Sound Oil Regulatory News (SOU)



Regulatory News for Sound Oil (SOU)


Share Price: 7.75Bid: 7.50Ask: 8.00Change: 0.00 (0.00%)No Movement on Sound Oil
Spread: 0.50Spread as %: 6.67%Open: 7.75High: 7.79Low: 7.612Yesterday’s Close: 7.75





Operations Update

Fri, 9th Mar 2012 07:00

RNS Number : 0172Z
Sound Oil PLC
09 March 2012
 

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9 March 2012

 

Sound Oil plc

("Sound Oil" or "the Company")

 

Operations Update - Casa Tiberi-1, Italy

 

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:

 

Sound Oil

Gerry Orbell, Chairman & Chief Executive

Mike Cope, Chief Operating Officer

 

Tel: +44 (0)1372 365745

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

 

Tel: +44 (0)20 7131 4000

Investec - Broker

David Flin

 

Tel: +44 (0)20 7597 4000

Buchanan - Financial PR

Tim Thompson

Ben Romney

Helen Chan

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Related Shares: Sound Oil (SOU).




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