Sound Energy signs 10 year LNG sales agreement in Morocco

MOROCCO – Sound Energy, a gas company, has entered sale and purchase agreement with Afriquia Gaz for phase 1 development plan for the TE-5 Horst development at the Tendrara Production Concession, onshore Morocco. Pursuant to this agreement, Sound Energy will sell not less than 171,000 cubic metres of LNG per year (approx. 100 million cubic metres a year of gas to be produced and liquefied from the Phase 1 Development) on behalf of the Concession joint venture (the LNG SPA). ”We are delighted to announce the signature of a binding…

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Sound Energy acquires Schlumberger Silk Route Services Limited

MOROCCO – Sound Energy, a gas company, has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS). SSRS holds a 27.5% participating interest in the Anoual and Greater Tendrara exploration permits in Eastern Morocco together with a 27.5% indirect interest in the Tendrara Concession through its contractual relationship with the Group. ”We are delighted to have increased our working interest in our principal assets in Eastern Morocco on highly attractive term,” Graham Lyon,…

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