Business
Indonesian Contingent Consideration
Indonesian Contingent Consideration.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1278U Sound Energy PLC 05 April 2016 \n\n5 April 2016\n \nSound Energy plc \n(the \"Company\" or \"Sound Energy\")\n \nReceipt of Indonesian Contingent Consideration\n \nThe Company announces that it has received a US$1.1 million (less 7% transfer tax) cash payment from Ophir Energy plc. This payment was triggered by the achievement of various operational targets on the Bangkanai licence in Indonesia, previously owned by the Company. The Company will announce any further receipts of contingent consideration if and when they are received.\n \n \nFor further information, please contact:\n \nVigo Communications - PR Adviser Tel: +44 (0)20 7830 9700\nPatrick d'Ancona \nChris McMahon \nAlexandra Roper \n \nSound Energy [email protected]\nJames Parsons, Chief Executive Officer \n \nSmith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000\nAzhic Basirov \nDavid Jones \nBen Jeynes \n \nCantor Fitzgerald Europe - Broker Tel: +44 (0)20 7894 8896 \nSarah Wharry ...