On 16 April 2019, Sound Energy announced that Moroccan authorities had approved the conversion of Schlumbergerâs 27.5% interest in the Anoual permit (former Meridja reconnaissance area) to a direct licence position.  Sound Energy operates the permit with a 47.5% interest, Schlumbergerâs holds a 27.5% interest and ONHYM holds the remaining 25%.Â    Background information  Sound Energy announced on 20 February 2017, that it had signed a binding agreement for the acquisition of OGIF assets in Eastern Morocco. OGIF's Eastern Moroccan assets include a 20% interest in Tendrara, a 75% interest in Meridja (including a 55% interest over which Sound Energy has exercised its option, subject to regulatory and other approvals) and an application for a 75% position in the relinquished area close to Tendrara. The agreement followed the non-binding heads of agreement signed on 19 January 2017.  On 12 September 2017, Sound Energy announced that it had completed the acquisition of Oil & Gas Investment Fundâs (OGIF) assets in Eastern Morocco. The company will operate the Tendrara permit, the Anoual permit and the Matarka reconaissance licence (covering the Tendrara relinquished are).
Morocco, Tendrara (Dev)