Tendrara Gas Development Exit
Sector: Energy • Location: Morocco
Source: Yahoo Finance UK
Sound Energy PLC has agreed to sell its remaining 20% interest in the Tendrara gas development in Morocco to Managem, a Casablanca-listed mining group. The deal involves the sale of subsidiary Sound Energy Merijda and includes repayment of shareholder loans. The transaction will leave Sound Energy with $11 million in cash and allow it to repurchase its outstanding senior secured notes, eliminating
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Sound Energy PLC has agreed to sell its remaining 20% interest in the Tendrara gas development in Morocco to Managem, a Casablanca-listed mining group. The deal involves the sale of subsidiary Sound Energy Merijda and includes repayment of shareholder loans. The transaction will leave Sound Energy with $11 million in cash and allow it to repurchase its outstanding senior secured notes, eliminating all balance sheet debt. The sale requires shareholder and regulatory approvals and marks a full exit from its Moroccan portfolio. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
