Sound Energy has announced that it has received notification from the operator of the Tendrara Production Concession, Mana Energy Ltd (55%), of the commencement of the initial commissioning activities for the TE-5 Horst development project in the Tendrara Production Concession\u00a0that first gas has entered the gas gathering system (GGS) in preparation for long term gas production into the micro-LNG plant. \u00a0Sound Energy retains a 20% equity interest in the Tendrara Production Concession.<\/p>\n\n\n\n
The final required component of the gas gathering system, which is being constructed by Mana Energy Ltd, the SCADA (Supervisory Control and Data Acquisition) computer, was delivered on 28 November 2025. After installation, gas was safely and successfully flowed from the TE-6 production well, to commence the commissioning of the GGS.<\/p>\n\n\n\n
The micro-LNG Plant has been designed, is being constructed and will be operated and maintained by Italfluid Geoenergy S.r.l. (ITF) with guarantees for plant operability and delivery of LNG to the off-taker, Afriquia Gaz, a leading energy distributor in Morocco. A binding gas sales agreement and associated funding are in place with Afriquia Gaz, with a ten-year commitment from first gas to purchase a contractual quantity of one hundred million normal cubic metres per annum. This is in the context of a take or pay agreement priced in the range of $6-$8.346 per MMBtu which will be determined using an indexed formula which applies a combination of the European TTF and US Henry Hub benchmark indices. The development will use existing wells TE-6 and TE-7, and one new well to deliver the required raw gas volumes into the plant for the Phase 1 development and maintain a ten-year production plateau under the gas sales agreement. Construction of the micro-LNG plant continues at site, with revenue generating LNG sales forecast by the contractor, ITF, to commence late Q1 or Q2 2026.<\/p>\n\n\n\n