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Operations Update

6 Jun 2011 07:00

RNS Number : 8841H
Sound Oil PLC
06 June 2011
 



For Immediate Release

6 June 2011

 

Sound Oil PLC

("Sound Oil" or "the Company")

 

Operations Update: Marciano-1ST Well

 

Sound Oil is able to advise that the completion operation on Marciano-1ST well commenced on Saturday 4 June at 09.00 local time. The operation will involve the perforation of two potential gas-bearing zones at 1283-1288m and 1326-1331m MD. The work on the well is anticipated to take 10 days to complete.

 

The Marciano-1ST well, located on the Fonte San Damiano Concession in Basilicata, southern Italy, is operated by Sound Oil's majority owned subsidiary Apennine Energy with a 99% working interest.

 

Gerrry Orbell, Sound Oil's Chairman and Chief Executive commented:

 

We are pleased to be starting operations on the Marciano well and look forward to successful testing operations that will enable us to move forward with early commercialisation of the project.

 

For further information please contact:

 

Sound Oil

Gerald Orbell, Chief Executive

Michael Cope, Chief Operating Officer

 

Tel: +44 (0)1372 371010

 

 

Buchanan Communications

Tim Thompson

Ben Romney

Tel: +44 (0)207 466 5000

 

 

 

finnCap

Sarah Wharry

Henrik Persson

Tel: +44 (0)207 600 1658

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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