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To: Goose94 who wrote (22322)	9/13/2016 8:58:17 PM
From: Goose94	Read Replies (1) \| Respond to of 203664

PMA-V new 52 week high, 7.5 cents

To: Goose94 who wrote (22322)	9/23/2016 7:41:52 AM
From: Goose94	Read Replies (1) \| Respond to of 203664

PetroMaroc Corporation plc (PMA-V) Sept 23, '16 an independent oil and gas company focused on Morocco (the "Company" or "PetroMaroc"), as announced in March 2016, entered into a binding agreement (the "Sale and Purchase Agreement") with Sound Energy plc ("Sound Energy") for the disposal, subject to conditions precedent including receipt of regulatory approval, of its 50% operated interest in the Sidi Moktar Licences (the "Acquisition"). Since March 2016, there have been a number of developments that have impacted the terms of the Sale and Purchase Agreement, including Sound Energy's recent share price increase. In order to ensure that the Company's and Sound Energy's respective interests are protected in a reasonable and fair manner, the parties have entered into a amending agreement, pursuant to which any proceeds from a sale (in whole or in part) of the 21,258,008 new Sound Energy ordinary shares (the "Consideration Shares") to be issued to PetroMaroc as consideration on completion of the Acquisition will be shared between PetroMaroc and Sound Energy as follows: PetroMaroc will receive all proceeds from sale(s) up to 50 pence per Consideration Share and sale proceeds in excess of 50 pence per Consideration Share will be shared equally between PetroMaroc and Sound Energy. In addition, the long stop date for completion of the Acquisition has been extended to December 31, 2016, or such later date as is necessary to satisfy the remaining conditions precedent. PetroMaroc and Sound Energy continue to work together collaboratively to ensure the smooth transition of the Sidi Moktar Licences. About PetroMaroc PetroMaroc is an independent oil and gas company focused on its significant land position in Morocco. The Company has a 50 percent operated interest in the Sidi Moktar licence area covering 2,683 square kilometres and is working closely with Morocco's National Office of Hydrocarbons and Mines (ONHYM) as a committed long-term partner to unlock the hydrocarbon potential of the region. Morocco offers a politically stable environment to work within and has favourable fiscal terms to energy producers. PetroMaroc is a public company listed on the TSX Venture Exchange under the symbol "PMA". CONTACT INFORMATION: PetroMaroc Corporation plc Martin Arch Chief Financial Officer +44 203 137 7756 petromaroc.co