Sound Energy is an African focused upstream Company, listed on AIM (LSE:SOU), with a supportive investor base, a strategic partnership with Schlumberger and a balanced and evolving portfolio.
The Company are growing counter-cyclically, delivering value through the drill bit with a potential multi Tcf discovery at Tendrara (Eastern Morocco) and have a bold growth agenda with Sidi Moktar (Morocco).
In September 3017, Sound Energy completed the acquisition of the interests of Oil & Gas Investment Fund S.A. ("OGIF") in Eastern Morocco following receipt of final approvals in relation to the Anoual and Tendrara licence areas.
As a result, the Company now holds:
- An operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the Company, in the Tendrara petroleum agreement; and
- An operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the Company, in the Anoual petroleum agreement (formely the Meridja reconnaissance area); and
- An operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the Company, in the Mararka reconnaissance exploration licence (covering the previously relinquished Tendrara acreage).
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