8 Jan 2013 07:00

8 January 2013
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Sound Oil plc
("Sound Oil" or "the Company")
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Rapagnano Final Test Results
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Sound Oil, the Italian focused upstream oil and gas company is pleased to confirm a successful full production test of the Sabbie reservoir at the Rapagnano field in Italy.
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The reservoir was tested for two three-hour drawdown periods. The first period on 1/8" choke established a commercial stabilized rate of 9,500 Scmd (0.34 MMscfd) with a flowing well head pressure of 79.2 Bar (1148 psi). No water was produced during the test. The second period on 3/16" choke confirmed an increased stabilized rate of 13,600 Scmd (0.48 MMscfd) with a flowing well head pressure of 44.5 Bar (645 psi). The well is now shut in for a final build up period of twelve hours prior to retrieval of down-hole pressure gauges.
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All the rate and pressure data obtained from the flow periods were consistent with the Company's reservoir model for production of 1.3 Bscf from the field.
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James Parsons, Sound Oil's Chief Executive Officer, commented:
"I am pleased with the successful production test, which confirms our view that Sound Oil will be a gas producer very shortly.
The Company will now focus on preparations for the forthcoming Nervesa appraisal well."
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For further information please contact:
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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 |
Westhouse Securities - Broker Antonio Bossi Jonathan Haines  | Tel: +44 (0)20 7601 6100 |
Buchanan - Financial PR Tim Thompson Helen Chan Tom Hufton  | Tel: +44 (0)20 7466 5000  |
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Notes:
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1. 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.
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2. Units of flow are expressed as follows:Â Â MMscfd means millions of standard cubic feet of gas per day; Scmd means standard cubic meters of gas per day. Units of pressure are expressed in pounds per square inch (psi; 14.5 psi = 1 Bar).
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3. Bscf means billions of standard cubic feet of gas.
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