Sound Energy plc
SNEGF
Other OTC0.03
USD
- -
- -
ISIN
GB00BVP8H932
Return %
Stock
S&P500
1Y
-98.88
19.01
3Y
-99.45
65.49
5Y
-99.39
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
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.- 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.
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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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