Sound Energy PLC - Eastern Morocco Portfolio Update
Eastern Morocco Portfolio Update
EIA of the TGEP:
The Company is pleased to announce receipt of EIA approval from the
EIA of the gas treatment plant and compression station:
The Company advises that the EIA process related to CPF is progressing well. The initial meeting of the National Committee from the
Tendrara Gas Export Pipeline corridor rights:
The Company advises that ongoing discussions with the representatives of the
Tendrara Gas Sales Agreement MOU:
The Company confirms that GSA negotiations continue and, as indicated in the announcement made on
The Company continues to work on a Build-Own-Operate-Transfer funding solution for the infrastructure at the Tendrara Concession in parallel with progressing the previously announced proposed sale of a substantial stake in the Company's Eastern Morocco Portfolio.
The Company believes that the developments cited above are important milestones in the process of developing and commercialising the Tendara Concession and as the Company progresses towards the Final Investment Decision (when binding development capital commitments are to be made) for the concession.
Further announcements with respect to matters above will be made in due course, as appropriate.
For further information please contact:
Tel: 44 (0)20 7390 0230
Cenkos Securities - Nominated Adviser
Tel: 44 (0)20 7397 8900
RBC - Joint Broker
Tel: 44 (0)20 7653 4000
Tel: 44 (0)20 3031 2000
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
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