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Share Name Share Symbol Market Type Share ISIN Share Description
Sound Energy 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
  +0.00p +0.00% 38.75p 38.50p 39.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.9 -18.3 -3.9 - 196.16

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DateSubject
24/7/2016
09:20
Sound Energy Daily Update: Sound Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 38.75p.
Sound Energy has a 4 week average price of 26.90p and a 12 week average price of 20.06p.
The 1 year high share price is 43p while the 1 year low share price is currently 0p.
There are currently 506,211,611 shares in issue and the average daily traded volume is 11,627,703 shares. The market capitalisation of Sound Energy is £196,156,999.26.
19/7/2016
19:07
furtive_flatulator: To be honest telbap I would much prefer to see price movement at a slower pace for now. I would imagine that TE6 results are already being priced in. If it steams ahead of itself now, you are right, we will probably see a drop back. Hopefully TE7 will bring us what we are looking for in the next leg up with better indication of reservoir results and that "juicier share price"
18/7/2016
19:36
dan_the_epic: tidy 2. I actually spoke extensively to Will Holland about the exact same Tendrara asset when Fastnet had it, before they failed to get a partner to agree to their terms and thus surrendered the asset. I was previously interested in whether I should invest in Fastnet, as a cash shell substantially below it's break-up value. I did eventually, but exited after the announcement that it would not liquidate reserves, but seek an entry into biopharma. He was very keen on Tendrara, far above what had been drilled at that date, although clearly Fastnet were unable to progress it. Personally, I see Tendrara as a mid-tier's asset at best (i.e. up to £2bn co). As it stands, and even with generous upside, the potential scale of production in mmscfds, and the bcf in the ground (when you look at recoverables etc, plus state involvement), are not nearly enough to entice the majors, let alone the supermajors. That's not to say that it's a bad asset, but that in a major's portfolio, it would be a salmon in a vast lake. zeberdie. Very cognisant of that factor. I've run comparator bcf calcs, and this stands out as being particularly high. Of course, have to be mindful of potential resource upgrades, which i've done. It's less sky-high on cash flow potential by some distance. Fundamentally, an asset can be huge, but it needs to be extracted with a clear route to monetisation. The distinguishing factor between whether a huge asset can be a good investment, is the scope for dilution, at the shareholder level, and at an operational level (i.e. working interest), by the time that cash flow is up and running. Not convinced that Sound has that path set out. Without meaning to be patronising, I've heard long investors talk about massive resource potential many times before. Very rarely does it manifest into a higher share price after there has been a run up (in my opinion past fair value), this far.
18/7/2016
13:41
apad: "Sound Energy- Tendrara update – it gets better and better Just in, Sound has released an update from Tendrara following the recent share price increase. The company continue with rigless operations ‘having now secured contact with a significant portion of net pay’. The company also announce that it has already achieved a ‘very significant gas flow rate’ which is in the process of stabilising during the clean up process. Sound suggest that the find is ‘highly commercial’ and well above initial expectations and further information can be expected within the next two weeks which itself bodes well for even more upside to come… Tendrara is clearly delivering the goods and with another well imminent, nearby acreage secured, the Schlumberger strategic partnership working and Shell acquiring the surrounding acreage this part of Morocco is looking like a company maker for Sound. A multiple TCF discovery would more than justify the recent price movement…" Malcy, says it all really. apad
18/7/2016
12:22
worrier: The way the RNS is worded tells me that they are supremely confident of success. "highly commercial" "above initial expectations" -and they were already high! Not worried Sound Energy PLC Tendrara Update 18/07/2016 11:00am UK Regulatory (RNS & others) Sound Energy (LSE:SOU) Intraday Stock Chart Today : Monday 18 July 2016 RNS Number : 4637E Sound Energy PLC 18 July 2016 18 July 2016 Sound Energy plc ("Sound Energy" or the "Company") Tendrara Update Following the recent share price increase, Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to update the market on continued positive developments at the Company's Tendrara licence. The Company continues with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announce that it has already achieved a very significant gas flow rate which is in the process of stabilising during the clean up process. The rate is already highly commercial and well above initial expectations. The Company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time.
