Sound Energy Reports 2024 Results and Strategic Progress in Moroccan Projects

An announcement from Sound Energy ( (GB:SOU) ) is now available.

Sound Energy PLC has announced its audited final results for the year ending December 31, 2024, highlighting significant progress in its Moroccan Tendrara Production Concession. The company has completed a partial divestment of its subsidiary to Managem SA, which will provide substantial funding and operational support for its micro LNG and pipeline projects. This transaction is expected to enhance the company’s financial position and enable further growth opportunities. The company is also advancing its exploration licenses and has established a joint study program with Getech to evaluate natural hydrogen and helium potential in Morocco. Sound Energy is committed to maintaining strong ESG practices and engaging with local communities.

More about Sound Energy

Sound Energy PLC is a transition energy company focused on the development and exploration of energy resources, primarily in Morocco. The company is involved in projects such as the Moroccan Tendrara Production Concession, with a focus on micro LNG and pipeline gas development, as well as exploration licenses in the region.

YTD Price Performance: -36.27%

Average Trading Volume: 2,320,155

Technical Sentiment Signal: Strong Buy

Current Market Cap: £13.52M

Find detailed analytics on SOU stock on TipRanks’ Stock Analysis page.