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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 Shares Traded Last Trade
  -0.225 -7.26% 2.875 6,102,187 16:35:24
Bid Price Offer Price High Price Low Price Open Price
2.755 2.995 3.00 2.75 2.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -11.75 -0.66 33
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:01 O 19,174 2.8111 GBX

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Date Time Title Posts
10/7/202016:56James Parsons478
10/7/202016:15SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area15,456
16/4/202019:14I BOUGHT SOUND ENERGY TODAY SO UNDERVALUED16
23/6/201915:39James Parsons 97
21/6/201914:56BT warns red flags 19

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DateSubject
12/7/2020
09:20
Sound Energy Daily Update: Sound Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 3.10p.
Sound Energy Plc has a 4 week average price of 1.11p and a 12 week average price of 0.96p.
The 1 year high share price is 9.50p while the 1 year low share price is currently 0.80p.
There are currently 1,161,851,296 shares in issue and the average daily traded volume is 11,884,210 shares. The market capitalisation of Sound Energy Plc is £33,403,224.76.
13/6/2020
17:39
brookemia: RE: Maghreb PipelineFri 17:29 The absolute minimum one should expect from a CEO is to be honest and transparent while acting in good faith😇While it is accepted, perhaps even expected that CEOs may give a "politician's answer" to some of the most difficult/sensitive questions, being a tad evasive with the full details, a 🤥CEO James Parsons🤥who routinely says things like "what ever you do, hang on to your golden tickets", "£10 a share just won't cut it", among many other overtly superlative descriptions of the assets, does not qualify as coming anywhere close to those minimum expectations described above in my opinion. Fair enough, if £10 a share was a tad optimistic, if the 🤥CEO🤥; James Parsons🤥 gets a tad carried away, then maybe with honest reflection us shareholders would console ourselves by saying "well, at least we got £5... or even £2 per share.... at least nobody can say they lost money even if the early retirement is no longer an option....etc" - but no, the share price is sitting a little above 1p per share. Practically worthless. Even 🤥JP's㊃7; staunchest defender 🤥CRUDHOPE29317;cannot muster a credible defence of his prior comments, which appear to be either criminally negligent or criminally deceptive, bordering on the type of commentary even Soviet era/North Korean propagandists would blush to write. Inexcusable. But all is not lost. Even in the harshest winter of our discontent, there is a glimmer of hope because the Tendrara asset is still substantial. Had 🤥JP🤥given an honest and transparent assessment of the situation in good faith, which I am tentatively prepared to say GL is providing, the share price would not be sat anywhere near 1p. It almost certainly would never have reached the heights of £1 either of course, but I think GL can make a significant recovery from this point. Unfortunately many holders will never get close to their money back without averaging down substantially, but the current share price suggests the market has lost all faith in this company until some substantive news drops. Genuine best wishes to all holders.
09/4/2020
12:14
brookemia: sent to questions@soundenergy.com, mail@continentalip.ch which is Marked-up Fuming-alli Kasjnaton Posts: 142 Price: 1.035 No Opinion RE: Where now for Sound?Today 09:31 If Sound have no immediate or even medium term financial issues what are their concerns with having independant auditors checking and confirming those accounts? If anything it would help restore some confidence in the company and may, heaven forbid, actually cause a small increase in the share price. As you have said the $7.3 M is unaudited, with the board having been very reluctant to answer questions on this subject. There has been failure after failure after failure, the BoD need to do something to restore confidence in Sound to be able to deliver on the plan, relying on hopes and dreams and ignoring cold hard facts is not the way to run a business. ReplyRecommend (2)Report Post Levelup Posts: 577 Price: 1.035 No Opinion RE: Where now for Sound?Today 09:02 The question is if James & Brian have been denied their Ludacris bonus pay offs do we now have more cash to see us through a bit further. As I'm sure Sound still read this board I will make this clear. DO NOT EVEN ATTEMPT TO BLAME THE VIRUS FOR THE DEMISE OF THIS COMPANY. THE BOARD, PAST & PRESENT ARE SOLELY RESPONSIBLE.
