Schlumberger and Sound Energy expand cooperation in Morocco

Sound Energy, the African and European-focused upstream gas company, has announced the signature of binding heads of terms with Schlumberger, which will expand Sound Energy's relationship with Schlumberger into Meridja and the Tendrara relinquished area(s), in exchange for a full carry on Sound Energy's forthcoming Eastern Moroccan geophysical survey program, estimated at $27.2 million and subject to completion of the Company's recently announced acquisition of these interests from Oil and Gas Investment Fund S.A.S. More »