REG - Sound Energy PLC - JV for Hydrogen

Sound EnergyAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ0671Na&default-theme=true

RNS Number : 0671N  Sound Energy PLC  17 June 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation ("MAR")
(EU) No. 596/2014, as incorporated into UK law by the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

17 June 2025

Sound Energy plc

 

("Sound Energy", the "Company" and together with its subsidiary undertakings
the "Group")

 

Hydrogen and Helium Exploration Update

 

Sound Energy, the transition energy company, is pleased to announce completion
of the regional screening study for natural hydrogen and helium undertaken in
collaboration with Getech Group Plc ("Getech"), a global leader in locating
essential energy and mineral resources crucial for the energy transition.

 

On 28 October 2024 the Company announced entry into an Exploration
Collaboration Agreement (the "Agreement") with Getech.  Pursuant to the
Agreement, the parties will collaborate to seek to explore for naturally
occurring hydrogen and helium in Morocco. The initial phase of the Agreement
comprised a regional screening study to identify areas of potential interest
for more detailed assessment by the parties.

 

The Company is pleased to announce that the regional screening study has been
completed and has identified areas of significant prospective potential for
natural hydrogen and helium occurrence sufficient to warrant further study.
The Company and Getech intend, under the terms of the Agreement, to form a
Joint Venture and negotiate jointly exclusive rights for the exploration and
exploitation of hydrogen and helium resources in Morocco, progressing towards
necessary geophysical and drilling activities to unlock potential deposits.

 

John Argent, VP Geoscience of Sound Energy, commented:

 

"We are pleased with the outcome of the regional screening study, which
applied Getech's proprietary geologically genetic workflows to identify and
de-risk areas with potential for hydrogen and helium across the whole of
Morocco. The study has yielded several high-potential targets that will now be
the focus of our next phase of evaluation to refine a more targeted
exploration programme. As we deepen our collaboration with Getech, we will
continue to leverage our local partnerships and operational expertise to
unlock value. We see this as a strong validation of our joint approach and a
meaningful step forward in our strategy to establish a leading position in the
emerging natural hydrogen and helium sector."

 

Further announcements will be made, as appropriate, in due course.

 

For further information visit www.soundenergyplc.com follow on X
@soundenergyplc, LinkedIn, or contact:

 

 Sound Energy                                                               chairman@soundenergyplc.com (mailto:chairman@soundenergyplc.com)

 Graham Lyon, Executive Chairman

 Flagstaff Strategic and Investor Communications                            Tel: 44 (0)20 129 1474

 Tim Thompson                                                               sound@flagstaffcomms.com

 Mark Edwards

 Alison Allfrey
 Zeus - Nominated Adviser and Broker                                        Tel: 44 (0)20 3829 5000

 James Joyce, Alex Campbell-Harris, Gabriella Zwarts (Investment Banking)

 Simon Johnson (Corporate Broking)

 

Background

Morocco is emerging as a highly prospective market for natural hydrogen
exploration, thanks to its favourable geological conditions and strategic
location. The country's extensive onshore basins, rich in subsurface
resources, are prime candidates for natural hydrogen discoveries. Morocco's
commitment to renewable energy and its supportive regulatory framework further
enhances its role as a key player in the global energy transition.

 

Natural (sometimes also referred to as "geologic", "white", "gold" or
"native") hydrogen has the potential as a future disruptor in the energy
markets, undercutting green and other low-carbon hydrogen energy sources,
produced without CO2 emissions, at an estimated cost of around $1 per
kilogram. Getech's workflows build on the understanding of genetic factors
involved in developing a natural hydrogen system; categorising these into
sources, migration paths, reservoirs, traps and seals in much the same way as
the petroleum industry has successfully done for many decades.

 

Helium, crucial across sectors such as medical, electronics, aerospace,
nuclear and telecommunications where it is used in superconducting magnets and
cryogenics, is considered a "critical raw material" by the USA, EU, and Canada
due to its irreplaceable nature. Helium and natural hydrogen are often found
in the same reservoirs, significantly boosting the economic potential of such
discoveries.

 

About Getech

Getech is a leading locator of subsurface resources essential for the world's
energy security and sustainable transition. The Company combines unique
geoscience expertise, AI-driven analytics, and extensive geospatial insight to
identify new energy and mineral resources and streamline exploration
processes. Serving clients across corporates, governments and regulators in a
wide range of industries, Getech is committed to enabling energy and mineral
security while supporting a shift towards low carbon sources.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDPKABQABKDFAD