Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that it has, together with its licence partners, successfully concluded a re-negotiation of the terms of its Anoual Exploration Permits (the 'Permit') with Morocco's National Office of Hydrocarbons and Mines ('ONHYM') which aligns the work programme commitments on the Permit and the Company's continued pursuit to unlock the exploration potential of the Eastern Morocco basin, with the expected phasing of the Company's recently announced Tendrara Production Concession Phase 1 development plan.

The Permit, which became effective on 31 August 2017 and covers an area of some 8,873 square kilometres has a duration of 8 years and, as with all Moroccan exploration permits, is divided into 3 phases with each phase having pre-agreed work commitments. The original work commitments under the Permit were: Initial period of 3 years expiring on 31 August 2020: FTG-aerogradiometry, 600 kilometres of 2D seismic and 150 square kilometres of 3D seismic.

Subsequent optional first complimentary period of 2 years and 6 months: 1 exploration well with Triassic objective.

Optional second complimentary period of a further 2 years and 6 months: A further single exploration well with Triassic objective.

Mohammed Seghiri, Sound Energy's COO, commented: 'Despite the challenges caused by the COVID-19 restrictions, I am delighted to have re-aligned our committed exploration work programme at the Anoual Exploration Permit in Eastern Morocco so it dovetails more efficiently with the proposed phasing of our Phase 1 Development Plan at the Tendrara Production Concession in a manner that underscores both our confidence in the potential of the basin as a future significant gas producing province and our ability to deploy capital judiciously across the portfolio.'

Contact:

Chris McMahon

Tel: 44 (0)20 7390 0230

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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