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Sound Energy plc (SNEGF) Discusses Balance Sheet Challenges and Rationale Behind Recent Transaction Transcript

Sound Energy PLC (AIM:SOU, OTC:SNEGF), the transition energy company, has agreed to sell its remaining 20% interest in the Tendrara gas development in...

Sound Energy PLC (AIM:SOU, OTC:SNEGF), the transition energy company, has agreed to sell its remaining 20% interest in the Tendrara gas development in Morocco to Managem, the Casablanca-listed mining group, in a deal that will leave it with $11 million of cash. Shares in Sound Energy fell 33% to 3.13p following the announcement.

Arkle Resources PLC (AIM:ARK) shares moved up, rising 12% to 0.73p, after it told investors it has accelerated drilling at its Erongo uranium project in Namibia after Phase 1 geophysical work defined multiple targets across two mineralisation styles. The AIM-listed explorer said the Eastern EPL 8995 paleochannel target is now drill-ready, with around 1,500 metres of reverse circulation drilling planned from June…

BICKLETON, Wash.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced the signing of a long-term Power Purchase Agreement (PPA) with Puget Sound Energy (PSE) for the Big Horn I project in Klickitat County, Washington. With a nameplate capacity of 199.5 Megawatts (MW), Big Horn I can generate enough electricity for about 70,000 homes annually. This expands the…