RNS Number : 6118N
Sound Energy PLC
30 September 2021


30 September 2021


Sound Energy plc

("Sound Energy" or the "Company")


Update re Moroccan Tax Matter


Request to Court to cancel the remaining tax claim in relation to the signing of Greater Tendrara Petroleum Agreement


Sound Energy, the Moroccan focused upstream gas company, confirms that, further to the Company's announcement of 6 August 2021, its wholly owned subsidiary Sound Energy Morocco East Ltd ("SEME") has now filed to the Moroccan Court its challenge to the remaining charges relating to the Moroccan Tax Administration's assessment of a purported disposal of assets by SEME to Schlumberger in relation to the signing in October 2018 of a brand-new petroleum agreement for exploration at Greater Tendrara (the "Filing"). The Filing has been made within the stipulated period of 60 days from the date of the local Tax Committee Decision.


As previously announced the Company remains of the strong opinion that the remaining charges against SEME in respect of entry of the new Greater Tendrara petroleum agreement have been wrongly interpreted by the Moroccan Tax Administration. 


The Company, together with its advisors, continues to seek to engage constructively with the authorities but in the meantime will continue to defend its rights through the Court in the event that the Moroccan Tax Authority does not drop the charges against SEME. The previously notified tax claims against Sound Energy Morocco SARL AU remain in due process.


Further announcements will be made, as appropriate, in due course.


For further information please contact:

Vigo Consulting - PR Adviser

Patrick d'Ancona

Chris McMahon 


Tel: 44 (0)20 7390 0230

Sound Energy

Graham Lyon, Executive Chairman




Cenkos Securities - Nominated Adviser

Ben Jeynes

Pete Lynch


Tel: 44 (0)20 7397 8900

SP Angel Corporate Finance LLP - Broker

Richard Hail, Sam Wahab

Tel: 44 (0)20 3470 0470




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.




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.