In a significant update, Sound has announced that it has entered into an SPA with Schlumberger to acquire its full 27.5% working interest in Eastern Morocco. On completion, the transaction significantly increases Sound's discovered and undiscovered resource position in the region, ahead of ramping up its transformational phased development strategy at Tendrara. Upon securing the funds following the signing of a previously announced deal with Afriquia Gaz, the Company will remain fully funded for ....
14 Jun 2021
Sound Energy* (BUY): Accretive transaction increases Eastern Morocco exposure
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Sound Energy* (BUY): Accretive transaction increases Eastern Morocco exposure
Sound Energy plc (SOU:LON) | 0.8 0 9.2% | Mkt Cap: 16.2m
- Published:
14 Jun 2021 -
Author:
Research Archive -
Pages:
7
In a significant update, Sound has announced that it has entered into an SPA with Schlumberger to acquire its full 27.5% working interest in Eastern Morocco. On completion, the transaction significantly increases Sound's discovered and undiscovered resource position in the region, ahead of ramping up its transformational phased development strategy at Tendrara. Upon securing the funds following the signing of a previously announced deal with Afriquia Gaz, the Company will remain fully funded for ....