By Iain Gilbert
Date: Wednesday 20 Dec 2017
LONDON (ShareCast) - (ShareCast News) - African and European focused upstream gas company Sound Energy told investors on Wednesday that preliminary results of a volume certification process at its TE-5 Horst well location on the Tendrara concession had validated its prior in-house estimations of 0.63trn cubic feet of mid-case gross gas originally in place (GOIP).
The certification, undertaken by RPS Energy, returned 0.65tcf mid-case GOIP at the TE-5 Horst location and set a recoverable, contingent resource in the vicinity of 0.377tcf.
Sound Energy referred to the certification as a "very important step towards concession application", and pointed out that it covered a mere 1% of its total Eastern Morocco project area, with new exploration work being advanced in conjunction with the Tendrara programme.
As of 1510 GMT, shares had grown 1.00% to 50.75p.
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Currency | UK Pounds |
Share Price | 0.88p |
Change Today | 0.043p |
% Change | 5.17 % |
52 Week High | 1.93p |
52 Week Low | 0.64p |
Volume | 253,317 |
Shares Issued | 1,993.12m |
Market Cap | £17.44m |
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 |
Time | Volume / Share Price |
16:28 | 589 @ 0.85p |
15:06 | 63,436 @ 0.85p |
15:06 | 3,700 @ 0.85p |
15:04 | 116,974 @ 0.85p |
14:22 | 15,175 @ 0.85p |
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