Technology
Immedia Group plc
Analysts
Company Description
Sound has evolved into being a onshore Moroccan E & P company with a focus on gas; the gas market in Morocco is attractive in terms of both gas pricing and fiscal regime. The drilling programme is targeting significant prospects that have the potential of providing a step-change in the group's reserves and resources.
Investment Summary
Sound Energy is a Moroccan E & P company. The company has three onshore exploration licences in the country. Activity is currently focused on the Tendrara licence in the east of the country, where Sound is the operator with a 47.5% working interest. This acreage already boosts a 377 BCF gas discovery that is being moved ahead for development. Sound is also in the middle of an exploration programme that is targeting different play types with the intention of looking at the running room in this acreage. Overall the company has prospects with potential gross unrisked recoverable gas reserves and resources of approximately 10 TCF of gas. The other licences are being evaluated with the intention of drilling in subsequent years.
Recent Content
Gaining momentum ……..
22/05/2019 Immedia Group plc
Immedia has delivered, in line with our previous forecasts, a significant improvement in its full year results, bringing […]
Major Service Contract Extension
09/11/2018 Immedia Group plc
Immedia Group has announced that it has formally signed a three-year contract for the delivery of live music […]
1H18 results
28/09/2018 Immedia Group plc
Immedia released 1H18 results delivering a strong performance against 1H17. The Group generated revenue of £2.0m versus our […]
Final terms signed for major UK Financial Institution contract
02/08/2018 Immedia Group plc
Immedia PLC has announced that it has signed final terms for the delivery of live music and audio […]
Time to Engage
19/04/2018 Immedia Group plc
Over the past 18 months Immedia Group has acquired and successfully integrated AVC Media, strengthened the Board, appointed […]