Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

Share Price is delayed by 15 minutes
Get Live Data
1.70    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.20 (12.50%)
Market Cap: £3.88m
SOU Live PriceLast checked at - London Stock Exchange

Intraday Sound Energy Share Chart

Nervesa Drilling Authorisation

5 Mar 2013 13:47

RNS Number : 2746Z
Sound Oil PLC
05 March 2013
 



5 March 2013

 

Sound Oil plc

("Sound Oil" or "the Company")

 

Receipt of Final Nervesa Drilling Permission

 

Sound Oil, the Italian focused upstream oil and gas company is pleased to announce the receipt of the written "Autorizzazione" for the forthcoming Nervesa appraisal well in Northern Italy.

 

As previously advised, the Company will now mobilize the rig around 25th March with a view to commencing drilling in the first week of April.

 

The Company also invites shareholders to the next bi-monthly conference call with the Executive team at 11am on 11th March. For the dial in details please contact Annabelle Griffiths on A.Griffiths@soundoil.co.uk or 01372 365725.

 

 

James Parsons, Sound Oil's Chief Executive Officer, commented:

 

"Nervesa is a 21Bscf gas discovery which was discovered by ENI in 1985 and has an independently assessed base case value of circa US$60 million.

 

The successful drilling of this flagship asset is the first step in unlocking the significant value inherent in the Sound Oil portfolio."

 

 

For further information please contact:

 

Sound Oil

James Parsons, Chief Executive Officer

 

j.parsons@soundoil.co.uk

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

 

Tel: +44 (0)20 7131 4000

Peel Hunt - Broker

Richard Crichton

Charles Batten

 

Tel: +44 (0)20 7418 8900

 

Note

The estimated gas resource volume and value mentioned above are based on P50 contingent resources and NPV10 estimates included in a Competent Person's Report prepared by Fugro Robertson Limited in October 2011. "P50" refers to a 50% chance of finding a given volume and is consistent with SPE (The Society of Petroleum Engineers) guideline; NPV10 refers to net present value at a discount rate of 10%; Bscf means billions of standard cubic feet. 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLSSLFDIFDSELD
Date   Source Headline
5th Feb 20105:33 pmRNSDirector/PDMR Shareholding
4th Feb 20105:58 pmRNSDirector/PDMR Shareholding
4th Feb 20104:20 pmRNSDirector/PDMR Shareholding
3rd Feb 20105:37 pmRNSDirector/PDMR Shareholding
2nd Feb 20105:23 pmRNSDirector/PDMR Shareholding
28th Jan 20104:36 pmRNSDirector/PDMR Shareholding
28th Jan 20102:18 pmRNSDirector/PDMR Shareholding
27th Jan 20106:07 pmRNSHolding(s) in Company
27th Jan 20106:05 pmRNSDirector/PDMR Shareholding
27th Jan 20103:41 pmRNSDirector/PDMR Shareholding
27th Jan 201012:16 pmRNSDirector/PDMR Shareholding
26th Jan 201012:00 pmRNSDirectors' dealing intentions
26th Jan 201011:20 amRNSOperations Update Citarum PSC
25th Jan 201011:50 amRNSShare price movement
16th Dec 20099:05 amRNSDirector/PDMR Shareholding
14th Dec 20094:21 pmRNSDirector/PDMR Shareholding
11th Dec 20096:06 pmRNSDirector/PDMR Shareholding
8th Dec 20092:49 pmRNSDirector/PDMR Shareholding
4th Dec 20097:30 amRNSRe-admission
4th Dec 20097:30 amRNSRestoration - Sound Oil plc
20th Oct 20097:30 amRNSSuspension - Sound Oil plc
20th Oct 20097:30 amRNSPossible acquisition
16th Oct 20095:08 pmRNSStmnt re Share Price Movement
9th Oct 20097:00 amRNSHolding(s) in Company
6th Oct 200911:57 amRNSPosting of Interim Report
28th Sep 20097:00 amRNSHalf Yearly Report
2nd Sep 20097:00 amRNSOperations update
29th Jul 20092:10 pmRNSResult of AGM
30th Jun 20098:25 amRNSPosting of results
24th Jun 20097:00 amRNSFinal Results
9th Jun 20099:28 amRNSHolding(s) in Company
6th May 200911:00 amRNSOperations Update
16th Jan 20092:42 pmRNSDirector/PDMR Shareholding
9th Dec 20086:14 pmRNSOperations update
13th Nov 20087:00 amRNSOperations Update
10th Oct 20083:11 pmRNSHolding(s) in Company
30th Sep 20083:06 pmRNSHolding(s) in Company
29th Sep 20087:00 amRNSInterim Results
15th Sep 20082:25 pmRNSHolding(s) in Company
1st Aug 200812:32 pmRNSAGM Statement
30th Jun 20085:57 pmRNSAccounts availability and Tak
20th Jun 20087:00 amRNSFinal Results
18th Jun 20084:28 pmRNSProject Update
8th May 200812:01 pmRNSProject Update
23rd Apr 20084:11 pmRNSHolding(s) in Company
18th Mar 20081:28 pmRNSProject Update
7th Dec 200712:51 pmRNSDirector/PDMR Shareholding
23rd Nov 20075:33 pmRNSDirector/PDMR Shareholding
9th Nov 20071:29 pmRNSHolding(s) in Company
2nd Nov 20074:26 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.