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An update from Sound Energy ( (GB:SOU) ) is now available.
Sound Energy PLC announced the commencement of initial commissioning activities for the TE-5 Horst development project at the Tendrara Production Concession, marking the entry of first gas into the gas gathering system. This development, in collaboration with Mana Energy Ltd and Italfluid Geoenergy S.r.l., aims to supply LNG to Moroccan industrial consumers under a ten-year agreement with Afriquia Gaz. The project is expected to generate revenue from late Q1 or Q2 2026, positioning Sound Energy as a revenue-generating entity and advancing its role in Morocco’s energy transition.
More about Sound Energy
Sound Energy is a transition energy company listed on the UK AIM market, focusing on onshore gas exploration, development, and production in Morocco, with initiatives in renewable power generation. The company is pivotal in Morocco’s energy transition, moving from imported coal and hydrocarbons to sustainable local energy sources. It holds a 25-year development concession at Tendrara, with a micro-LNG project underway and a larger Phase 2 piped gas project pending. Sound Energy is also exploring renewable power and hydrogen opportunities, leveraging partnerships with Moroccan companies.
Average Trading Volume: 2,883,473
Technical Sentiment Signal: Buy
Current Market Cap: £18.21M
For detailed information about SOU stock, go to TipRanks’ Stock Analysis page.