Sound Energy Marks Key Milestones at Morocco’s Tendrara Gas Project and Secures Anoual Permit Extension

Sound Energy ( (GB:SOU) ) has shared an update.

Sound Energy has reported further operational progress at its Tendrara Phase I gas development in eastern Morocco, with operator Mana Energy successfully flowing both TE-6 and TE-7 wells and fully testing their associated sections of the gas gathering system, marking completion of a key part of the surface facilities. The company is also preparing to commission nine on-site power generation engines, including seven gas-fired units that will soon be run on Tendrara gas to cut diesel use, lower operating costs and reduce Scope 1 emissions, while it continues to assess bridging finance options ahead of first gas. In exploration, the Moroccan authorities have approved an extension of the Anoual Exploration Permits’ complementary period to September 2028, with a firm commitment to drill the M5 exploration well targeting Triassic reservoirs and an option for additional 3D seismic and drilling, reinforcing Sound Energy’s long-term position in a highly prospective area where its cost exposure to M5 is capped at US$2.57 million.

The most recent analyst rating on (GB:SOU) stock is a Hold with a £0.91 price target. To see the full list of analyst forecasts on Sound Energy stock, see the GB:SOU Stock Forecast page.

Spark’s Take on GB:SOU Stock

According to Spark, TipRanks’ AI Analyst, GB:SOU is a Neutral.

The score is held back primarily by weak financial performance (large recent losses, rising leverage, and persistent negative cash flow). Technicals are moderately supportive with price above key moving averages and positive MACD. Earnings-call guidance provides some upside from near-term production and contracted sales, but debt and project delays remain meaningful risks, while valuation is constrained by negative earnings and no dividend support.

To see Spark’s full report on GB:SOU stock, click here.

More about Sound Energy

Sound Energy PLC is a UK AIM-listed transition energy company focused on onshore gas exploration, development and production in Morocco, alongside renewable power generation initiatives. The company operates around the Tendrara gas field, where it holds a 25-year development concession with a micro-LNG project under way and a larger Phase 2 piped gas scheme awaiting final investment decision, targeting Morocco’s industrial and power markets across a 28,000 sq km onshore permit portfolio.

Average Trading Volume: 2,945,537

Technical Sentiment Signal: Buy

Current Market Cap: £19.77M

See more data about SOU stock on TipRanks’ Stock Analysis page.