Awarded Best AIM Company 2016

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Our Strategy

Sound Energy plc is a growth focused and private investor centric Moroccan gas explorer.

We are listed on AIM and benefit from:

  • a low cost, multi Tcf potential onshore gas discovery
  • a strategic partnership with Schlumberger - one of the largest companies in our sector
  • two supportive cornerstone investors
  • a potentially transformational drill programme, and
  • a strong retail shareholder base

We are pursuing an onshore gas strategy underpinned by strong gas market fundamentals, which is proving very robust to the current oil price environment and to an increasingly carbon-conscious world. Gas is, rightly, seen as a cleaner alternative to coal and oil.

The energy sector is in a period of some transition, with oil prices having fallen significantly since 2014, which has put considerable strain on the global oil & gas industry. We observe a “new order” emerging, with the market increasingly rewarding companies with low debt levels, strong management, cash on the balance sheet and a bias for gas.

Despite the challenging sector backdrop, Sound Energy is positioned in a sweet spot – analogous to being in the peaceful eye of a violent storm – with an opportunity to grow boldly and counter-cyclically whilst valuations are low and competition is limited.

We are focused on unlocking the Moroccan gas promise, which includes:

  • Proving further volumes with three bold exploration wells in Eastern Morocco (starting early 2018), each with multi Tcf potential
  • De-risking of it’s 31 Tcf exploration potential in Eastern Morocco and up to 9 Tcf in Sidi Moktar through shooting new seismic and aerial gradiometry
  •  Development of it’s existing 0.6 Tcf gas discovery (with first gas targetted for end 2019 / early 2020)
  • Consolidating our onshore gas position in Morocco

We are also merging our Italian portfolio with those of Saffron Energy plc and Po Valley Limited, to create an enlarged and advantaged Italy E&P which we will re-brand Coro Energy plc.   Sound’s shareholders will all receive directly an equity position in this new business, again demonstrating our commitment to private investors.

So, in summary, Sound Energy is a focused on “shaping moves” and working to deliver a substantial gas company.

 

James Parsons 
Chief Executive Officer
October 2017