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Meridja

License Details:

Area 9,000 km2
Status Reconnaissance
Effective Date TBC
Reconnaissance Permit expiry 01-Aug-16
Opportunity Meridja
NPV Subject to CPR
Prospective Resources Subject to CPR

Interests:

Sound Energy Option to acquire a 55% interest in the exploration permit

Permit Area

Sound has secured an option to acquire a 55% interest in the Meridja permit, located next to its Tendrara license.

The Meridja reconnaissance permit is currently held 75% by Oil & Gas Investment Fund S.A.S (“OGIF”) and 25% by Office National des Hydrocarbures et des Mines (“ONHYM”).

Both Meridja and Tendrara have a pericratonic position and are located between three geologic domains: the inverted High Atlas, the Folded Hercynian Basement and the Non Deformed Saraha Platform.

In Meridja, two main targets have been identified: the Paleozoic formations, which belong to the Hercynian Saharan Platform, and the Triassic Sandstones (TAGI) which belong to the Triassic province.

Currently, 15 leads have been identified with reserves potentially similar in scale to those in Tendrara.