18/7/2016
12:05
steelwatch: Tendrara Update Following the recent share price increase, Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to update the market on continued positive developments at the Company's Tendrara licence. The Company continues with rigless operations and, having now secured contact with a significant portion of the net pay, is pleased to announce that it has already achieved a very significant gas flow rate which is in the process of stabilising during the clean up process. The rate is already highly commercial and well above initial expectations. The Company will now finalise the rigless operations and make further announcements, as anticipated, within approximately two weeks time.
11/7/2016
12:18
steelwatch: Sound Energy impressed with Tendrara’s early gas flow 10:28 11 Jul 2016 Chief executive James Parsons said he was absolutely delighted to report the "early and potentially very material success". Sound Energy PLC (LON:SOU) shares advanced more than 11% on Monday after results from a new well at the Tendrara project, onshore Morocco, were revealed to be are above company expectations. A significant stable flow of gas has been achieved from just 18% of the reservoir interval, and no stimulation has thus far been performed by Sound Energy. "I am absolutely delighted to report what appears to be an early and potentially very material success at the first of our three strategic plays,” said James Parsons, Sound Energy chief executive. So far the company has perforated 5 metres of gas pay, and has measured a stable flow rate of 1.36mln cubic feet per day. Last week, Sound Energy announced that the new well had been drilled to a depth of 2,665 metres and that 28 metres of net gas pay had been encountered. Further results from the well are expected later this month, Sound Energy told investors. Parsons added: “We eagerly await the post stimulation flow rate but I believe the early results of this first well already both prove a material commercial rate at Tendrara and provide significant early clues as to the regional potential of the Eastern Morocco TAGI reservoir." Sam Wahab, analyst at broker Cantor Fitzgerald described it as “another encouraging development” for Sound Energy, whilst he repeated a ‘buy’ recommendation. “The company’s shares have rallied in recent weeks as the market continues to recognise the successful execution of Sound’s Mediterranean gas strategy, but we believe its current valuation remains undemanding,” Wahab said in a note. With a 40p price target Cantor’s bullish recommendation sees more than 40% upside to the current share price of 27p. http://www.proactiveinvestors.co.uk/companies/news/128036/sound-energy-impressed-with-tendraras-early-gas-flow-128036.html
01/3/2016
11:13
buffythebuffoon: As usual, nothing but spin. SOU turned down a farm in offer on Badile about the time Halley's Comet passed by. They'll drill it about the time it passes again. Lot's of marketing expertise being shown, but nothing can disguise the fact that nothing of any decent size, having an impact on the share price, has occurred. They did a 1 for 10 consolidation years ago at 2p. So the share price became 20p. Where is the share price now? Parsons is being paid to wait. You lot are paying to wait....and wait. Now SOU have added a new country. More money, more risk. People getting excited because something is happening, or rather, will soon happen. You hope... The opportunity cost has been huge. I guess people think Badile will be drilled before Christmas. I thought the same several years ago. Buffy
14/10/2015
10:34
mikemichael2: SOU - Sound Oil plc - SOU chelwood01 - 19 Nov 2011 - 09:30:12 - 17610 of 24662 just going through my private stats this morning and looking at works schedules . i do have numereous tel conversations with go and while not being priviledge to insider information , i am aware of certain factors which have certainly motavated me to keep adding , i am putting a ceiling on my holding at 10m which will be my largist holding in any one company . i sincerly believe that sou will come very good and a conservative estimate assuming they achieve 60% of explorations is 12p by the end of 2012 , i am sure many of you will scoff at this figure but only time will tell . sou potential spudding agenda is massive and there are still numerous opportunities being offered and i am sure go will be aware of the best bargains available , but its a balanceing act between new discoverys , cash flow and projected spudding costs , so many of you may think that there is to much dilotion of the shares , i personally feel you need to look ahead and see the potential , without it we will remain a small aim oil and gas company , with it the skys the limit. dealing in my business life with many ceos , i am very impressed with go and his vision for sound and sure that his drive and business accrument will deliver . i for one will certainly stay the course with sound , i would hate to be out of this one . have agood weekend all soulers. c01 --------------------------------------------------------- SOU - Sound Oil plc - SOU chelwood01 - 20 Jan 2012 - 18:48:01 - 19403 of 24662 i sold all of my sou in november after the annoucement of further dilution , and i said at the time this could easily hit 1p or less with indifferant news from the first spud , news should be available in the coming week if not and the news is indifferant i would expect it will be held back until further news is due which could be more positive . my other worry was rab selling balance of holding . i believe that a large percentage of holders are disgruntled and will sell at the earliest opportunity which i feel will depress any gains that may happen since selling my holding the sou price has dropped by a further 10% and lgo where i reinvested a large percentage of proceeds has risen by 20% and should go much further . i truely wish all sou holders good fortune , but never fall in love with a share . c01 Bitter and Twisted After heavy losses.
