RNS Number : 2000Y
Sound Oil PLC
07 September 2015

7 September 2015


Sound Oil plc

("Sound Oil" or the "Company")


Exclusivity on Second Moroccan Acquisition


Sound Oil, the Mediterranean focused upstream gas company, is pleased to announce that it has entered into an agreement with Maghreb Petroleum Exploration S.A. ("Maghreb"), under which Maghreb has awarded Sound Oil a two month period of exclusivity to negotiate and complete the acquisition of a subsidiary of Maghreb which holds a 25% carried working interest in the Sidi Moktar licences, onshore Morocco (the "Sidi Moktar Licence"). 


The Sidi Moktar Licence is an onshore licence covering 3000 Km2 and is located in the Essaouira basin which contains multiple Jurassic gas discoveries.


The Company is commencing due diligence in relation to this opportunity and further announcements will be made, as appropriate, in due course.


For further information please contact:



Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon


Tel: 44 (0)20 7016 9573

Sound Oil

James Parsons, Chief Executive Officer




Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes


Tel: 44 (0)20 7131 4000

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter


Tel: 44 (0)20 7894 8896


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