Sound Oil becomes Sound Energy
- Business & Finance
Sound Oil plc, a Mediterranean-focused upstream gas company, announced on Thursday that the change of its registered name to “Sound Energy plc” has become effective.
The company says that its ordinary shares will continue to trade on AIM under its existing TIDM of “SOU” and ISIN and SEDOL numbers will also remain unchanged.
James Parsons, Chief Executive Officer of the company, said: “The launch of Sound Energy aligns the company’s external branding with its strategy and asset portfolio. Sound Energy is now positioned as a well funded Mediterranean exploration and production company with an institutional cornerstone investor and strong liquidity.”
The company in August announced it would change its registered name, citing increasing gas focus and expectation of first production from its Nervesa onshore field in Italy in 2015. The company had explained that name “Sound Energy plc” was more reflective of the its broadened asset base.