Morocco: Sound expects to produce gas within three years

Having secured new equity finance and access to local debt markets, Sound Energy expects to receive a concession for its initial development in the Tendrara-Meridja Basin by Q4 2017 or Q1 2018, and will then start drilling 18 development wells to produce gas for sale into the local market from Q3 2019. The AIM-listed company sees this as an initial phase in its Moroccan operation. Speaking in Milan on 26 January, managing director Luca Madeddu said Sound had identified three other areas for possible future development.