01/5/2014
10:16
steelwatch: Sound Oil puts its finances on a sound footing as it secures cornerstone investor and farm-in partner for Nervesa 01 May 2014 by Our OilBarrel Staff Sound Oil has had a strong couple of weeks. Not only has the AIM-quoted E&P land a cornerstone institutional investor, injecting £14 million of capital, but it has also signed a farm-out for its Nervesa project in Italy's Po Valley, which it has long said could be a potential company-maker. Shares in the company are currently above 7 pence, a solid bounce higher than the lows of 4.5 pence seen earlier this year. The farm-out has been signed with Niche Group, the energy investing group which plans to apply for admission to AIM later this year. Niche will acquire a 27.5 per cent interest in the onshore Carita licence in exchange for paying 100 per cent of the costs of a second well targeting the southern part of the Nervesa structure. The €6 million well is due to spud before mid-year. Sound's CEO James Parsons said this 3.6 to1 farm-out would fully fund the next well to help the company move Nervesa towards first gas without dipping into the new cash pot of £14 million. Those funds, said Parsons, an ex-Shell executive, would be preserved for the company's "world class" Badile prospect, where it is also seeking a farm-in partner, and its material Laura discovery. Neresa, the flagship asset in the portfolio, is a material gas discovery, first drilled by Eni in 1985. Sound Oil successfully followed up in summer 2013, flow testing the well at 2.7 million cf/d from multiple sandstones and increasing the P50 recoverable resource estimate from 21 BCF to 24 BCF, and is now keen to probe the southern limb of the structure. It hopes to bring the field onstream next year and says the cashflows will be "material", around €18 million a year from three wells. The Nervesa farm-out came just days after £25 million market cap Sound announced an agreement with Continental Investment Partners to inject £14 million of funds at an average price, post warrant exercise, of nine pence per share (a 69 per cent premium to the prior day closing share price). The new investor will have the right to nominate two non-executive directors to the Board. One of these is already known: Continental's managing partner, Marco Fumagalli, a former group partner at 3i. These two deals put Sound on a much stronger financial footing as it begins to chase down some of the larger assets in its portfolio. The company already enjoys production and cashflow from the small (1.2 BCF) Rapagnano gas field in the Marche region, which last year produced 15 per cent above budget at rates of 340,000 cf/d, bringing in around €900,000 a year, and which will shortly be joined by a second onshore gas field, Casa Tiberi, where civil works are now underway. Sound reckons cash flows from both fields will completely fund its cost base in Italy. Now the £14 million funding injection from Continental will give it the financial muscle to advance more material projects with the resource potential to really move the needle for the company. Badile is the largest and most strategic asset in the portfolio, with the potential to hold 178 BCFe and could be work €486 million to Sound on an NPV10 best estimate basis. It is scheduled for drilling in Q42014-Q1 2015 at a dry hole cost of more than €22 million, a real step change in cost and exposure for Sound. But one of the real strengths of Sound is the breadth of its portfolio, which means it is never over-exposed to the result from any single well. Next year will see an appraisal well in the onshore SMG permit, which could host 18 BCF of gas, as well as the 30 BCF Laura discovery in the Gulf of Taranto, which will be drilled using a long reach deviated well from onshore. There's also the Zibido prospect, a 16 million barrel target, in the Po Valley of northern Italy. Importantly, the company has also demonstrated its ability to get things done, with projects moving up the value chain at a pace that, in Italian terms, is almost break-neck. While many investors have despaired at AIM companies that sit for years on acreage for which they cannot get permits or approvals, Sound has managed to bring one field into production, has another in development and a series of major exploration and appraisal projects lined up for drilling in the next 18 months. And it now has the cash to press the accelerator - it could be an interesting year ahead. http://oilbarrel.com/news/sound-oil-puts-its-finances-on-a-sound-footing-as-it-secures-cornerstone-investor-and-farm-in-partner-for-nervesa
09/12/2012
12:05
eelbuoy: Apologies for the long post . Sound Oil PLC Strombone Funding RNS Number : 6114E Sound Oil PLC 01 June 2012  1 June 2012 Sound Oil plc ("Sound Oil" or "the Company") Strombone Funding Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it is in advanced discussions with an established oil and gas fund to finance appraisal drilling on the Strombone field, in the Torrente Alvo permit, onshore Italy. The Strombone discovery has been the subject of a Competent Persons Report undertaken by Fugro Robertson which confirmed a P50 best estimate of contingent oil resources (2C) at Strombone of 6.4 MMbo with a NPV10 success case of US$131.0 million. The appraisal drilling is scheduled for the end of 2012. Whilst still subject to contract and due diligence, the funding would be provided through a US$6 million unsecured loan, extendable to US$9 million by mutual consent. The loan is not repayable should there be no production from the licence and will entitle the fund to a percentage of the gross revenues from the licence in the success case. Final terms will be announced following contract signature. Very confident of a successful outcome with an unsecured loan of $6m with possible extra $3m by mutual consent . Sound Oil PLC Funding Update RNS Number : 6860H Sound Oil PLC 16 July 2012 The placement involves the Company issuing 774,341,464 new ordinary shares of 0.1 pence each immediately in exchange for 7,143,300 redeemable subscription notes at a par value of £1 per note. The notes are unsecured and non interest bearing. They will be redeemed in seven equal amounts for a cash consideration at the end of seven separate trading periods, commencing 25th July 2012 and finishing in February 2013. The cash consideration for the redemption of the notes is calculated as the arithmetic average of the 20 trading day volume weighted average price ("VWAP") for each of the seven periods. In summary the Company will therefore issue a fixed number of shares for a variable consideration (the VWAP for the next seven months). The placement also involves the cancellation of all (217,552,682) existing warrants previously issued by the Company. No new warrants are being issued in association with this placement. Whilst the precise amount raised will depend on future share price trends, the placement would raise approximately six million pounds (after fees and transaction costs which reflect the warrant cancellation) should the share price remain constant. Various protection clauses have been agreed as part of the placement, including a "no shorting" provision, a cap on Astin investors owning more than 29.9 per cent of the Company's share capital and a floor price. The floor price is variable, being determined by Sound at the beginning of each settlement period and enabling the Company to elect to roll forward the settlement of those days below the floor price to an extraordinary settlement period at the end of the seven months. The settlement during the extraordinary settlement period is the 40 days VWAP of that period. Application will be made for the new ordinary shares to be admitted to trading on AIM and this is expected to become effective on 20 July 2012. Following the issue of the new shares, the Company will have 2,870,128,815 ordinary shares in issue with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 2,870,128,815 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. Friday 07 September, 2012 Sound Oil PLC Holding(s) in Company RNS Number : 8180L Sound Oil PLC 07 September 2012  7 September 2012 Sound Oil plc ("Sound Oil" or "the Company") Holding in Company Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it was notified on 6 September 2012 that Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) is interested in 650,000,000 ordinary shares of 0.1p each in the Company (representing 22.65% of the Company's issued ordinary shares) of which 553,101,045 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 96,898,955 are held by Manxdale. 