06/4/2020
10:40
brookemia: InsideAscent Posts: 1 Price: 2.50 No Opinion RE: Ascent's FutureToday 10:36 The first of these involves new investor Andrew Dennan. He will shortly be in position at Ascent. Andy is a close associate of Brownfinger, and has been suffering financially as he supports Brown’s efforts to relieve $ from the microcap sector investors. 1. Andy is a shareholder in C4, which recently purchased the debt of NUOG with the idea of using NUOG as a shell for other deals. This hasn’t worked out too well and the deadline to make a deal is looming. Andy has been appointed to the Board but is struggling to get traction with anyone. 2. Andy kindly stuck his hand in his pocket to the tune of £100k to back the Ascent fund raising at 5p. The share price euphoria on announcement was short-lived and all those that committed to the raise were not able to get out before the share price collapse. Some didn’t follow up and complete the deal, but at least Andy did. Sadly though, his shares are now worth only half what he paid, leaving him £50k down on paper. 3. Andy has recently lost his job at Coro as CFO. His £200k pa salary has been lost and he is now a non exec, salary circa £30k pa but deferred for the the next 3 months. Oh dear. Times must be tight in the Dennan household. But wait….maybe Brownfinger can help him out?! Surely a role for Andy at Ascent is the answer? That way Andy can re-coup his investment through a salary and be in position to help with the next step in the process, which is to load up Ascent with debt.
18/3/2020
11:42
brookemia: Ms Dees, are the B🐷O🐷D🐷 and of course Staff🥊taking a plunder cut🤥🐷;💰 jessell Posts: 1,041 Price: 0.70 No Opinion RE: Take heedTue 11:22 THE WHEELS CAME OFF A LONG TIME AGO! ReplyRecommend (1)Report Post partridge Posts: 1,936 Price: 0.725 No Opinion Take heedTue 09:31 Interesting RNS at Echo this morning. Low oil price, falling revenues and the company being put into lockdown. Echo and Coro have the legacy of Mr Parsons fund raising and high interest rates for its "cornerstone investors". Administration costs killing both companies. High salaries, plenty of options, no results. Coro could be the next zombie company. Be warned. The wheels have come off. ReplyRecommend (2)Report Post partridge Posts: 1,936 Price: 0.75 No Opinion How's that Zen deal going?10 Mar '20 The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue. 0.7p and falling for Zenith. Coro might get £40,000 for the Italian interests. Follow the CFO, Andrew Dennan, over at Nuog. He can lose money for you there as well. Although he wears his C4 Energy cloak there. Perhaps he was distracted doing that job to care for shareholder interests here. But do they care? Two jobs, two salaries. However poorly sharehoder iterests are looked after
15/3/2020
11:38
brookemia: Another Parsons Success Story🤥ԍ54;🐷🤦;‍♂️;💰 partridge Posts: 1,921 Price: 0.0375 No Opinion Be wary of what is put in front of youSat 10:40 https://investegate.co.uk/ascent-resources-plc--ast-/rns/fundraising-update-and-total-voting-rights/202003131741141775G/quote Read the RNS. It has significance for Nuog shareholders. Mr Parsons is struggling to raise placing cash at Ascent Resources. Ascent, like Nuog, is a bombed out oily. Mr Parsons is a director of C4 Energy, the company ruling the roost, or should I say holding the debt, at Nuog. The two new people at Nuog are shareholders in C4 Energy. The same MO will be used at both companies. Raise cash from placing and sell the shares onto mug punters. That's OK as long as the share price is above the placing price. Ascent shareholders have not rushed in to buy. The share price is below the placing price. Get the picture? The placing faltering. Cash is hard to raise. The shares at Ascent have no true value. The same applies to Nuog. Share price below the two recent cash raises. A lack of appetite from placees. Even after yesterdays pump and dump when the doctor was called in. Let the good doctor keep his own medicine. The hype was about disguising the sale of 150,000,000 shares in the morning. Perhaps someone was asked to partake in the next cash raise and didn't like the odds? People want to sell large share holdings and skeddadle. Smell the coffee. The jumpers are going to try very hard to raise the share price. To do that they need to relieve you of your money. Do not let them. Do not be a mug punter.
