Announcement • May 29
Sound Energy plc, Annual General Meeting, Jun 22, 2026 Sound Energy plc, Annual General Meeting, Jun 22, 2026. Location: 20 st dunstans hill, ec3r 8hl, london United Kingdom Announcement • May 16
Sound Energy plc, Annual General Meeting, Jun 17, 2025 Sound Energy plc, Annual General Meeting, Jun 17, 2025. Location: 20 st dunstans hill, ec3r 8hl, london United Kingdom Announcement • Feb 24
Sound Energy plc Announces Resignation of Mohammed Seghiri as Director Sound Energy plc announced that Mohammed Seghiri, the Company's Chief Operating Officer, has resigned as a director of the Company with immediate effect and will leave the full-time employment of the Group by mutual agreement on 31 March 2025. Following the completion of the Group's sale of Sound Energy Morocco East Limited to Managem SA (‘Managem’), Mr. Seghiri will be taking up full time employment with Managem - in doing so supporting the uninterrupted transition of the operatorship of the Tendrara Production Concession. Announcement • Dec 12
Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU). Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million on June 14, 2024. SPA consideration payable to and on behalf of the Group includes $12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion; $1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion; Up to $24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development. oContingent consideration of $1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.; $3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1; and $2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5. Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets, 55.0% of the Concession (Sound Energy to retain 20% interest), 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest), and 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest). Ben Jeynes and Peter Lynch of Cavendish Capital Markets acted as nominated adviser, Jon Fitzpatrick, Paul Weidman and Doug Rycroft of Gneiss Energy Limited acted as Financial Adviser and Mohammed Benslimane, and Reda Benjelloun of Advisory & Finance Group Investment Bank acted as M&A advisor to Sound Energy. The transaction remains conditional upon approvals by ONHYM and the Moroccan Minister of Energy of the Company continuing as the Operator of record of the Tendrara Exploitation Concession, and the Anoual and Grand Tendrara Exploration Permits where required, approval of ONEE of the change of control of the Company pursuant to the ONEE GSA, approval of Managem's board of directors of the Transaction, removal of Sound Energy Morocco SARL AU as dormant subsidiary of SEME and receipt of Moroccan Competition Council's authorisation. As of October 21, 2024, minister of Energy Transition & Sustainable Development approved the deal.
Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) on December 11, 2024. Announcement • Sep 02
Sound Energy plc Announces Completion of Work over Operations Sound Energy plc confirmed, further to the company's announcement of 15 August 2024, the release and demobilization of the Star Valley Rig 101 to the Tendrara Production Concession having fully completed the work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro-LNG plant currently under construction at site. The works were completed safely with no recordable incidents. The company has successfully replaced the tubing head spool and ran new corrosion resistant completion tubing into TE-7. The rig will be stacked at the TE-7 site, at no on-going cost to the company. Announcement • Aug 15
Sound Energy Announces Operations Update Sound Energy announced, further to the Company's announcement of 25 June 2024, that the planned work over operations on the gas well TE-7 in preparation for long term gas production into the micro-LNG plant currently under construction at site have resumed following the arrival of additional wellhead equipment. The operation to run new completion tubing into TE-7, will utilize the Star Valley Rig 101 currently located on the Tendrara Production Concession. The rig had been stacked on site at no additional cost to the Group awaiting the arrival of the additional wellhead equipment. In June 2024, the Company successfully pulled the existing completion tubing in both TE-6 and TE-7 and ran new corrosion resistant completion tubing into TE-6 and installed the Production Christmas Tree. Following importation of the additional well surface equipment a similar operation at TE-7 will now proceed. The Company thanks the dedication and professionalism of our contractors and suppliers, and the Office National des Hydrocarbures et des Mines for their ongoing partnership and support. Announcement • Jun 25
Sound Energy plc Announces Demobilisation of Rig for Work over Operations Sound Energy plc announced the release and demobilisation of the Star Valley Rig 101 having conducted planned work over operations on the gas wells TE-6 and TE-7 in preparation for long term gas production into the micro LNG plant currently under construction at site by Italfluid Geoenergy S.r.l. The works were completed safely with no recordable incidents. The Company thanks the dedication and professionalism of their contractors and suppliers, and the Office National des Hydrocarbures et des Mines ("ONHYM") for their ongoing partnership and support. The Company has successfully pulled the existing completion tubing in both TE-6 and TE-7 and run new corrosion resistant completion tubing into TE-6 which is now available to supply gas to commission the micro LNG plant which construction is anticipated to be completed later this year. The rig is currently stacked at the TE-7 site, at no on-going cost to the Company, whilst the Company awaits additional wellhead equipment to complete the running of the new completion tubing into TE-7. Further announcements will be made, as appropriate, in due course. Announcement • May 16
Sound Energy plc, Annual General Meeting, Jun 13, 2024 Sound Energy plc, Annual General Meeting, Jun 13, 2024. Location: 20 st dunstans hill, ec3r 8hl, london United Kingdom Announcement • Apr 30
