Sound Energy plc
SNEGF
Other OTC0.03
USD
- -
- -
ISIN
GB00BVP8H932
Return %
Stock
S&P500
1Y
-97.22
14.20
3Y
-93.02
82.01
5Y
-98.64
69.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Majid Shafiq
- Full Time Employees
- 7
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 20 St Dunstan’s Hill London GL United Kingdom EC3R 8HL
- IPO Date
- Nov 17, 2016
- Website
- soundenergyplc.com
- Similar Companies
- Business
- Sound Energy plc (LON:SOU), a United Kingdom-based transition energy company headquartered in London and founded in 2005, focuses on the exploration, appraisal, development and production of natural gas assets primarily in Morocco; it operates a phased development program at the Tendrara Production Concession, including Phase 1 micro-LNG (mLNG) facilities for supplying gas to industrial consumers via a 10-year lease and offtake agreement with Afriquia Gaz, and Phase 2 involving a central processing facility, 120km pipeline to power stations and connection to the Gazoduc Maghreb Europe (GME) pipeline; core assets encompass a 20% non-operated interest in the 133.5 sq km Tendrara Production Concession with 75.4 Bcf net 2C resources at the TE-5 Horst discovery in the Triassic TAGI reservoir, 27.5% non-operated interests in the 14,411 sq km Greater Tendrara and 8,873 sq km Anoual exploration permits, and a 75% operated interest in the 4,712 sq km Sidi Moktar onshore exploration permit in the Essaouira Basin targeting sub-salt Triassic and Palaeozoic plays. The company targets Moroccan industrial and power generation markets amid rising natural gas demand, with 11.9 Tcf net unrisked GIIP exploration potential and a strong emphasis on ESG standards. Recent developments include the 2024 partial divestment reducing its Tendrara stake to 20% with operatorship transferred to Mana Energy, completion of the sale of SEME assets in December 2024, a binding farm-out to Managem SA securing funding for two exploration wells (SBK-1 retest at Grand Tendrara and M5 at Anoual), conversion of the Italfluid mLNG contract to EPC with Attijariwafa Bank financing targeting first gas in Q4 2025, entry into a £1.5 million bridge facility in 2025, appointment of Majid Shafiq as CEO in October 2025, June 2025 joint ventures for solar energy production and natural hydrogen/helium exploration via HyMaroc Ltd, director changes including COO resignation to Managem and new CFO Andy Matharu, and a new website launch in March 2025.
Company News
Sound Energy plc (SNEGF) Discusses Balance Sheet Challenges and Rationale Behind Recent Transaction Transcript
Sound Energy shares fall 33% as company exits Morocco
Sound Energy shares fall 33% as company exits Morocco
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Avangrid and Puget Sound Energy Sign Contract for Washington Energy Project
Sound Energy shares drop on new equity raise and new timeline at Tendrara
Sound Energy shares drop on new equity raise and new timeline at Tendrara