Sound is making good progress with the Attijariwafa bank, one of the leading banks in Morocco, to arrange a long-term $250m senior debt facility for the partial financing of the $330m gross (lifecycle) capex costs on the Tendrara phase 2 pipeline development (75% WI), onshore Morocco.
Sound has also launched a farm-out process to bring in a partner to fund its net 75% share of the ~$80m balance of the $330m gross (lifecycle) phase 2 development costs and to fund a multi-well drilling programm ....
18 Aug 2022
Sound Energy plc* (SOU LN) - Morocco operations update
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Sound Energy plc* (SOU LN) - Morocco operations update
Sound Energy plc (SOU:LON) | 0.8 0 12.9% | Mkt Cap: 16.9m
- Published:
18 Aug 2022 -
Author:
David Mirzai -
Pages:
8
Sound is making good progress with the Attijariwafa bank, one of the leading banks in Morocco, to arrange a long-term $250m senior debt facility for the partial financing of the $330m gross (lifecycle) capex costs on the Tendrara phase 2 pipeline development (75% WI), onshore Morocco.
Sound has also launched a farm-out process to bring in a partner to fund its net 75% share of the ~$80m balance of the $330m gross (lifecycle) phase 2 development costs and to fund a multi-well drilling programm ....