Sound Energy Plc

Tendrara Production Concession

License Details

  • Area
    133.5 km2
  • Status
    Concession Agreement: Production
  • Effective date
    September 2018
  • Term
    25 years

Resource Potential
Recoverable Resources of 377 Bcf gross / 75.4 Bcf net (2C Resources)1 in the TE-5 Horst gas discovery, sub-salt Triassic TAGI reservoir

Interests
Mana Energy (Operator) 55%
Sound Energy 20%
ONHYM 25%

1Certified by RPS Energy Consultants Limited

Permit Area

Located for access to Gazoduc Maghreb Europe (“GME”) pipeline approximately 120 kilometers to the North. The 522 kilometres long Moroccan section is owned by the Moroccan State and operated by Metragaz. The pipeline connects Morocco to the Spanish/Portuguese gas grids.

Geology

Gas reservoir with flow rates significantly enhanced by application of proven mechanical stimulation techniques.

Future Developments

Potential capacity to meet gas demand in a phased manner with Phase I being the implementation of a micro LNG development scheme and Phase II being the development of a larger scale central processing facility (“CPF”) and gas export pipeline

Plant At Night

Phase 1
Micro LNG Development

Supply of LNG for Morocco’s rising energy demands

Deployment of field gas treatment, processing, liquefaction and storage facilities to deliver mobile LNG to buyer at site. The LNG buyer will distribute and sell on to its growing Moroccan industrial consumers within the domestic gas market.

Supplies of LNG are to be an annual contractual quantity of 100 million standard cubic metres of gas (approximately 4 billion standard cubic feet of gas per year) over a ten-year period in a liquid form.

Binding gas sales agreement and associated funding in place with Afriquia Gaz. A ten-year commitment from first gas to sell annual contractual quantity of 100 million standard cubic metres per annum with take or pay agreement priced at $6–$8.346 per mmBTU ex plant.

Development utilises the existing well stock of TE-6 and TE-7, with additionally the drilling of one new well as required to maintain the ten-year period of production plateau.

Micro LNG Production Facility

Following the sale of Sound Energy Morrocco East and operatorship of the of the Tendrara Micro LNG project to Mana Energy in December 2024 the previous vendor financed Engineer, Procure, Construct, Operate and Maintain contract with Italfluid Geoenergy S.r.l. was replaced in February 2025 with an Engineer, Procure and Construct contract. Sound Energy retains a 20% non-operated interest in the project and with production scheduled to commence in Q4 2025 this marks a significant milestone in the company’s history of.

  • Positive revenue generation
  • Increasing shareholder value
  • Paving the way for future projects
Oil Ship New

Phase 2
Tendrara TE-5 Development

Gas as a transition fuel flowing to the GME pipeline

20’’ inch, 120km Tendrara Gas Export Pipeline (“TGEP”):

  • Tie-in to existing GME pipeline (Station M04): FEED completed by Metragaz (EMPL operator)
  • Pipeline EIA permit approved
  • FEED completed by Enagás Consortium for a 70 mmscf/d raw gas processing capacity Central Processing Facility (“CPF”)
  • CPF EIA permit approved
  • Gas Sales Agreement (“GSA”) with ONEE (Office National de l’Electricite et de l’Eau potable) signed November 2021 for domestic power plants for gas-to-power generation (transit via GME line), minimum volume of 0.3 bcm/year
  • Six horizontal wells planned for First Gas (Phase 2)