Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that the current testing of the Casa Tiberi-1 well has been successfully concluded. The well flowed as planned at a stabilised rate of 8,000 scmd (0.28 MMscfd) on a 8/64ths inch choke with a flowing tubing head pressure of 54 bar. The results will now be analysed and reviewed with the authorities.
For further information please contact:
Gerry Orbell, Chairman & Chief Executive
Mike Cope, Chief Operating Officer
Tel: +44 (0)1372 365745
Smith & Williamson - Nominated Adviser
Tel: +44 (0)20 7131 4000
Investec - Broker
Tel: +44 (0)20 7597 4000
Buchanan - Financial PR
Tel: +44 (0)20 7466 5000
The information contained in this announcement has been reviewed by Sound Oil's Chief Operating Officer, Dr M. J. Cope BSc PhD CGeol FGS, a qualified petroleum geologist. "scmd" means standard cubic metres per day; "MMscfd" means millions of standard cubic feet per day.
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