Sound Energy

SOU · AIM · Energy · mcap £3.0m · 1.4p 1 open situation →

EV: £43.4m
EV / EBIT: –
Net debt: £40.3m
FCF yield: -102.4%
Revenue: –
Share price 1y: −77%
Insiders 12m: bought £12k
Next report: around 21 May

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2026 Sidi Moktar licence and ONHYM claim 1 director buying Sale of Tendrara interest

Open · 1

Legal & regulatory

Sidi Moktar licence and ONHYM claim

Unresolved; farm-out sought, spend fully impaired

Sidi Moktar impairment booked and the permit's initial period was due to expire in April 2026; ONHYM claimed $1.5m under the guarantee (22 May 2026). The half-year report (17 Sep 2026) says the farm-out and ONHYM talks on term and work programme continue, with all spend still impaired.

Status: Initial period was proposed to expire April 2026; renewal, extension or work-programme change sought from ONHYM 17 Sep 2026 ↗
ONHYM claim: Claim for non-fulfilment of minimum work programme; company says it has accrued what it considers contractually owed 17 Sep 2026 ↗
Accounting: Expenditure on the permit continues to be fully impaired pending resolution 17 Sep 2026 ↗
Farm-out: Process to find a technical partner continued in first half of 2026 17 Sep 2026 ↗

Next: Resolve ONHYM talks on permit term and work programme

17 Sep 2026 Unresolved; farm-out sought, spend fully impaired
22 May 2026 Impairment booked; permit expires April 2026

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Closed · 2

Insider conviction1 director buying £12k in 1 buy · 24 Jun 2026 – 22 Sep 2026 −22% Disposal of a part (break-up)Sale of Tendrara interest Completed 4 August 2026 · 8 Dec 2025 – 4 Aug 2026

Company filings. Not investment advice.