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SOU Sound Energy Plc

0.749
0.001 (0.13%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sound Energy Plc LSE:SOU London Ordinary Share GB00B90XFF12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.001 0.13% 0.749 794,846 16:35:28
Bid Price Offer Price High Price Low Price Open Price
0.70 0.784
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs -7.16M -0.0036 -2.08 14.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:51:02 O 150,000 0.74 GBX

Sound Energy (SOU) Latest News

Sound Energy (SOU) Discussions and Chat

Sound Energy (SOU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-01 14:51:030.74150,0001,110.00O
2024-11-01 14:37:280.7115,000106.01O
2024-11-01 12:17:210.74115,000851.00O

Sound Energy (SOU) Top Chat Posts

Top Posts
Posted at 02/11/2024 08:20 by Sound Energy Daily Update
Sound Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 0.75p.
Sound Energy currently has 1,993,122,679 shares in issue. The market capitalisation of Sound Energy is £14,948,420.
Sound Energy has a price to earnings ratio (PE ratio) of -2.08.
This morning SOU shares opened at -
Posted at 18/10/2024 10:56 by telbap
They are certainly hungry for stock, showing a 3% decline while in truth moving the bid up 1%.....gotta love spreads, you can give the appearance of a declining share price while all the time gently easing the price up.Nothing to see here,,,,,move on...
Posted at 15/10/2024 12:44 by telbap
Well, we are on the cusp of greatness ;)Looking forward to seeing 3 to 4p share price, and some good trading chances in the near term as we start drilling again. My goodness it's been a long long time.
Posted at 19/9/2024 18:15 by telbap
Ha Jakknife is in town. Means we can expect all his alias to turn up and bash the share. You must be desperate to think this is a good target given the low share price and the fact the deal sign off could drop any day.
Posted at 16/8/2024 10:07 by napoleon 14th
From Zak Mir's daily news roundup (much appreciated):

"Sound Energy (SOU), the transition energy company, announces that the planned work over operations on the gas well TE-7 in preparation for long term gas production into the micro-LNG plant currently under construction at site have resumed following the arrival of additional wellhead equipment. The operation to run new completion tubing into TE-7, will utilize the Star Valley Rig 101 currently located on the Tendrara Production Concession. The rig had been stacked on site at no additional cost to the Group awaiting the arrival of the additional wellhead equipment.

Comment: Shares of SOU have been in something of a holding pattern so far this summer, needing a decent piece of newsflow to clear recent resistance at 1p. Today’s RNS could be the trigger for such a breakout."
Posted at 16/7/2024 11:06 by telbap
Lots of PR today, so I guess a 10% rise is allowable. One takeaway from the Zeus audio note is the fact that they feel September will see the Managem deal complete. If that's the case we should see some share price bump in August, not normally an active share price month.
Posted at 16/6/2024 22:06 by halfpenny
They are a screaming buy at these levels with much Higher Highs. They stated a signed off Deal Done...

With 45 Million it's Transformational.

FT
Analyst offering a 12 month price target expects Sound Energy PLC share price to rise to 4.60 in the next year from the last price of 0.836

Thats BEFORE THE LATEST DEAL and
45 million, 20 percent retained and 2 New Drilling Prospects. Total 6-8p plus More....this will be Massive!

Get ready Monday and Next Week Explosive as Analysts realise the Value Created with the Done Deal.

Happy Days Ahead.
Posted at 15/6/2024 12:51 by halfpenny
Just do the maths...also,



FT
Analyst offering a 12 month price target expects Sound Energy PLC share price to rise to 4.60 in the next year from the last price of 0.836

Thats BEFORE THE LATEST DEAL and
45 million, 20 percent retained and 2 New Drilling Prospects. Total 6-8p plus More....this will be Massive!

Get ready Monday and Next Week Explosive as Analysts realise the Value Created with the Deal.

Happy Days Ahead.
Posted at 14/6/2024 17:32 by mirabeau
Moroccan Assets: Binding agreement for the sale of share capital of Sound Energy Morocco East Limited



Board Change



Sound Energy (AIM: SOU), the transition energy company, is pleased to announce the entry into a binding Sale and Purchase agreement for the partial divestment of the Company's Moroccan assets (the "SPA") by way of the disposal by the Company of the entire issued share capital of Sound Energy Morocco East Limited ("SEME") to Managem SA ("Managem") for a total value to Sound Energy of up to US$45.2 million.



Key Highlights

· Pursuant to the SPA, Sound Energy will continue to hold an interest of 20% in the Tendrara Production Concession (the "Concession"), and 27.5% working interests in each of the Grand Tendrara Exploration Concession (the "Grand Tendrara Permit") and the Anoual Exploration Permit (the "Anoual Permit" and together with the Grand Tendrara Permit, the "Permits").



