Go to deals
Energy

Sound Energy's Italian portfolio has disposed of its portfolio of upstream Italian oil and gas interests

Sound Energy plc has disposed of its portfolio of upstream Italian oil and gas interests and permits to Saffron Energy plc. The share-based consideration for the disposal, which has a market value of US$11.5 million, is intended to be distributed directly to Sound Energy shareholding pro rata to their holdings in Sound Energy.

Sound Energy is a north African-focused upstream gas company listed on the AIM Market of the London Stock Exchange. The company holds significant onshore gas exploration acreage in eastern Morocco, across the Tendrara, Sidi Moktar and Meridja permits.

Saffron Energy engages in the exploration and production of natural gas in northern Italy. The company has operations in Sillaro, Bezzecca, and Sant'Alberto. Its licenses cover an area of approximately 65.5 square kilometers, combining proved and probable reserves.

Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor to AIM quoted Sound Energy plc in this transaction.

Service
Corporate finance services
Parties

Talk to the deal team

 Brian  Livingston

Brian Livingston

Managing Director

London, United Kingdom
Oaklins Smith & Williamson

Related deals

Iofina secures new debt refinancing
Energy

Iofina secures new debt refinancing

Iofina Plc has refinanced its entire debt by entering into a new loan agreement with First Financial Bank, (NASDAQ: FFBC), a Cincinnati-headquartered US regional bank.

Learn more
Israel Natural Gas Lines has issued bonds worth US$142 million
Energy

Israel Natural Gas Lines has issued bonds worth US$142 million

We advised Israel Natural Gas Lines Ltd. (INGL) has completed a fundraising to refinance and develop the company.

Learn more
Empresa Eléctrica Cochrane SpA has completed an inaugural local bond placement for US$485 million
Energy

Empresa Eléctrica Cochrane SpA has completed an inaugural local bond placement for US$485 million

Empresa Eléctrica Cochrane SpA (Cochrane) has completed a fundraising. Cochrane decided to carry out the refinancing process of the plant’s project finance for a total amount of US$915 million by issuing an international bond (US$430 million) and a syndicated bridge loan (US$445 million) between Chilean investors, that would be exchanged to a local bond (US$485 million) after its registration with the regulator.

Learn more