21 September 2012 Sound Oil plc ("Sound Oil" or "the Company") Holding in Company Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it was notified on 21 September 2012 that Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) is interested in 595,000,000 ordinary shares of 0.1p each in the Company (representing 20.73% of the Company's issued ordinary shares) of which 442,480,837 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 152,519,163 are held by Manxdale. 2 October 2012 Sound Oil plc ("Sound Oil" or "the Company") Holding in Company Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it was notified on 2 October 2012 that Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) has reduced its interest from 595,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to 525,000,000 Ordinary Shares (representing 18.29% of the Company's issued ordinary shares) of which 442,480,837 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 82,519,163 are held by Manxdale. 1 November 2012 Sound Oil plc ("Sound Oil" or "the Company") Holding in Company Sound Oil, the Italian focused upstream oil and gas company, was notified today that as of 31 October 2012, Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) is interested in 391,860,628 ordinary shares of 0.1p each in the Company (representing 13.65% of the Company's issued ordinary shares) of which 331,860,628 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 60,000,000 are held by Manxdale. As you can see started with 3/4's of a billion shares being issued. November saw 170 odd million shifted. Investors are happy to buy , the healthy volume in the last few months shows us this. Now is this all P.I.?s or is there an Institutional Interest other than Mr Al Fayed ? will we get any other holding RNS's ? Where is Astin going to stop ? And do not forget there is a 40 day extraordinary settlement period in case insufficient shares have been sold , which at these volumes look unlikely. And then there is an open offer to the likes of us to the tune of a £1m. The transaction involves Sound Oil selling its 20% working interest in the PSC to Pan Orient Energy (Citarum) PTE Limited ("POE"), the operator. In consideration for the working interest, POE have committed to Sound Oil to: · waive a total of US$2.4 million of cash calls; · pay Sound Oil US$10 million in cash contingent on revenues from the first discovery; and · pay Sound Oil a further US$6 million in cash contingent on revenues from the second discovery. It does look like JP has played quite a good hand here ; cut the spends in Indo whilst retaining upside exposure , got CSTI to fund 50% of the Rapagnano and Nervasa operations , Unsecured interest free loan of $6m with a poss extra $3m to fund Strombone, (Which doesn't have to be paid if there is no production !!!) JP does seem to have made some tough calls and keep SOU in a financially strong position in the face of adversity. 20 November 2012 Sound Oil plc ("Sound Oil" or "the Company") Funding Update Sound Oil, the Italian focused upstream oil and gas company is pleased to provide a funding update ahead of forthcoming drilling operations at Rapagnano and Nervesa. The Company confirms that the third and fourth tranches of the share placement announced on 16 July 2012 have now been settled, generating a total of £2.0 million (at monthly VWAPs of 0.870 pence and 1.141 pence per share). The Company's current cash balance, following receipt of the fourth tranche payment of US$1.8 million which is due today, will be US$6.2 million, with no debt. The remaining three tranches of the placement, assuming current share price levels, are expected to raise a further £3.5 million (US$5.5 million). In addition the open offer expected to be made to shareholders in March 2013 following the conclusion of the placement should generate up to a further £1 million (US$ 1.6 million). The estimated total remaining expenditure across Nervesa and Rapagnano is some US$2.4 million (US$1.8 million on Nervesa and US$0.6 million on Rapagnano). Both operations therefore remain easily funded from the current cash balance. Site operations at Rapagnano begin this week (10th) with well deliverability Confirmed by the 19th. A day before my birthday . Here we go chaps , nearly a producer. let the buying commence. Shymas is on holiday so we are bound to go up ;)

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