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Sound Energy ( (GB:SOU) ) has provided an announcement.
Sound Energy has announced its half-yearly report, highlighting significant progress in its Moroccan Tendrara Production Concession. The company has transitioned its Phase 1 Micro LNG project to a traditional EPC contract, supported by a $25 million debt facility, with first gas expected by the end of 2025. Additionally, Sound Energy is expanding its portfolio with the formation of HyMaroc Ltd to explore natural hydrogen and helium, and a joint venture to produce renewable energy. These developments position Sound Energy as a key player in Morocco’s energy transition, with implications for increased revenue generation and diversification of its energy portfolio.
More about Sound Energy
Sound Energy is a transition energy company focused on the development of the Tendrara Production Concession in Morocco. The company is involved in the production of gas and the exploration of natural hydrogen and helium, with a market focus on supporting Morocco’s energy transition and growth.
Average Trading Volume: 2,280,682
Technical Sentiment Signal: Strong Sell
Current Market Cap: £14.56M
Learn more about SOU stock on TipRanks’ Stock Analysis page.