24/2/2020
20:29
brookemia: gulagescapee Posts: 73 Price: 2.625 No Opinion coro BBToday 13:59 this from a top poster "patridge" on Coro BB but very relevant here. If the majority of PI's in companies with any links to Parsons think he is a low down scum bag out to line his own pockets and those of his little gang then well.......me I couldn't possibly comment lol " The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue". Why would the initial consideration be settled by the issue of shares at 6p when the share price was about 2p? How is that beneficial to shareholders of Coro? Why is the deferred consideration linked to the Zenith share price? And why is the payment at a 40% premium? How is that beneficial to Coro shareholders? If the production target is not met is there no deferred consideration paid? If the production target is not met do Zenith get the Italian portfolio for 6.7 million shares valued at 6p. Zenith shares are 1.4p today. There was also a 6 month lock in so Coro cannot sell. Is this a good deal? Don't worry. The head of Coro Italy has got a new position. He has gone to Ascent Resources with Mr Parsons. Is Mr Parsons chairman of Coro? I know he is director of C4 Energy. Mr Denham, the Coro CFO, is a shareholder in C4 Energy. He was parachuted into Nuog by C4 Energy. The broker at Nuog is Novum Securities. One of the brokers at Zenith is Novum Securites. Charles Brook Partridge is named at the bottom of the Zenith RNS as one of the partners in Novum. In recent weeks he bought 3% of Nuog shares. Two others did the same. The shares spiked. Charles sold his shares two days later. One of the people buying 3% Nuog shares was Mike Staten. He has a 6%+ stake in RGM. Mr Parsons is executive chairman at RGM in his C4 Energy capacity. RGM have a stake in Curzon. Recently C4 Energy bought the outstanding corporate debt in Curzon. It is a tangled web. Meanwhile, Coro has no assets. It has cash. But it also has £4,000,000 of administration cost a year. Everyone is highly paid and rewarded with options. Why? It is little more than a shell. It can find no place for its cash. No one wants it. Well, at least not in return for tangible assets.
02/2/2020
20:31
brookemia: HUR JOG UKOG BPC LEK BOIL RBD PANR PXOG CORO SOU ECHO AAOG ZEN BLOE Posted: 02 Feb 2020 03:37 AM PST It’s been a busy week. Hurricane Energy (HUR) issued a trading and operational update and addressed the recent share price weakness, confirming that they are not aware of any subsurface, operational or commercial reasons that would have caused such decline. HUR was in the mid-40s a couple of months ago and now it's more than halved to 21p. Generally, I think that with these type of companies, the best profits are to be had in the exploration/appraisal phase; many tend to plateau or decline once the development/production stage is reached. Also operating in the North Sea, Jersey Oil & Gas (JOG) announced the acquisition of Equinor's 70% interest in Licence P2170. Payment terms are $3 million upon sanctioning by the Oil & Gas Authority of the Field Development Plan, $5 million upon first oil and an undisclosed royalty. This increases total 2C discovered resources across the Greater Buchan Area to 142 million barrels of oil equivalent net to JOG. They will be launching a farm-out process to attract partners, unfortunately the market doesn't appear to be hugely impressed with their news. Back onshore, UK Oil & Gas (UKOG) announced that they are bringing HH-1 into production during Spring 2020, followed by HH-2z upon completion of the current extended well test. This will enable recoverable reserves to be allocated to the project, a key first step to help access debt-based funding. HH-2z water shut-off intervention is to proceed in February. In relation to Loxley-1, the planning application will be heard by Surrey County Council at the end of February and, if approved, the Company plans to commence drilling in the winter of 2020/21. Can they generate enough new investor interest to offset selling by the convertible loan note holders is the issue here. With the largest upcoming drill net to its interest, Bahamas Petroleum Company (BPC) announced its "Roadmap to Drilling" resulting in some market excitement. Drilling is expected to commence in April 2020 targeting P50 recoverable prospective resources of 0.77 billion barrels of oil, with an upside of 1.44 billion barrels. It's not actually financed yet though. I discuss all this further in the private blog and, if you're interested in subscribing to that, the link is