Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Most oil and gas plays are licking their wounds from persistent energy price falls and continued gloom in many quarters about the present outlook. However, Mediterranean-focused Sound Energy (SOU), with gas interests in Italy and Morocco, is drawing comfort from a field agreement it has newly struck with Schlumberger, the multi-billion US oil and gas services giant, to develop the Tendrara onshore gas licence in north-east Morocco, where Sound is the operator.
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