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UK player gets commercial proposal for up to $100 million to finance key facility to develop Tendrara gas field.
UK player Sound Energy is closing in on funding of up to $100 million for a key pipeline set to exploit its Tendrara gas field in Morocco.
The London-listed player has an indicative non-binding commercial proposal from the fund manager of its partner Oil & Gas Investment Fund (OGIF) that could lead to the construction of a 20-inch pipeline.
The proposal from Advisory & Finance Group Investment Bank (AFG) is for between $60 million and $100 million.