hxxps://www.oilnewslondon.com/oilman-jim Moving on, Lekoil (LEK) announced that its Otakikpo field is currently producing 2,122 barrels of oil per day net to LEK's subsidiary, LOGL. Their expansion project has the potential to increase production on the field up to 8,000 barrels of oil per day net to LOGL, although the subsidiary also carries a term loan debt of $19.2 million at LIBOR + a rather large 10%. The big play at LEK is OPL 310, in respect of which $2 million has to be paid on or before 20 March 2020, $7.6 million has to be paid on or before 2 May 2020 and evidence of their ability to fund 42.86% of the costs and expenses for drilling the first OPL 310 appraisal well has to be provided by July 2020. A financing is certainly coming up and I doubt it will just be debt this time. Baron Oil (BOIL) returned from suspension; its reverse take over of SundaGas has been terminated. They still have an entitlement to an effective 25% interest in the Chuditch Petroleum Sharing Contract, offshore Timor-Leste, providing they reimburse their $500,000 share of costs before 26 April 2020. Perhaps of more immediate interest, an experienced local operator with onshore drilling capability has expressed a desire to drill their Peru block, farming-in by contributing a substantial portion of the costs in return for equity in the block. Drilling this well would be a relatively low-cost operation, estimated at $1.4 million (gross) with two independent reservoir targets which would offer shareholders drilling activity during 2020 and the potential for significant additional value on discovery. They also have a 15% share of the Corallian prospects, but apart from Reabold Resources (RBD) rabbiting on about a huge discovery, I think everyone else accepts that Colter is dead. Currently, I wouldn't pay too much attention to the talk about the Inner Moray Firth licences either. With £346,000 cash as of 31 December 2019, a fundraising clearly now is imminent. Pantheon Resources (PANR), has been issuing some strong announcements, to no end unfortunately since their shares currently are suspended for failing to file their accounts on time. They announced a report the previous week confirming a contingent resource of 76.5 million barrels of recoverable oil and say that their farm-out process remains underway with a number of groups having entered the data room and with a number of others having expressed interest in entering the data room in the future. It doesn’t really sound that promising actually. Of more relevance to investors perhaps, following receipt of the contingent resource statement, which their auditors insisted upon, they’re “targetingR21; publication of the financial results and hope to return to trading this month. This week, they're touting their own management estimates that the new acreage they picked up in the December lease sale could contain in excess of 1 billion barrels of oil in place. It all seems a bit of a waste of time with their shares suspended. For some reason, I find it very hard to take this company seriously. Prospex Oil & Gas (PXOG) announced a placing of 600,000,000 shares at 0.12p to raise £720,000. Two years ago the share price was nearly 0.8p, so you can see the value destruction that has gone on here. Latest wheeze is an old Spanish gas to power project, which sounds quite interesting, until you see that the original "vendors retained the right to 16% of future revenue derived from any further commercial discoveries." That's a 16% royalty on gross production, which is quite something compared to the royalty paid to the actual owner of the gas, the Kingdom of Spain, which is just 3%. PXOG is yet another unfocussed company jumping from here to there and never likely to generate operating profits exceeding administration expenses allowing an actual return to shareholders. I’ve warned about this one and other similar companies before. As investments, they are pointless really. Kind of like burning your money. In the same category, Coro Energy (CORO) announced the termination of the Bulu PSC acquisition. They say it's due to a change in strategy, but I guess that change was forced upon them since they could not raise the finance needed. CORO is one "person" in James Parson's self styled "holy trinity," the others being Sound Energy (SOU) and Echo Energy (ECHO). With credibility now shattered and the share prices collapsed, unless they've already forward sold the shares at a higher price, only an idiot would invest any money. I’ve warned about all three of them constantly.