Sound Energy plc Provides Exploration Permit Update Sound Energy plc provided by the Company on 22 December 2022 and to continued constructive discussions with Morocco's L'Office National des Hydrocarbures et des Mines ("ONHYM"), to provide a further update regarding amendments to its exploration permits at Anoual (the "Amendments"), and entry into the optional Complementary Period under the exploration permits at Anoual. The Anoual exploration permits cover 8,873 square kilometres in Eastern Morocco (the "Anoual Exploration Permits"). The Amendments and entry into the Complementary Period remain subject to Moroccan Energy and Finance Ministerial approval. Anoual Exploration Permits: The Company also reported that ONHYM has now agreed on a 18-month extension to the initial period of the Anoual Exploration Permits to 8 July 2024. Subject to Ministerial approval, the length of the Anoual Initial Period will now be 6 years and 10 months, commencing on or about 8 September 2017 and ending on or about 7 July 2024. The work programme commitments for the Initial Period, details of which are provided below, will also be amended. In addition, subject to Ministerial approval, to the extension to the Initial Period, ONHYM has also approved the merging of the optional First Complementary and the Second Complementary Periods under the Anoual Exploration Permits into a single Complementary Period consisting of 3 years and 8 months to or about 7 March 2028 (the "Anoual Complementary Period"). As a result, the Anoual Exploration Permits now have a total duration of 10 years and 6 months and the remaining work commitments under the Anoual Exploration Permits, as revised, will be as follows: Initial Period of 6 years and 10 months from or about 8 September 2017: The acquisition of FTG-aerogradiometry and 600 kilometres of 2D seismic. This requirement has historically been fulfilled by the Company. Geological and Geophysical Studies. This requirement has historically been fulfilled by the Company. The Company has therefore fully satisfied the work commitments under the Initial Period of the Anoual Exploration Permits and the Company confirms it has submitted an application to enter the Anoual Complementary Period commencing on or about 7 July 2024. The work commitment under the Anoual Complementary Period, of a further 3 years and 8 months to conclude on or about 7 March 2028 will require: a firm commitment to the drilling of one exploration well with a Triassic objective and the option, at the discretion of the Company, as the operator of the Anoual Exploration Permits, of the acquisition of 150 square kilometres of 3D seismic if the firm commitment exploration well is positive and drilling of one further exploration well with a Triassic objective. The Company plans to fulfil the firm commitment for the Anoual Complementary Period with the drilling of the M5 exploration well detailed in the Company's announcement of 9 August 2022. Announcement • Jun 27
Sound Energy plc Announces Appointment of Simon Ashby-Rudd as Independent Non-Executive Director Sound Energy plc announced the appointment of Mr. Simon Ashby-Rudd to the Board as Independent Non-Executive Director. Simon is an international energy banking specialist with more than 35 years of experience spanning the globe. His career includes 30 years in investment banking roles with both large financial institutions including Dresdner Kleinwort Benson, Citigroup and finally Standard Bank where he was head of oil, gas and renewables, and specialist energy advisory boutiques including Waterous & Co and Tristone Capital. Mr. Ashby-Rudd's career has focused on corporate strategy and capital structuring, incorporating a broad range of Equity, Debt and M&A experience. In 2020 Mr. Ashby-Rudd established Treyford Energy Limited which provides independent advice to growth orientated energy companies both in the traditional hydrocarbon space and increasingly in the emerging energy transition sector. Simon holds a B.Sc. in Economics from University College London. Simon will join the Audit and Remuneration and Nominations committees of the Board. Announcement • Jun 14
Sound Energy plc announced that it expects to receive £4 million in funding Sound Energy plc announced a private placement of £4 million senior unsecured convertible loan notes and 33,333,333 warrants on June 12, 2023. The transaction will include participation from an institutional investor. The maturity date of the convertible notes is five years from draw down date which is December 13, 2028, with interest of 15% and a fixed conversion price of £0.00225 per ordinary share. The investor shall have two trading days to elect to convert some or all of outstanding amounts or accept the early redemption. In the event of default, convertible notes will be redeemable immediately at 120% of par value of outstanding convertible notes plus accrued interest. The company will issue 33,333,333 warrants to subscribe for new ordinary shares in the company at an exercise price of £0.00225 per ordinary share with a term of three years.
On the same date the company received £2.5 million senior unsecured convertible loan notes in it's first tranche closing. The second tranche of the convertible notes comprises a further £1.5 million, which can be drawn on 13 December 2023 (being six months from the first tranche draw down) and can be drawn sooner if mutually agreed by the company and the Investor. when the second tranche is drawn down, additional warrants over such number of new ordinary shares as represents 30% of the par value of tranche 2 convertible notes drawn down, with an exercise price at the conversion price of the tranche 2 convertible notes and a term of three years. Announcement • May 27
Sound Energy plc Announces Directorate Change Sound Energy, plc announced that after almost 9 years as an active Non-Executive Director and former Acting Chairman of the Company Mr. Marco Fumagalli intends to announce his resignation from the board immediately after the conclusion of the company Annual General Meeting on 13th June 2023 in order that he may pursue other business opportunities. The Company intends to replace Marco with an independent NED in due course. Announcement • May 14
Sound Energy plc, Annual General Meeting, Jun 13, 2023 Sound Energy plc, Annual General Meeting, Jun 13, 2023, at 11:00 Coordinated Universal Time. Location: 20 St Dunstan's Hill London United Kingdom Agenda: To receive the audited annual accounts of the Company for the year ended 31 December 2022 together with the Director's report, the Strategic report and the Auditor's report on those annual accounts; to consider the Crowe UK LLP be re-appointed as the Auditor of the Company, to hold office from the conclusion of this AGM to the conclusion of the next general meeting at which accounts are laid before the Company; and to consider any other matters.