Sound Energy Plc receives a number of non-binding offers for its Eastern Morocco Portfolio

  • Nov 06, 2019 GMT
  • Team Kalkine
  • Sound Energy Plc (SOU) has released an update on the ongoing marketing process in respect of its Eastern Morocco portfolio.
  • The company had commenced the marketing of the Eastern Morocco Portfolio after the Board’s decision to explore monetisation options for the Company's interests in the Tendrara Production.
  • The company has entered into non-disclosure agreements with 23 companies and hosted around 15 management presentations because of which it received several non-binding offers for its Eastern Morocco Portfolio.
  • On 6th November 2019, at the time of writing, GMT 08:02 AM, SOU shares were trading at GBX 7.50, up by 0.65 points or 9.49 per cent against the previous day closing price.

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