{"id":49943,"title":"Sound Energy PLC (LON:SOU) Anoual: Schlumberger Direct Licence Position","publisher":"Share Talk","author":"sharetalk","published":"2019-04-16T15:52:54+00:00","modified":"2019-04-16T15:52:54+00:00","canonical_url":"https://www.share-talk.com/sound-energy-plc-lonsou-anoual-schlumberger-direct-licence-position/","markdown_url":"https://www.share-talk.com/sound-energy-plc-lonsou-anoual-schlumberger-direct-licence-position.md","json_url":"https://www.share-talk.com/sound-energy-plc-lonsou-anoual-schlumberger-direct-licence-position.json","category":"Energy","categories":["Energy"],"tags":["Schlumberger","SOU","Sound Energy PLC"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that the process to convert Schlumberger’s existing 27.5% interest in the Anoual permits to a direct 27.5% licence position has completed following receipt of the relevant Moroccan Ministerial approvals.\n\nThe Company’s unchanged interest in the Anoual permits consists of an operated 47.5% participating interest, with the remaining interests in the Anoual permits held by Schlumberger (27.5%) and Morocco’s L’Office National des Hydrocarbures et des Mines (25%).\n\nThis most recent conversion concludes the process of converting Schlumberger’s previously synthetic interests across the Company’s Eastern Moroccan exploration portfolio to direct licence positions. Schlumberger now has a direct 27.5% licence interest in the Greater Tendrara Petroleum agreement, as previously confirmed, and the Anoual permits.\n\nThe process to convert Schlumberger’s 27.5% existing interest in the Tendrara production concession, which contains the TE-5 Horst discovery, is ongoing. Further announcements will be made, as appropriate, in due course.\n\n "}