RE: RE RNS23 Jul 2018 16:03
I like this bit
anticipation of the forthcoming drilling programme, the initiation of the process of converting the existing 27.5% synthetic interests held by an affiliate of Schlumberger Oilfield Holdings Limited ("Schlumberger") in the Tendrara Lakbir permits, the Anoual permits and the Matarka reconnaissance licence (together the "Eastern Morocco Portfolio") into 27.5% joint venture licence participating interests in the Eastern Morocco contract area. Sound Energy will remain the operator of the Eastern Morocco Portfolio. If our licence did not hold the promise that we all hope why would Schlumbergers go to the trouble of exercise there rights? They walked away from their comitement with Ophir?