LSE:SOU
AIM All-Share
Sound Energy PLC
Oil, Gas and Coal
1.88p -0.32p -14.55% (as of close on 29/5/26)
| Market cap (m) | £4.3 |
| Enterprise value (m) | £45.4 |
Sound Energy PLC is the holding company for a group of energy-focused companies, whose principal activities are currently the exploration, appraisal, and development of gas assets. The group's current principal area of activity is in Morocco, and the company is focused on achieving its first production from an onshore discovery. The group categorizes its operations into three business segments: corporate, exploration and appraisal, and development and production.
Last Updated: 26/05/2026
Sound Energy agreed to sell its 20% Tendrara interest to Managem via the sale of Sound Energy Merijada, expecting USD57m proceeds. A subsidiary will relinquish its 27.5% Anoual interest and waive rights in Grand Tendrara. Proceeds are earmarked to redeem EUR28.8m 5.0% senior secured notes due December 2027, subject to shareholder and Moroccan approvals. The 2025 loss attributable to the assets sold was estimated at USD1.0m.
First gas from Tendrara is anticipated in Q3 2026; the Phase II FID remains under evaluation by joint venture partners. The company reported a 2025 pretax loss of GBP22.3m, no revenue, and GBP12.8m of impairments. If the sale completes on July 31, it expects to be debt free with USD11m cash.
