Sound Energy plc

SOU

GB00B90XFF12

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 16:35:14 11/09/2024 BST			5-day change	1st Jan Change
0.8640 ^GBX	-1.37%		-0.23%	+20.84%

09-02	Sound Energy Finalizes Tendrara Gas Wells Workover in Morocco	MT
09-02	Sound Energy plc Announces Completion of Work over Operations	CI

Sound Energy to rig wells in preparation for gas production

May 31, 2024 at 11:40 am

(Alliance News) - Sound Energy PLC on Friday said work over operations have begun in preparation for the commencement of gas extraction at wells TE-6 and TE-7 in the Tendrara concession.

The Moroccan-focused upstream energy company began preparatory work in December with the installation of production packers with a wireline unit at both sites.

Sound Energy will now replace existing tubing with new corrosion resistant tubing using the Star Valley Rig 101, which is due to arrive at the beginning of June.

Furthermore, the two Christmas tree assemblies are scheduled to be swapped with corrosion resistant replacements.

This latest development advances plans to begin production at the liquefied natural gas plant, currently under construction, at the end of the year.

Sound Energy shares were up 11% to 1.04 pence each in London on Friday morning.

By Elijah Dale, Alliance News 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	114.91 PTS	+4.12%	+14.42%	-
	SOUND ENERGY PLC	0.8640 GBX	-1.37%	-0.23%	23.38M

Latest news about Sound Energy plc

Sound Energy Finalizes Tendrara Gas Wells Workover in Morocco	09-02	MT
Sound Energy plc Announces Completion of Work over Operations	09-02	CI
Sound Energy inks bridge financing deal for GBP1.5 million	08-23	AN
Sound Energy Signs Short-term Bridge Financing Facility	08-23	MT
Sound Energy to Starts Running Completion Tubing at Morocco Gas Well	08-15	MT
Sound Energy Announces Operations Update	08-15	CI
Ingenta and Shearwater win deals	07-19	AN
Sound Energy plc Provides Update Regarding Further Amendments to the Company's Exploration Permits At Anoual	07-19	CI
EARNINGS AND TRADING: Gateley earnings fall; 4Global revenue rises	07-16	AN
Managem Approves Purchase of Sound Energy's Moroccan Assets	07-16	MT
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
Kelso raises stake in NCC; Transense joins project	05-03	AN
Sound Energy plc Provides Exploration Permit Update	04-30	CI
EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles	04-24	AN
Sound Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	04-24	CI
RBG sells Convex; Nexteq eyes share buyback	04-03	AN
Capital Power Says Completed Acquisition of 50.15% interest in the Frederickson 1 Generating Station	12-28	MT
Sound Energy Completes Restructuring of 5% Senior Secured Notes	12-04	MT

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.

Employees

Sector

Oil & Gas Exploration and Production

Calendar

18/09/2024 - Q2 2024 Earnings Release (Projected)

More about the company