Sound Energy, the transition energy company, has announced that further to the announcement of 14 June 2024 regarding the entry into a conditional binding Sale and Purchase Agreement, 'SPA'  for the partial divestment by Sound Energy of its Moroccan assets by way of the disposal by the Company of the entire issued share capital of the Company's wholly owned subsidiary Sound Energy Morocco East Limited ('SEME') to Managem SA, the Company has confirmed the receipt of formal approval from the Moroccan Minister of Energy Transition and Sustainable Development to SEME continuing as the Operator of record of the Tendrara Exploitation Concession, and the Anoual and Grand Tendrara Exploration Permits, following completion of the Transaction.

The Transaction remains conditional upon the satisfaction or waiver by the parties of the remaining conditions precedent to the SPA and further announcements will be made as appropriate in due course.

KeyFacts Energy: Sound Energy Morocco country profile   l   KeyFacts Energy: Acquisitions & Mergers news