Incorporated in England and Wales, Sound Oil is an independent oil and gas exploration company. It was founded in 2005 and admitted on the AIM market in June 2005. They are hoping to grow their portfolio with selective additions of different projects in the focus areas and also in other regions of the world.
Don't worry, not seriously expecting those permits in Q1, I am well used to Italy by now, but shouldn't be toooo far off now, hopefully. I expect site prep. to continue though. (Religion has a lot to answer for! Atheist, and 100% proud of it). No web cam since 24th!?
Let's not forget that Italy closes down for a whole week at Easter... imminent news more likely to come from the updated CPR rather than site developments IMO...
Will hopefully be next week as the pad must be close to completion. The time to erect all the equipment and then spud the well in readiness for the site visit 11 / 12 May ? Exciting times ahead. Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce that it has today signed a Letter of Intent with Drillmec Spa for the exclusive use of an AHEAD 375 Drilling Rig in Italy for both the SMG and Laura wells in 2015. "Laura and SMG are both existing gas discoveries which the Company plans to re-drill in 2015, with a combined NPV10 in excess of Euro 100 million. The selection of this highly automated, electrically powered, hydraulic rig, with its minimal noise output and zero emissions, reflects Sound Oil's continued commitment to safety and the environment."
rns 10th Feb
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce the technical approval of the Environmental Impact Assessment ("EIA") for the Nervesa gas discovery production concession from the Veneto Region's Technical Committee (the "Technical Approval"). The final EIA approval from the Veneto Region and the Nervesa production concession award from the Italian Ministry of Economic Development are expected to follow during this quarter. Shouldn't be too far off now.
JP 1000 days
JP CEO SOUND OIL M diem 2015-03-30 Here's to the next 1000 days Congratulations JP OLEUM
The Nervesa field
The Nervesa field has the potential of five further completions of the remaining 12 sand intervals at 1829 m to 1964 m depth. Gross P50 contingent resources have been estimated by Fugro-Robertson to be 20.7 Bscf*. Sound Oil’s strategy is to drill two new wells to re-develop the gas field.The first well was drilled in July 2013 with 46 metres of net pay across 13 zones. The well test achieved a stabilised total gas flow rate of 2.7 Mmscfd from multiple sandstone intervals in the Upper Miocene San Dona Formation using a dual string completion. Following these successful results, Sound Oil has applied for a Production Concession with a view to achieving first gas sales at Nervesa in 2015. This is the first well in a 3 well development plan with the second well, in the Southern part of the structure, planned Q1 2015. There are preliminary signs of potential for an additional exploration prospect on the same licence.
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