Managem

Morocco’s Managem completes acquisition of Sound Energy’s local assets


Issue 518 - 11 Dec 2024 - By Dominic Dudley | 1 minute read

Sound Energy has completed the sale of its Sound Energy Morocco East subsidiary to Casablanca-based Managem. The London AIM-listed company will receive up to $45m for stakes in the Tendrara, Grand Tendrara and Anoual licence areas, but will still retain minority interests in all three areas.

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