United Kingdom
Sound Energy plc is a London-listed upstream gas company with assets in Morocco. Founded in 2005, the company is fully focused on the energy transition, aiming to provide lower carbon footprint fuels to power the region’s energy shift. The company is listed on the AIM market of the London Stock Exchange and operates in the Energy and Oil and Gas industries.
The company's operations in the Tendrara production concession in Morocco are currently in Phase 1. Sound Energy is in the process of developing a Micro LNG facility to supply gas to Moroccan industry. Moreover, Phase 2 will involve the delivery of gas to the Maghreb-Europe pipeline. The company's exploration portfolio also holds significant potential with multi-Tcf upside.
Natural gas plays a crucial role in Morocco’s de-carbonisation strategy, displacing power generation from coal. With substantial growth plans and increasing energy demand, the country envisions meeting this demand from renewable energies and natural gas. Sound Energy aims to facilitate this transition and has prospects to export gas to Europe via the Maghreb-Europe pipeline once domestic demand has been satisfied.
The company's latest notable investment was a €26.90M post-IPO Equity investment on 29 November 2016.
Sound Energy plc, headquartered in the United Kingdom, presents an exciting opportunity for investors looking to contribute to the energy transition while capitalizing on the potential in the upstream gas market.
