RNS Number : 0950S
Sound Energy PLC
07 March 2019

7 March 2019


Sound Energy plc

("Sound Energy" or the "Company")


Update re Gas Sales Agreement


Sound Energy, the Moroccan focused upstream gas company, confirms continued positive discussions with Morocco's Office National de l'Electricité et de l'Eau Potable ("ONEE") and the Moroccan Minister of Energy in relation to a gas sales agreement ("GSA"), pursuant to which The Minister of Energy has confirmed his intention that the GSA covers all of the gas to be produced from the recently awarded Tendrara Production Concession, onshore Morocco. The GSA is a critical next step that Sound Energy and its partners require ahead of taking a Final Investment Decision on the development.


The Tendrara development has the potential to offer Morocco both a new strategic domestic gas supply source, thereby reducing its dependency on Algerian imports, and significant new gas transportation infrastructure in the East of Morocco connected to the Gazoduc Maghreb Europe pipeline.


For further information please contact:



Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon


Tel: 44 (0)20 7390 0230

Sound Energy

James Parsons, Chief Executive Officer 

JJ Traynor, Chief Financial Officer





Cenkos Securities - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 


Tel: 44 (0)20 7397 8900

RBC - Joint Broker

Matthew Coakes

Martin Copeland


Tel: 44 (0)20 7653 4000

Macquarie Capital (Europe) Limited - Joint Broker

Alex Reynolds

Nick Stamp


Tel: 44 (0)20  3031 2000

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.


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