Sound Energy (GB:SOU) has released an update.
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Sound Energy has received official approval from the Moroccan Minister of Energy Transition and Sustainable Development for its subsidiary, Sound Energy Morocco East Limited, to continue as the operator of key concessions in Morocco. This approval facilitates the company’s strategic transaction with Managem SA, marking a significant step in its partial divestment strategy in the region. The transaction still awaits the fulfillment of remaining conditions, with updates expected in due course.
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