Sound Energy (GB:SOU) has released an update.
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Sound Energy PLC has reported notable progress in its Tendrara Production Concession during the first half of 2024, including a partial divestment to Managem SA and advancements in its Phase 1 Micro LNG project, with LNG production expected in 2025. The company has secured a bridge financing facility and is working closely with Managem to ensure a smooth transition of operations. Sound Energy is also progressing towards a final investment decision for its Phase 2 pipeline development with financial backing from Attijariwafa Bank.
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