Sound Energy has Tendara licence offshore in Morocco.The licence covers eight blocks across a total of 14,500 square kilometres. Tendara looks like a significant gas discovery, with potentially significant exploration upside and the well is above initial expectations. An other consideration about the Sound Energy's potential is Gazprom’s decision to cut prices in the face of potential competition, shows nervousness about the prospect of new gas arriving on market. The stock is a valid alternative investement in the OIL/GAS market, without being directly correlated to it.
I bought at 28 waiting for 43-45 over even more. Additionally we have a interesting currency: GBP. Two birds with one stone!
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