By Josh White
Date: Monday 18 Jul 2016
LONDON (ShareCast) - (ShareCast News) - Following its recent share price increase, Europe and Mediterranean focused upstream gas company Sound Energy was forced to update the market on developments at its Tendrara licence on Monday.
The AIM-traded firm said it was continuing with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announced that it has already achieved a "very significant" gas flow rate which is in the process of stabilising during the cleanup process.
"The rate is already highly commercial and well above initial expectations," Sound's board said in a statement.
"The company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time."
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 0.83p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1.93 |
52 Week Low | 0.64 |
Volume | 0 |
Shares Issued | 1,993.12m |
Market Cap | £16.58m |
RiskGrade | 409 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
You are here: research