TIDMSOU

Sound Energy PLC

07 July 2016

7 July 2016

Sound Energy plc

("Sound Energy" or the "Company")

Tendrara Development Funding

Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that it has received a non-binding Expression of Interest from Oil & Gas Investment Fund ("OGIF"), its partner on the Tendrara licence, expressing OGIF's interest in funding, building and operating a new pipeline connecting Tendrara to the Gazoduc Maghreb Europe (GME) pipeline. The cost of the new Tendrara pipeline is currently estimated to be approximately US$50 million.

James Parsons, Chief Executive Officer of Sound Energy, commented:

"We are very pleased to have received this first expression of interest which potentially enables us to construct the infrastructure which would be required at Tendrara without equity dilution, whilst also further broadening our strong partnership with OGIF."

For further information please contact:

 
 Vigo Communications - PR Adviser              Tel: +44 (0)20 7830 9700 
  Patrick d'Ancona 
  Chris McMahon 
  Alexandra Roper 
----------------------------------------  ----------------------------- 
 Sound Energy                              j.parsons@soundenergyplc.com 
  James Parsons, Chief Executive Officer 
----------------------------------------  ----------------------------- 
 Smith & Williamson - Nominated Adviser        Tel: +44 (0)20 7131 4000 
  Azhic Basirov 
  David Jones 
  Ben Jeynes 
----------------------------------------  ----------------------------- 
 Cantor Fitzgerald Europe - Broker             Tel: +44 (0)20 7894 8896 
  Sarah Wharry 
  David Porter 
----------------------------------------  -----------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 07, 2016 02:00 ET (06:00 GMT)

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