Eastern Morocco: Licence Award

RNS Number : 9660M

Sound Energy PLC

03 August 2017

 

3 August 2017

Sound Energy plc

("Sound Energy" or the "Company")

Eastern Morocco: Licence Award

Sound Energy, the African and European focused upstream gas company, is pleased to confirm final approval of the Matarka licence in Eastern Morocco.

Further to the announcement on 21 July 2017, the Company has now received final approval for the Matarka Licence, which has been granted with an effective date of 27 July 2017. This approval fulfils one of the conditions required to complete the Company's acquisition of the interests of Oil & Gas Investment Fund S.A.S ("OGIF") in Eastern Morocco. The Company expects to receive the remaining approvals in relation to the Anoual and Tendrara licence areas (as also detailed in the announcement dated 21 July 2017) by the end of Q3 2017. 

Further announcements will be made, as appropriate, in due course.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper	Tel: [phone]
Sound Energy James Parsons, Chief Executive Officer	[e-mail]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes	Tel: [phone]
RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White	Tel: [phone]

 

END

 

 

MSCDGGDISBGBGRD