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| 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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.778 | 0.76 | 0.848 | 2,243,615 | 08:00:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.00 | 14.94M |
From Apr 2019 to Apr 2024
TIDMSOU
RNS Number : 3579Q
Sound Energy PLC
29 November 2016
29 November 2016
Sound Energy plc
("Sound" or the "Company")
Badile: Rig Contract Signature
Sound Energy, the European and African focused upstream gas company, is pleased to announce that it has signed the contract securing the drilling rig for its Badile exploration well in Italy.
Further to the memorandum of understanding signed between the Company and Pergemine S.p.A ("Pergemine") earlier this year, the Company is now pleased to announce that it has, on 28 November 2016, entered into a binding agreement with Pergemine for the use of the 3000 HP EMSCO C3 No.29 rig for the drilling of the Badile exploration well.
The rig is already in Italy and will be mobilised in January 2017, allowing the Company to proceed with drilling of the Badile well in the first quarter of 2017.
The terms of the rig will, as previously announced, include the payment of 23% of the service charges through the issue of new ordinary shares in the Company with a value of approximately Euro 1 million.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700 Patrick d'Ancona Chris McMahon Alexandra Roper Sound Energy j.parsons@soundenergyplc.com James Parsons, Chief Executive Officer Smith & Williamson - Nominated Tel: +44 (0)20 7131 4000 Adviser Azhic Basirov David Jones Ben Jeynes Cantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896 Sarah Wharry David Porter
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 29, 2016 02:00 ET (07:00 GMT)
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