Best AIM Company 2016

RNS Number : 6401M
Sound Energy PLC
01 August 2017
 

 

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:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: +44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer 

 

[email protected]

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: +44 (0)20 7131 4000

RBC Capital Markets - Broker

Matthew Coakes

Martin Copeland

Laura White

 

Tel: +44 (0)20 7653 4000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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