1 August 2017
Sound Energy plc
("Sound Energy" or the Company")
Eastern Morocco: Pipeline Route
Sound Energy, the European and African focused upstream gas company, is pleased to announce that it has received written confirmation, from the Wilaya of the L'Oriental Region in Morocco (a local authority in Eastern Morocco), that preliminary approval has been provided for the proposed route of the gas export pipeline that will be necessary to transit gas from Sound Energy's Eastern Moroccan interests to the Gazoduc Maghreb Europe (GME) pipeline. This preliminary approval, which will now be followed up by engineering and commercial activities necessary to support final authorisation, is another step in the development of the infrastructure required to support the early monetization of gas from the TE-5 Horst discovery at Tendrara.
Commenting, James Parsons, Sound Energy CEO, said:
"I am delighted to have received this confirmation, which supports the significant progress we have made in developing our Moroccan portfolio to date. The approval is also further evidence of the relationships that Sound Energy has built in country since entering in 2015, and the mutual co-operation that exists with local, regional and governmental authorities."
For further information please contact:
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Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Alexandra Roper |
Tel: +44 (0)20 7830 9700 |
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Sound Energy James Parsons, Chief Executive Officer |
j.parsons@soundenergyplc.com |
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Smith & Williamson - Nominated Adviser Azhic Basirov David Jones Ben Jeynes |
Tel: +44 (0)20 7131 4000 |
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RBC Capital Markets - Broker Matthew Coakes Martin Copeland Laura White |
Tel: +44 (0)20 7653 4000 |
This information is provided by RNS