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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 5.13% | 0.82 | 0.81 | 0.83 | 760,400 | 16:35:29 |
| 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 : 0803O
Sound Energy PLC
04 February 2016
4 February 2016
Sound Energy plc
("Sound Energy" or the "Company")
Nervesa First Gas
Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce that it has achieved first commercial production at the operated onshore Nervesa gas discovery on 3 February 2016. The Nervesa discovery was drilled successfully by the Company in 2013 and benefits from a gas sales agreement with the Shell Group.
A further announcement confirming production rates will be made in due course, after the initial clean-up phase is completed and the stable flow rate has been assessed.
The Company's webcam will now depart Italy for Morocco, where the Company is approaching its first well at the Tendrara licence.
James Parsons, the Company's Chief Executive, commented:
"First gas at Nervesa is a landmark event for the Company, providing energy to a robust domestic market and further underpining our broader Mediteranean expansion."
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7016 Patrick d'Ancona 9573 Chris McMahon Alexandra Roper --------------------------------- ----------------------------- Sound Energy j.parsons@soundenergyplc.com James Parsons, Chief Executive Officer --------------------------------- ----------------------------- Smith & Williamson - Nominated Tel: +44 (0)20 7131 Adviser 4000 Azhic Basirov David Jones Ben Jeynes --------------------------------- ----------------------------- Cantor Fitzgerald Europe - Tel: +44 (0)20 7894 Broker 8896 Sarah Wharry David Porter --------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSSLSULFMSEIE
(END) Dow Jones Newswires
February 04, 2016 05:00 ET (10:00 GMT)
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