Sound Energy has Tendara licence offshore in Morocco.The licence covers eight blocks across a total of 14,500 square 0.89% kilometres. Once that the psychological threshold is ovecome, the stock still have room to run higher.
At the end of September we gonna have further news about the second drill.
Considering we had a fantastic first one with gas quality and quantity above expectations, there is still a lot to squize out. The stock is a valid alternative investement in the OIL/GAS market, without being directly correlated to it, plus a possible gain on GBP.
Rumors on licence, gas quality and possible buyer set the next stop to 130/150 before the end of the year.
Soon some meat will be served: who is hungry?
Comment:
An other good entry with a low pound!