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Sound Energy takes step forward in permitting process as EIA approved for Sidi Moktar

The AIM-listed gas firm said approval of the EIA is “an important step in the local permitting process”

Sound Energy PLC - Sound Energy takes step forward in permitting process as EIA approved for Sidi Moktar
Sounds is preparing for 2D seismic acquisition at the project

Sound Energy PLC (LON:SOU) has received approval for its environmental impact assessment (EIA) at its Sidi Moktar permits in Morocco.

The AIM-listed gas firm said approval of the EIA is “an important step in the local permitting process” and will allow it to continue preparations for an upcoming 2D seismic acquisition campaign at the site, which covers around 4,712 square kilometres.

In mid-afternoon trading on Tuesday, the shares were 1.1% higher at 3.5p.

Quick facts: Sound Energy PLC

Price: 3.015 GBX

Market: AIM
Market Cap: £32.55 m
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Investor Update: Sound Energy agrees deal to sell stake in East Morocco

Headlines from the Proactive UK newsroom. Sound Energy (LON:SOU) has signed a preliminary agreement to sell just over half its stake in its Tendrara licences in East Morocco for US$113mln. The consideration is US$54mln cash and the rest is a carry for future capital...

on 6/11/19

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