisal and development of gas assets. Its principal area of activity is Morocco. The Company's Eastern Morocco licenses include Tendrara Concession, Greater Tendrara and Anoual. It owns around 75% of Tendrara Concession with production permit of 133.5 square kilometers (km2) acreage. Its Eastern Morocco Licenses comprising the concession together with the Anoual and Greater Tendrara exploration permits are positioned in a region containing a potential extension of the established petroleum plays of Algerian Triassic Province and Saharan Hercynian Platform. These licenses cover a surface area of over 23,000 km2. The Greater Tendrara's permit area surrounds the Tendrara Production Concession. The Company owns around 75% of Sidi Moktar license, which is located in the Essaouira Basin, in Southern Morocco. The license covers a combined area of over 4,712 km2.

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Oil & Gas Exploration and Production

Calendar

08:00am - Annual General Meeting

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BUY

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0.00922 GBP

Average target price

0.031 GBP

Spread / Average Target

+236.23%

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