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Sound Energy Share News (SOU)
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Sound Energy Information
Share Price Information for Sound Energy (SOU)
Share Price is delayed by 15 minutes
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Share Price:
0.90
Bid:
0.90
Ask:
0.93
Change:
-0.024 (-2.56%)
Spread:
0.03 (3.333%)
Open:
0.902
High:
0.904
Low:
0.90
Prev. Close:
0.939
Last checked at -
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Don't have an account? Click here to register.Sound Oil shares lift on production concession news
Thu, 16th Jul 2015 09:08
(ShareCast News) - Shares in AIM listed Sound Oil rose on news it had regulatory clearance and could start commercial production for its Nervesa project.The share price for Sound Oil was up 5.56% to 19p in early morning trading at 0812 BST.Sound Oil said the Italian Ministry for Economic Development had awarded the Casa Tonetto production concession.This meant Sound Oil has passed the final hurdle and can now start commercial production, with an aim of securing first commercial gas later this year.Chief executive James Parsons said getting commercial gas at Nervesa would be a significant milestone for the company."Similar to the company's other existing onshore discoveries, Nervesa benefits from very strong gas prices. A gas sales agreement with a long term partner is expected to be signed shortly," Parsons said in a statement.FinnCap initiated coverage of the stock at 'buy' with a 23p target price, and said its portfolio was attractive."We feel that the company's growing cash flow profile and balance sheet strength make it attractive for existing and new investors," analyst Dougie Youngson said in a note.
More News
29 Feb 2016 09:33
26 Feb 2016 14:09
Big rig heading for Sound Energy at Tendrara
(ShareCast News) - Mediterranean-focused upstream gas company Sound Energy announced its National 110 UE traditional rig was on the move on Friday, ahead of the upcoming first well at its Tendrara licence area, onshore Morocco. The AIM-traded company said the rig had been mobilised from Mauritiana,
Read more26 Feb 2016 09:47
16 Feb 2016 08:10
Sweet crude flows from Gatwick Airport oilfield
(ShareCast News) - First ever crude oil has flowed at encouraging levels from the Horse Hill discovery well being drilled in the Weald Basin near Gatwick Airport, as anti-fracking protests reconvened nearby. The AIM-listed companies with stakes in the PEDL137 onshore exploration licence, namely UK O
Read more15 Feb 2016 09:26
Sound Energy starts work on Tendrara licence
(ShareCast News) - AIM-listed upstream gas company Sound Energy has begun ground works at the Tendrara licence area in Morocco and all contracts have now been awarded for the first well. The works include the upgrading of local infrastructure, which will be followed by the preparation of the camp an
Read more8 Feb 2016 09:33
Sound Energy partners with OGIF, expands reach in Morocco
(ShareCast News) - Sound Energy was expanding its reach in Morocco on Monday, signing an agreement with Oil & Gas Investment Fund (OGIF) for an option to acquire a 55% interest on OGIF's onshore Meridja permit. The AIM-traded upstream gas company said Meridja was adjacent to its existing Tendrara li
Read more4 Feb 2016 16:12
First gas for Sound Energy's Nervesa project
(ShareCast News) - One of Sound Energy's projects hit a major milestone on Thursday, with the revelation that the company's onshore Nervesa gas discovery had reached first gas. The AIM-traded upstream gas company with a focus on the Mediterranean said the Nervesa discovery was drilled successfully b
Read more