British gas businesses study inserts on the Morocco Stock Exchange

Two British companies that work in the field of exploration and production of natural gas in Morocco study the inclusion of the stock market in the kingdom, where their work approaching the production stages is concentrated, as Al -Sharq learned of an official in one of the two companies and people who are familiar. It comes to the company “Sound Energy” and “Predator Oil & Gas”, listed on the London Stock Exchange. The weakness of protecting medium and small businesses, the low value of assets and liquidity problems are the most important factors that the two companies have encouraged to think after the Moroccan stock market, according to people who were familiar with the matter, they asked not to reveal their identity because the decisions were not yet decided or they would not decide or they would continue. Over the past year, 45 businesses from the London Stock Exchange have withdrawn, and this is the largest number of businesses left by the market since 2010, in exchange for the rare public offering, according to data collected by Bloomberg. Where businesses need to get the evaluation they want. The Moroccan Stock Exchange Momentum sees the Morocco Stock Exchange which has been a continuous momentum since last year. This year, the most important index of the “Mazi” market achieved record levels supported by a major request of investors at 77 listed securities. The option to offer for sound energy confirmed by CEO Graham Lyon is in response to the question of “Al -Sharq”, and says, “We are thinking of this option.” It was not possible to obtain immediate remarks from the Morocco Stock Exchange and the Moroccan Capital Market Authority. The Kingdom Stock Exchange is recorded on average one annually, the country strives to achieve more than 300 businesses by 2035, and the market bet on offering government companies to encourage private sector companies. Inclusion with the beginning of the production of liquid natural gas suggested that one of the people familiar with Al -Sharq would be that the decision to include at the end of this year or the beginning of next year for the company “sound energy” coincides with its expected production of liquid natural gas from the “Tanadara” field, east of the country, which will represent the first production of the Kingdom. While “braidator” this year plans to dig a Wells as part of its license in the “Jarsif” region, northeast of the kingdom, which targets the production of 400 million cubic feet per day of natural gas. Where “the company is currently looking for sources to finance its investments in the coming years and work with local buyers for the upcoming production of natural gas,” according to someone else. Morocco’s production of natural gas is not 100 million cubic meters from small countries in the west of the country annually, but the reserves are neglected. The country feeds the rest of its estimated needs of about one billion cubic meter annually from the international market through a pipeline with Spain. In addition to local production, the kingdom intends to develop an infrastructure to ensure a greater import of natural gas, as it is expected to start a tender in this regard with expected investments of about $ 6 billion as it seeks to adopt natural gas as a transition energy with the increase in clean energy projects, while coal is still the official figures.