The latest announcement is out from Sound Energy ( (GB:SOU) ).
Sound Energy plc has announced a seamless transition in its operations at the Tendrara gas concession, with ongoing construction of the Phase 1 development facility and progress in connecting existing production wells to the mLNG facility. The company has also revised its contractual agreement with Italfluid GeoEnergy, shifting from a vendor-financed lease to an Engineering-Procurement-Construction contract, which is expected to enhance project economics by increasing the Net Present Value and reducing operating costs. This strategic shift aims to facilitate the commissioning of the gas processing and liquefaction plant by Q4 2025, positioning the company for future LNG sales and improved operational control.
More about Sound Energy
Sound Energy plc is a transition energy company operating in the energy sector, primarily focused on the exploration and production of natural gas. The company is actively involved in projects in Morocco, with a focus on developing its Tendrara gas concession.
YTD Price Performance: -31.71%
Average Trading Volume: 2,717,228
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £14.56M
For detailed information about SOU stock, go to TipRanks’ Stock Analysis page.