Sound Energy (SOU)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.72p
   
  • Change Today:
    -0.018p
  • 52 Week High: 1.08p
  • 52 Week Low: 0.64p
  • Currency: UK Pounds
  • Shares Issued: 2,080.62m
  • Volume: 1,944,815
  • Market Cap: £14.88m
  • RiskGrade: 409

Sound Energy demobilises Tendrara workover rig

By Josh White

Date: Tuesday 25 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Sound Energy has announced the successful completion and demobilisation of the Star Valley Rig 101 on Tuesday, following planned workover operations on the gas wells TE-6 and TE-7 at the Tendrara project.
The AIM-traded firm said the work was in preparation for long-term gas production into the micro LNG plant currently under construction by Italfluid Geoenergy.

It said the operations were completed safely with no recordable incidents.

The company successfully removed the existing completion tubing in both TE-6 and TE-7 and installed new corrosion-resistant completion tubing in TE-6, which was now ready to supply gas for the commissioning of the micro LNG plant.

It said the plant's construction was expected to be completed later in the year.

The rig had been stacked at the TE-7 site without incurring ongoing costs, while Sound Energy awaited additional wellhead equipment to finish installing the new completion tubing in TE-7.

At 1034 BST, shares in Sound Energy were up 1.35% at 0.96p.

Reporting by Josh White for Sharecast.com.

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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 -0.018p
% Change -2.46 %
52 Week High 1.08p
52 Week Low 0.64p
Volume 1,944,815
Shares Issued 2,080.62m
Market Cap £14.88m
RiskGrade 409

Sound Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.33% above the market average80.33% above the market average80.33% above the market average80.33% above the market average80.33% above the market average
88.41% above the sector average88.41% above the sector average88.41% above the sector average88.41% above the sector average88.41% above the sector average
Price Trend
40.96% below the market average40.96% below the market average40.96% below the market average40.96% below the market average40.96% below the market average
38.67% above the sector average38.67% above the sector average38.67% above the sector average38.67% above the sector average38.67% above the sector average
Income Not Available
Growth
37.39% above the market average37.39% above the market average37.39% above the market average37.39% above the market average37.39% above the market average
52.17% above the sector average52.17% above the sector average52.17% above the sector average52.17% above the sector average52.17% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sound Energy Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
15:54 2,313 @ 0.68p
15:33 225,000 @ 0.66p
13:21 385,000 @ 0.71p
13:20 3,000 @ 0.72p
11:23 13,487 @ 0.72p

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