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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% | 0.78 | 0.80 | 0.83 | 538,270 | 14:26:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.00 | 14.94M |
TIDMSOU
Sound Energy PLC
07 July 2016
7 July 2016
Sound Energy plc
("Sound Energy" or the "Company")
Tendrara Development Funding
Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that it has received a non-binding Expression of Interest from Oil & Gas Investment Fund ("OGIF"), its partner on the Tendrara licence, expressing OGIF's interest in funding, building and operating a new pipeline connecting Tendrara to the Gazoduc Maghreb Europe (GME) pipeline. The cost of the new Tendrara pipeline is currently estimated to be approximately US$50 million.
James Parsons, Chief Executive Officer of Sound Energy, commented:
"We are very pleased to have received this first expression of interest which potentially enables us to construct the infrastructure which would be required at Tendrara without equity dilution, whilst also further broadening our strong partnership with OGIF."
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 Adviser Tel: +44 (0)20 7131 4000 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
NRALLFEVDSIRIIR
(END) Dow Jones Newswires
July 07, 2016 02:00 ET (06:00 GMT)
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