TIDMSOU

Sound Energy PLC

01 August 2017

1 August 2017

Sound Energy plc

("Sound Energy" or the Company")

Eastern Morocco: Pipeline Route

Sound Energy, the European and African focused upstream gas company, is pleased to announce that it has received written confirmation, from the Wilaya of the L'Oriental Region in Morocco (a local authority in Eastern Morocco), that preliminary approval has been provided for the proposed route of the gas export pipeline that will be necessary to transit gas from Sound Energy's Eastern Moroccan interests to the Gazoduc Maghreb Europe (GME) pipeline. This preliminary approval, which will now be followed up by engineering and commercial activities necessary to support final authorisation, is another step in the development of the infrastructure required to support the early monetization of gas from the TE-5 Horst discovery at Tendrara.

Commenting, James Parsons, Sound Energy CEO, said:

"I am delighted to have received this confirmation, which supports the significant progress we have made in developing our Moroccan portfolio to date. The approval is also further evidence of the relationships that Sound Energy has built in country since entering in 2015, and the mutual co-operation that exists with local, regional and governmental authorities."

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 
 RBC Capital Markets - Broker                  Tel: +44 (0)20 7653 4000 
  Matthew Coakes 
  Martin Copeland 
  Laura White

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAZMGFNKMFGNZM

(END) Dow Jones Newswires

August 01, 2017 02:02 ET (06:02 GMT)

Sound Energy (LSE:SOU)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Sound Energy Charts.
Sound Energy (LSE:SOU)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Sound Energy Charts.