· Managem will provide funding for Phase 2 development of the Concession, funding for two exploration wells in satisfying the work programmes under the Permits, a contingent production payment and recovery of past expenditures.



· Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets:



o 55.0% of the Concession (Sound Energy to retain 20% interest)

o 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest)

o 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest)



· SPA consideration payable to and on behalf of the Group includes:



o US$12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion.

o US$1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion.

o Up to US$24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development.

o Contingent consideration of US$1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.

o US$3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1.

o US$2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5.



Background to and further details of the Farm-Out



The Company announced on 9 August 2022 that it had initiated a formal farm-out process to identify a partner for the Concession and the surrounding Permits. With the Company holding its assets in Morocco through various subsidiaries, the SPA, which remains conditional upon certain conditions precedent, will see the Company dispose of the entire share capital of SEME (the "Sale Shares"), a UK company holding the Operating licence position and equity in Morocco as below, for a sum of US$1:



o 55.0% of the Concession

o 47.5% of the Grand Tendrara Permit

o 47.5% of the Anoual Permit



Under the SPA, the Company has provided customary warranties and undertakings to Managem and, whilst the terms of the SPA are binding on the parties, the SPA remains conditional upon, inter alia:



· Approvals by ONHYM and the Moroccan Minister of Energy of the Company continuing as the Operator of record of the Concession and the Permits notwithstanding the sale of the Sale Shares at completion;



· Antitrust clearances being received;



· Receipt of the written authorisation of the Foreign Exchange Office (Office des Changes) relating to Managem's payment obligations;



· Confirmation in writing by the Seller to the Buyer that no Material Adverse Change has occurred;



· Approval of ONEE of the change of control of the Company pursuant to the ONEE GSA;



· Removal of Sound Energy Morocco SARL AU as dormant subsidiary of SEME;



· Approval by Schlumberger in accordance with the terms of Schlumberger's profit-sharing deed in respect of the Concession or Managem negotiating and entering into an agreement with Schlumberger for the cancellation of the profit-sharing deed;



· Extension of the Start Date/Deemed Start Date as defined in the LNG GSA;



· Delivery of Completion accounts and Assurance Release Conditions; and



· The approval of Managem's board of directors by 12 July 2024.





In the year to 31 December 2023, SEME recorded a Profit before tax of £1,301,000 on no revenues and, at 31 December 2023, had total assets of £56,976,000.



Commenting, Graham Lyon (Executive Chairman of Sound Energy) said:



"We are very pleased to have entered into this binding Share sale to an excellent counterparty Managem SA. The share sale transaction of our UK company subsidiary, the Permits Owner, is structured to allow a smooth transition to Managem whilst bringing Sound Energy two new exciting exploration drills, substantial funding for the phase 2 development and past costs. There is also a production bonus once Phase two gas is delivered".



About Managem



Managem is an international mining group with resolutely African roots, with a presence in 7 countries across the continent. Initially present in metals such as cobalt, copper and zinc, it has since diversified into precious metals, with silver and gold. Today, Managem employs 5,009 people of 22 nationalities in 13 mining operations and 22 industrial units, all on the African continent.



Board Change



Following the signature by the Company of the binding SPA between Sound and Managem Simon Ashby-Rudd, a non-executive director of the Company, has informed the Board that he does not intend to put himself forward for re-election as a director of the Company at the Company's AGM to be held on 28 June 2024 ("AGM"). As a result, and with the transaction announced today providing the financial and operational security for the next stage of Sound Energy's development, Simon Ashby-Rudd will step down as a director of the Company at the Company's AGM to pursue other interests.



Commenting, Graham Lyon (Executive Chairman of Sound Energy) said:



"Simon has provided invaluable advice and guidance since his appointment to the Board and throughout the process which has led to today's announcement. I and the rest of the Board thank him for his service to the Company over the last year."
Posted at 27/12/2023 12:54 by ohdearohdearohdear
Looked it up. But found nothing?

I'm guessing "truely" is "truly"? Which becomes:

"You truly are a corner".

Now i know what a corner is, but i am struggling to understand how a person can be a corner...truly or otherwise. Please explain. Ta.

Meantime, the SOU share price further down i notice. 2024 will finally see the end of the Company sadly :-(
Posted at 26/8/2022 08:03 by b33661
European gas is now trading today 30x or 3000% higher than normal. The fact the sou share price sits at or close to all time lows says everything and all you need to know about the market's faith in the ability of management to score an open goal opportunity here....!!!!
Sound Energy share price data is direct from the London Stock Exchange