sound energy plc shares rose monday after the company said it has received indications of interest from a range of wellfunded parties for the formal farmout process of its tendrara gas project in morocco shares at 0857 gmt were up 012 pence or 12 at 115 pence the uk energy company which had started the process in august to identify a partner for the remaining 60 million of development costs net to its 75 interest in tendrara said after review it intends to engage in more detail with the relevant parties in parallel with the farmout progress sound energy said it is in advanced negotiations with various vendors to conduct engineering procurement construction and potentially operations and maintenance activities for the phase 2 development of the project the company also said it has made good progress with the attijariwafa bank of morocco to arrange debt financing for the project as disclosed in june to provide enough time for the bank to complete technical due diligence the mandate has been amended to extend the date by which they expect to negotiate binding financing terms to march 15 and extended exclusivity for attijariwafa to arrange the financing to june 1