22/12/2019
20:21
brookemia: OilmanJim AAOG BLOE SOU UOG RKH TXP UJO RBD SOLO PXOG ECHO Posted: 22 Dec 2019 02:49 AM PST Companies are now saving up their good news for next year, but there were still plenty of interesting announcements last week. Anglo African Oil & Gas (AAOG) CEO, James Berwick, resigned on Monday and the share price now is down to around half a penny. They're only going to "commence a search for a new CEO at the appropriate time” so it’s looking like things are over at this company. It’s a good result for those who paid attention to what I've being saying about Anglo African over the past year and shorted it. Most though were simply very angry with my comments. As Mark Twain said: “It’s easier to fool people than to convince them that they have been fooled.” Another winner for shorts over the last six months is Block Energy (BLOE), which ramped up its share price in anticipation of a placing on the basis that it was producing 1,100 barrels of oil per day and didn’t need a placing. In fact, as I warned numerous times, the production was mainly water and the price collapsed once the truth was admitted by the company. Block announced an operations update on Tuesday in relation to its latest well, but I would guess that having been spoken to very firmly by the regulators, it's taking no chances now, disclosing only that the well is "flowing" and not even mentioning the word “oil” this time. It’s remarkable looking back on this now, how aggressively I was attacked at the time by those peddling the false stories and also by those who wanted to believe them. A third disgrace is Sound Energy (SOU), which I've been calling down from the mid 40s. It announced yet another "keep the lights on" placing on Wednesday, this time at 2p, but it's still capitalised at £26 million, so has plenty of room to fall further, which it may well do since the sale of its assets now sounds very far from certain. A big success for those who shorted it though. A further company attracting controversy is United Oil & Gas (UOG), where some placees who were sitting on losses have gone on a ramp. The claims being made on social media were so excessive that the company was forced on Friday afternoon to issue a RNS disclaiming them and emphasising that sustainable production rates could be significantly lower than the initial test. The group responsible for the statements which prompted the RNS has previously been distributing other misleading information and I would strongly suggest taking the time to read carefully and understand fully all the RNS announcements from United Oil & Gas and Rockhopper Exploration (RKH). On the brighter side for those stuck in at higher levels, if the pump continues to work temporarily, it could provide an opportunity to get their money back. More realistic news from Touchstone Exploration (TXP) which announced strong test results from its COHO-1 well, plus an oil discovery. In the New Year, they're going to comprehensively test the the Cascadura-1ST1 well and, if the findings are positive, it will set up a development drilling program. Still to be resolved though is how this would be funded. Union Jack Oil (UJO) and Reabold Resources (RBD) announced that extended well test operations are to be recommenced following receipt of the required regulatory approvals. The market was not impressed unfortunately and the share prices of both companies dipped, although Union Jack looks to be the firmer of the two now. Solo Oil (SOLO)’s production acquisition is looking uncertain. They’re now trying to renegotiate terms with ONE Dyas to reflect changes since signing, but there are no guarantees that new terms can be agreed and the deal may not proceed. No market changes here though since the shares currently are suspended. Prospex Oil & Gas (PXOG) announced the possible acquisition of a minority stake in a Spanish gas power project. They say they believe their current market cap represents a fraction of Prospex's underlying value, unfortunately, the market probably won’t believe that and the financing for all this is likely to be at an even lower price next time. Echo Energy (ECHO) announced mobilisation of the rig to drill the Campo Limite exploration well, which is due to spud before year end. The operator’s estimated volumes for gross gas initially in place for the Campo Limite area is 48.9 billion cubic feet P50 mid case. Estimated geological chance of success is 70%. Let’s see if luck changes over the New Year for this part of Mr. Parson’s self styled “holy trinity.” I'll be back next Sunday with a full blog and podcast and if you'd like to know my actual trading ideas, then subscribe to the private blog at hxxps://www.oilnewslondon.com/oilman-jim The next issue will be sent out on Friday. In the meantime, I wish you all a very Merry Christmas. Contact me on Twitter @oilmanjim The author holds one or more investments in one or more of the companies mentioned so this post cannot be viewed as independent research. This post does not constitute investment advice or a recommendation to buy or sell and may be incorrect or outdated
27/7/2019
10:11
