Sound Energy: Bullish on Morocco







Sound Energy is bullish on Morocco.

Despite its recent setback in its gas exploration in Italy, the CEO of Sound Energy, James Parsons, insisted that its efforts in Morocco would continue as an “absolute priority. It is important to put this into context; having long shifted the axis of our activities to play-opening work in Eastern Morocco, Sound continues to rapidly build a Moroccan exploration-focused onshore gas business hinged on strong European gas fundamentals, a strategic partnership with Schlumberger and our multi Tcf opportunity set. We are clear in our goals strategically, strong financially, and on the path to firming up the very significant upside on our acreage.”

Parsons said the company’s optimism is based on strong fundamentals, and that “Here the exploration potential is being de-risked by a combination of aerial gradiometry, reprocessed seismic, and 2,644 Km of new 2D seismic which are all underway…We continue steadfast in our belief that the Eastern Morocco TAGI and Paleozoic is a completely new play for our industry and one which will over the next year or two prove both the making of our company and the making of the Moroccan Oil and Gas sector.”


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