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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:
0.866
Bid:
0.864
Ask:
0.98
Change:
0.039 (4.42%)
Spread:
0.116 (13.426%)
Open:
0.866
High:
0.866
Low:
0.866
Prev. Close:
0.883
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
19 Jun 2015 08:03
Sound Oil reshuffles its ranks following expansion in Morocco
Oil and gas explorer Sound Oil has reshuffled its management ranks, following the group expansion into Morocco. The Mediterranean-focused group said Luca Madeddu, an existing director of the company and currently the managing director of Italian operations, will assume the role of managing director
Read more16 Jun 2015 08:45
Sound Oil plunges after abandoning second appraisal well in Italy
Shares in Sound Oil plunged over 15% early on Tuesday, as the oil and gas explorer announced it had chosen to abandon its second appraisal well at its onshore Nervesa discovery in Northern Italy. The London-listed group said gas had been found on the site, although it was unable to secure a stabilis
Read more8 Jun 2015 12:10
Sound Oil shares plummet after mixed Nervesa well update
Sound Oil fell nearly 11% on Monday following a mixed update on the company's Nervesa appraisal well in Italy. Sound Oil said it has successfully perforated and completed seven intervals in the lower section of the reservoir where the most significant gas shows were identified at the onshore Nervesa
Read more11 May 2015 16:13
Sound Oil in negotiations to secure Moroccan licence
Oil and gas explorer Sound Oil said it has been granted a month-long exclusivity period during which it could acquire a stake on the Tendrara licence in Morocco. If negotiations are successful, the Moroccan Oil and Gas Investment Fund, which currently owns the licence for the Moroccan project, will
Read more29 Apr 2015 19:53
Wednesday broker round-up
Sky: JP Morgan reiterates neutral stance and 1,170p target. GlaxoSmithKline: UBS reiterates buy and 1,700p target. StanChart: Nomura reiterates neutral and lifts target to 1,170p from 1,030p. UBS reiterates neutral stance with 1,000p target. Henderson Group: Citi reiterates buy with 3,250p target.
Read more29 Apr 2015 16:06
Westhouse Securities downgrades Sound Oil
Sound Oil, the European focused upstream oil and gas company, was downgraded by Westhouse Securities on Wednesday. The analysts took the company from 'add' to 'neutral' on the basis that the Sound Oil shares are now fairly valued given the strong performance of the past four months. Westhouse sugges
Read more29 Apr 2015 10:12