London-listed Sound Energy climbs on securing financing for Morocco gas project
28/06/2023 08:54
** Shares of Sound Energy Plc SOU.L rise as much as 27.9%
to 1.795p, stock among top pct gainers across London shares
** The low-carbon-focused energy firm gets financing of up
to $237 mln from Moroccan lender Attijariwafa Bank for Tendrara
Production Concession field development in the African nation
** Co says 12-year loan term includes a two-year grace
period from first drawdown
** SP Angel analysts say "end game is in sight" as
indicative terms are on table for equity and debt financing
needed to develop gas project
** Stock set to post best day since Jan. 4, if trend holds
** SOU currently up 6.4%, taking YTD gains to about 71%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))