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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 | 0.73 | 0.848 | 75,718 | 11:34:43 |
| 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 : 4662Y
Sound Energy PLC
02 January 2020
2 January 2020
Sound Energy plc
("Sound Energy" or the "Company")
Update re Tendrara Gas Sales Agreement MOU
The Company announced on 30 October 2019 that it had, in relation to ongoing negotiations in respect of a Gas Sales Agreement for the sale of natural gas production in the Tendrara concession in Eastern Morocco (the "GSA"), entered into a binding memorandum of understanding (the "MOU") with Morocco's Office National de l'Electricité et de l'Eau Potable ("ONEE"), the state power company of Morocco, on behalf of its partners, including Morocco's L'office National des Hydrocarbures et des Mines.
Under the MOU the parties have agreed to use their reasonable endeavours to continue negotiations with a view to entering into a binding GSA, incorporating the key terms of the MOU announced on 30 October 2019 and construed under Moroccan law, prior to the end of calendar year 2019.
The Company confirms that GSA negotiations continue and announces that it is in the process of agreeing an amendment to the MOU with ONEE in order to extend the period for negotiations of the final GSA to 31 March 2020 (the "Amendment"). Following an agreement in principle, the parties intend to enter into the Amendment as soon as is practicable.
Further announcements will be made, as appropriate, in due course.
For further information please contact:
Hot Features
Premium
Vigo Communications - PR Adviser Tel: 44 (0)20 7390 0230
Patrick d'Ancona
Chris McMahon
Simon Woods
Sound Energy questions@soundenergyplc.com
Cenkos Securities - Nominated Adviser Tel: 44 (0)20 7397 8900
Azhic Basirov
Ben Jeynes
Tel: 44 (0)20 7653 4000
RBC - Joint Broker
Matthew Coakes
Martin Copeland
Macquarie Capital (Europe) Limited Tel: 44 (0)20 3031 2000
- Joint Broker
Alex Reynolds
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
UPDEAKFFEFLEEFA
(END) Dow Jones Newswires
January 02, 2020 02:00 ET (07:00 GMT)
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