By Daniel Cancian
Date: Monday 07 Sep 2015
LONDON (ShareCast) - (ShareCast News) - Oil and gas group Sound Oil has entered an agreement with Mahgreb Petroleum Exploration.
Under the terms of the deal, Sound will have a two-month period of exclusivity to negotiate an agreement to acquire one of Mahgreb's subsidiaries, which owns a 25% stake in the Sidi Moktar licence onshore Morocco.
The London-listed group said it will start due diligence on the acquisition in the short term future and will make further announcements in due course.
Sound Oil shares were up 0.46% to 16.45p at 1516 BST on Monday.
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Currency | UK Pounds |
Share Price | 0.83p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1.93p |
52 Week Low | 0.64p |
Volume | 0 |
Shares Issued | 1,993.12m |
Market Cap | £16.58m |
RiskGrade | 409 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
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