brookemia: Outside perspective of The Failure’s tenure at Sound: Some Sound Energy (LON:SOU) Shareholders Have Taken A Painful 79% Share Price Drop Simply Wall St July 25, 2019 Sound Energy plc (LON:SOU) shareholders should be happy to see the share price up 13% in the last month. But that isn’t much consolation for the painful drop we’ve seen in the last year. Specifically, the stock price nose-dived 79% in that time. So the rise may not be much consolation. The bigger issue is whether the company can sustain the momentum in the long term. Check out our latest analysis for Sound Energy With zero revenue generated over twelve months, we don’t think that Sound Energy has proved its business plan yet. You have to wonder why venture capitalists aren’t funding it. As a result, we think it’s unlikely shareholders are paying much attention to current revenue, but rather speculating on growth in the years to come. For example, they may be hoping that Sound Energy finds fossil fuels with an exploration program, before it runs out of money. We think companies that have neither significant revenues nor profits are pretty high risk. There is almost always a chance they will need to raise more capital, and their progress – and share price – will dictate how dilutive that is to current holders. While some companies like this go on to deliver on their plan, making good money for shareholders, many end in painful losses and eventual de-listing. Some Sound Energy investors have already had a taste of the bitterness stocks like this can leave in the mouth. Our data indicates that Sound Energy had UK£10,008,000 more in total liabilities than it had cash, when it last reported in December 2018. That makes it extremely high risk, in our view. But since the share price has dived -79% in the last year, it looks like some investors think it’s time to abandon ship, so to speak. The image below shows how Sound Energy’s balance sheet has changed over time; if you want to see the precise values, simply click on the image. AIM:SOU Historical Debt, July 25th 2019 AIM:SOU Historical Debt, July 25th 2019 Of course, the truth is that it is hard to value companies without much revenue or profit. What if insiders are ditching the stock hand over fist? I would feel more nervous about the company if that were so. It costs nothing but a moment of your time to see if we are picking up on any insider selling. A Different Perspective While the broader market gained around 2.8% in the last year, Sound Energy shareholders lost 79%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year’s performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5.3% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. If you want to research this stock further, the data on insider buying is an obvious place to start.
04/6/2019
18:30
brookemia: Mike, pause for thought: love the bit about confusing PARSONS with a US actor😂 Sound Energy’s Morocco turning point Sound Energy is focused on finding gas in West and East Morocco and while the concessions in West Morocco discovered commercially viable gas, the eastern part has mainly been a drain on resources. In the western part the explorer is talking to the Moroccan government about a gas sales agreement with a view to eventually selling the gas to local power plants. How the Libya conflict affects the oil price In terms of the eastern Morocco concessions, Sound Energy is now at a turning point where it will either have to cut its losses or end up sitting on unproductive land. Given the history of the east Moroccan exploration, the obvious question is why would another explorer buy a concession that so far did not prove feasible, particularly given that Sound Energy’s partner Schlumberger was involved in early testing on the sites? The share price has been reflecting this conundrum, gradually eroding from a peak of GBP30.78 in early January to GBP17.28 before the news in May. It then swiftly lost another GBP7 and is now trading at around GBP10.50. Where next for Sound Energy shares? The explorer’s chief executive James Parsons, not to be mixed up with US actor James Parson who plays Sheldon in the Big Bang theory, will address the question of where to next for Sound Energy at the company’s fireside chat event for investors next Monday. Parsons, who also holds a number of non-executive chair positions in other exploration companies including Echo Energy and Coro Energy, recently said the company is considering whether or not to sell Sound Energy’s East Morocco concession before a final investment decision on the Tendrara TE-5 production area. Is OPEC still a factor in the oil price? Financially, an income stream for the company is still a long way away. The non-binding offer from the Moroccan government has yet to become a signed contract before Sound Energy can look into building a power plant in Western Morocco. A better analysis will have to be made closer to the time when gas prices, gas availability and the reliability of the local players will also come into play.
Sound Energy share price data is direct from the London Stock Exchange
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