Sound Energy PLC (LON:SOU) told investors that it has had the award of a new Morocco project rubber stamped by the authorities.
In a stock market statement the gas explorer said that it has received formal final approval for the Matarka licence.
It comes after the group agreed a deal to acquire exploration acreage in the vicinity of the Tendrara field, in eastern Morocco, from Oil & Gas Investment Fund (OGIF) and as those assets are being restructured into new licence areas.
READ: Sound Energy makes pipeline progress for Morocco gas discoveries
The company also noted that it now expects to receive remaining approvals for the Anoual and Tendrara areas in the third quarter.