Sound Energy (SOU)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.70p
   
  • Change Today:
    -0.025p
  • 52 Week High: 1.25p
  • 52 Week Low: 0.60p
  • Currency: UK Pounds
  • Shares Issued: 2,080.62m
  • Volume: 1,344,298
  • Market Cap: £14.56m
  • RiskGrade: 409
  • Beta: 0.06

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Sound Energy completes takeover of OGIF Eastern Morocco interests

By Josh White

Date: Tuesday 12 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Africa and Europe-focussed upstream gas company Sound Energy announced the completion of its previously-announced acquisition of the interests of Oil & Gas Investment Fund in Eastern Morocco, after receiving final approvals in relation to the Anoual and Tendrara licence areas.
The AIM-traded firm said as a result, it now held an operated 75% position, of which 27.5% is shared with Schlumberger, resulting in a net 47.5% position for the company in the Tendrara petroleum agreement.

It also now held an operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the company, in the Anoual petroleum agreement - formerly the Meridja reconnaissance area.

Finally, the deal netted Sound Energy an operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the company, in the Mararka reconnaissance exploration licence - covering the previously relinquished Tendrara acreage.

"In consideration, the company will now issue 272 million new ordinary shares to OGIF," Sound Energy's board said in a statement.

"The issue of the consideration shares, which represent 27.0% of the company's issued ordinary share capital as enlarged, was approved by Sound Energy shareholders on 15 March."

From admission, the board also confirmed that the relationship agreement between the Company and OGIF would take effect, as it outlined on 21 February.

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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 0.70p
Change Today -0.025p
% Change -3.45 %
52 Week High 1.25p
52 Week Low 0.60p
Volume 1,344,298
Shares Issued 2,080.62m
Market Cap £14.56m
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
80.47% above the market average80.47% above the market average80.47% above the market average80.47% above the market average80.47% 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
39.54% below the market average39.54% below the market average39.54% below the market average39.54% below the market average39.54% below the market average
16.22% below the sector average16.22% below the sector average16.22% below the sector average16.22% below the sector average16.22% below the sector average
Income Not Available
Growth
43.28% above the market average43.28% above the market average43.28% above the market average43.28% above the market average43.28% 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 03-Apr-2025

Time Volume / Share Price
15:58 54,500 @ 0.69p
15:54 147,390 @ 0.69p
15:30 200,000 @ 0.69p
13:35 100,748 @ 0.70p
12:27 106,241 @ 0.70p

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