RNS Number: 5877 O Sound Energy PLC 01 June 2020 1 June 2020. Sound Energy, the Moroccan focused upstream gas company, announces, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the following information as at 31 May 2020.. RNS is approved by the Financial Conduct Authority to act as a Primary Information...
The AGM is to be held at 4 Pembroke Road, Sevenoaks, TN13 1 XR at 1:00p.m. on Monday, 8 June 2020.. As a result of COVID-19 the Company would like to advise shareholders that in accordance with the UK Government's current' Stay at Home Measures', which includes the banning of non-essential travel and gatherings of more than two people, the AGM will be held as a closed...
RNS Number: 5476 L Sound Energy PLC 30 April 2020 30 April 2020. Publication of Annual Report and Directorate Update. In light of the UK Government's current restrictions and guidelines in respect of the COVID-19 pandemic, the Company is finalising appropriate arrangements for its 2020 Annual General Meeting, details of which will be announced in due course..
RNS Number: 2207 L Sound Energy PLC 28 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2179 L Sound Energy PLC 28 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Sound Energy Plc #SOU announced, in its FY19 results, that its gross loss stood at £6.57 million, compared to £4.06 million in the preceding year. Loss after tax was £16.42 million compared to £11.75 million. The company’s diluted loss per share was 1.54p, compared to 0.66p.
Sound Energy plc #SOU - The Moroccan focused upstream oil and gas company has announced its audited final results for the year ended 31 December 2019. These highlight a period during which SOU’s Board successfully faced up to numerous challenges, as a result of which it effected a programme of structural cost reduction and explored options on monetising its Eastern Moroccan Portfolio, which presently remains ongoing. While the more recent COVID-19 Pandemic is not expected to significantly alter the anticipated schedule or broad economics of TE-5 Horst’s full field development, nearer-term it could possibly impose some delay on the Group’s micro-LNG (‘mLNG’) implementation. Given the expectation that this strategy was considered capable of generating relatively short-term positive cash flow, sufficient to bolster its relatively weak balance sheet while also providing funding to continue limited higher risk exploration drilling, this could be unfortunate. Measures announced by the UK Chancellor to support businesses impacted by the Pandemic could potentially provide some financial relief, while opportunity for near-term partial sale of its Eastern Morocco portfolio also remains notwithstanding which, the Group’s cashflow forecast for the 12-months to end-April 2021 indicates that additional funding will be required to enable it to meet its forward obligations.
·Cash balance as at 31 December 2019 of £4.6 million. ·Equity placing to raise gross proceeds of £2.4 million at 10 pence per ordinary share completed in June 2019. ·Equity placing to raise gross proceeds of £1.5 million at 2 pence per ordinary share announced in December 2019 and completed in January 2020.
RNS Number: 9430 J Sound Energy PLC 16 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9418 J Sound Energy PLC 16 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9596 I Sound Energy PLC 06 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9572 I Sound Energy PLC 06 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6475 I Sound Energy PLC 02 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6451 I Sound Energy PLC 02 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Sound Energy #SOU - Sound has updated on the GSA with ONEE, the Moroccan state power company which was scheduled to be agreed by 31/3/20 but due to C-19 delays the parties are looking at extending to 30/6/20. The deal has been agreed in principle so there is no need to be concerned at this stage.
Sound Energy Plc #SOU announced on 30 October 2019 that it had, in relation to ongoing negotiations in respect of a Gas Sales Agreement for the sale of natural gas production in the Tendrara concession in Eastern Morocco (the "GSA"), entered into a binding memorandum of understanding (the "MOU") with Morocco's Office National de l'Electricité et de l'Eau Potable ("ONEE"), the state power company of Morocco, on behalf of its partners, including Morocco's L'office National des Hydrocarbures et des Mines. Under the MOU, as amended in January 2020, the parties have agreed to use their reasonable endeavours to continue negotiations with a view to entering into a binding GSA, incorporating the key terms of the MOU announced on 30 October 2019 and construed under Moroccan law, prior to the 31 March 2020.
RNS Number: 3174 I Sound Energy PLC 01 April 2020 1 April 2020. The Company announced on 30 October 2019 that it had, in relation to ongoing negotiations in respect of a Gas Sales Agreement for the sale of natural gas production in the Tendrara concession in Eastern Morocco, entered into a binding memorandum of understanding with Morocco's Office National de...
RNS Number: 1125 I Sound Energy PLC 30 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1090 I Sound Energy PLC 30 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Sound Energy Plc
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Sound Energy Plc
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Company Profile

Sound Energy is a well funded European and Mediterranean oil and gas exploration and production company, listed on AIM with a cornerstone investor and strong liquidity. We have built a high quality, action orientated, team across Milan, Rabat and just outside of London focused on permitting, funding and then delivering a Mediterranean and gas focused drill programme which is balanced in terms of risk and reward.

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