Sound Energy PLC - Eastern Morocco Update
Eastern Morocco Update
EIA of the gas treatment plant and compression station (including liquefaction)
The Company is pleased to announce that it has now received the EIA approval from the
Inclusion of gas liquefaction within the CPF EIA approval enables the LNG development planned as Phase 1 of the Concession field development plan, with the TGEP led full field development of the Concession following as Phase 2.
Tendrara Gas Export Pipeline corridor rights
The Company continues to progress the TGEP led full field development of the Concession alongside the LNG production strategy and advises that, following discussions with representatives of
The land access approvals now received relate to land covering 99.9% of the entire length of the 50m wide TGEP corridor and the remaining land approvals required, covering land required for the three principal blacktop roads and five river crossings along the TGEP route, are to be sought at a later date, after Final Investment Decision is taken.
The Company believes that the developments described above are important milestones in the process of developing and commercialising the Concession and as the Company progresses towards the Final Investment Decision (when binding development capital commitments are to be made) for each phase of the Concession field development.
Tendrara Gas Sales Agreement ("GSA") MOU
The Company confirms that GSA negotiations continue but announces that a binding GSA is not expected to be entered into prior to
COVID-19 outbreak and safety measures
The safety of our employees, contractors and stakeholders is paramount and in line with recommendations from both the
The Company also advises that the investor event which had been planned for the end of March/beginning of April will be postponed until further notice.
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
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Cenkos Securities - Nominated Adviser
Tel: 44 (0)20 7397 8900
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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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