Sound Energy (SOU)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.72p
   
  • Change Today:
    -0.033p
  • 52 Week High: 1.25
  • 52 Week Low: 0.60
  • Currency: UK Pounds
  • Shares Issued: 2,080.62m
  • Volume: 2,336,492
  • Market Cap: £14.91m
  • RiskGrade: 409
  • Beta: 0.06

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Sound Energy makes more progress at Tendrara

By Josh White

Date: Thursday 15 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Africa and Europe-focused upstream gas company Sound Energy updated the market on its Tendrara licence, onshore Morocco, on Thursday.
The AIM-traded firm said that, further to its announcement on 24 November, it has retrieved the TE-7 bottom hole memory gauges following the open hole well test, and can confirm that the reservoir pressure correlates with the gas gradient recorded at all previous wells on the structure.

It also confirmed that the TE-8 vertical and side-track locations have been finalized some 12 kilometres to the Northeast of TE-7, subject only to consent of the company's partners.

"TE-8, the first outpost well at Tendrara, is expected to spud in February 2017 and will drill both the TAGI and the Palaeozoic horizons," Sound's board said in a statement.

"The company's current internal estimates are that success at TE-8 would establish best estimate original gas in place at Tendrara of upto 1.5 Tcf gross."

Prior to the drilling of TE-8, the company said its internal best estimate of original gas in place volume is between 0.3 Tcf and 0.5 Tcf gross.

Sound Energy, with its 27.5% interest in the Tendrara licence, intends to commission a competent person's report on Tendrara following TE-8, which will confirm the contingent resources based on the field development plan.

"The extended well test at TE-7 is ongoing and is expected to confirm production sustainability and aid field development planning."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sound Energy Market Data

Currency UK Pounds
Share Price 0.72p
Change Today -0.033p
% Change -4.44 %
52 Week High 1.25
52 Week Low 0.60
Volume 2,336,492
Shares Issued 2,080.62m
Market Cap £14.91m
Beta 0.06
RiskGrade 409

Sound Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.31% above the market average80.31% above the market average80.31% above the market average80.31% above the market average80.31% above the market average
85.51% above the sector average85.51% above the sector average85.51% above the sector average85.51% above the sector average85.51% above the sector average
Price Trend
35.03% below the market average35.03% below the market average35.03% below the market average35.03% below the market average35.03% below the market average
5.41% below the sector average5.41% below the sector average5.41% below the sector average5.41% below the sector average5.41% below the sector average
Income Not Available
Growth
42.95% above the market average42.95% above the market average42.95% above the market average42.95% above the market average42.95% above the market average
70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average

Sound Energy Dividends

No dividends found

Trades for 02-Apr-2025

Time Volume / Share Price
10:39 1,492,500 @ 0.68p
10:44 1,036 @ 0.72p
10:41 737,500 @ 0.70p
10:07 88,815 @ 0.73p
09:51 313 @ 0.70p

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