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.
Talk to the deal team
Managing DirectorLondon, United Kingdom
Oaklins Smith & Williamson
SCAME PARRE has acquired Magnum Cap
SCAME PARRE S.p.A. has completed the acquisition of 85% of Magnum Cap – Electrical Power Solutions, Lda. This transaction enables SCAME to consolidate its e-mobility business with the acquisition of a pioneer in developing electric vehicle chargers. With the increasing number of electric vehicles, charging systems are experiencing fast growth globally.Learn more
Watium has been acquired by Grupo Visalia
The shareholders of Watium S.L. have sold the company to Grupo Visalia.Learn more
Jersey Oil & Gas has completed a private placement of new shares
Jersey Oil & Gas Plc has raised funds to support a new development project.Learn more