Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.00
Bid: 0.992
Ask: 0.996
Change: 0.164 (19.62%)
Spread: 0.004 (0.403%)
Open: 1.18
High: 1.24
Low: 0.922
Prev. Close: 0.836
SOU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rapagnano Final Test Results

8 Jan 2013 07:00

RNS Number : 0118V
Sound Oil PLC
08 January 2013
 



8 January 2013

 

Sound Oil plc

("Sound Oil" or "the Company")

 

Rapagnano Final Test Results

 

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.

 

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.

 

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.

 

 

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."

 

 

 

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

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

 

 

Notes:

 

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.

 

2. Units of flow are expressed as follows:  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).

 

3. Bscf means billions of standard cubic feet of gas.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUBVBROKAARAR
Date   Source Headline
3rd Feb 20204:35 pmRNSPrice Monitoring Extension
27th Jan 20202:58 pmRNSIssue of Equity, Director Shareholding and TVR
23rd Jan 20203:58 pmRNSDirectorate Changes
20th Jan 20205:16 pmRNSDirectorate Change
13th Jan 20207:00 amRNSEastern Morocco Portfolio Update
8th Jan 202012:07 pmRNSSecond Price Monitoring Extn
8th Jan 202012:02 pmRNSPrice Monitoring Extension
2nd Jan 20207:00 amRNSUpdate re Tendrara Gas Sales Agreement MOU
20th Dec 20194:40 pmRNSSecond Price Monitoring Extn
20th Dec 20194:35 pmRNSPrice Monitoring Extension
18th Dec 201911:22 amRNSResult of Placing
18th Dec 20198:02 amRNSProposed Placing
22nd Nov 201912:07 pmRNSSecond Price Monitoring Extn
22nd Nov 201912:02 pmRNSPrice Monitoring Extension
19th Nov 20191:30 pmRNSEIA Approval : Sidi Moktar 2D seismic acquisition
13th Nov 20194:40 pmRNSSecond Price Monitoring Extn
13th Nov 20194:35 pmRNSPrice Monitoring Extension
13th Nov 201912:08 pmRNSSecond Price Monitoring Extn
13th Nov 201912:02 pmRNSPrice Monitoring Extension
12th Nov 20193:53 pmRNSSuccession Planning and Board Changes
7th Nov 20197:00 amRNSBoard Change
6th Nov 20197:00 amRNSAgreement
31st Oct 20194:40 pmRNSSecond Price Monitoring Extn
31st Oct 20194:35 pmRNSPrice Monitoring Extension
30th Oct 20197:00 amRNSTendrara Gas Sales Agreement: Signature of MOU
17th Oct 20194:40 pmRNSSecond Price Monitoring Extn
17th Oct 20194:35 pmRNSPrice Monitoring Extension
1st Oct 20194:52 pmRNSTVR and Block Admission Interim Review
19th Sep 20197:00 amRNSHalf-year Report
30th Aug 20194:09 pmRNSTotal Voting Rights
14th Aug 20197:00 amRNSBoard Change Update
31st Jul 20192:14 pmRNSTotal Voting Rights
16th Jul 20192:02 pmRNSIssue of Equity and Total Voting Rights
28th Jun 20191:54 pmRNSTotal Voting Rights
18th Jun 20197:00 amRNSPlacing, Cost Reduction Update and TVR
28th May 20194:27 pmRNSDirector/PDMR Shareholding
23rd May 20192:32 pmRNSDirector/PDMR Shareholding
23rd May 20197:00 amRNSBoard Changes
22nd May 20192:48 pmRNSResult of AGM
22nd May 20197:00 amRNSStrategic and Operational Update
21st May 20191:35 pmRNSTE-10 Well Test Result and Exploration Update
14th May 20197:00 amRNSBoard Change
8th May 20197:00 amRNSOperational Update: Eastern Morocco
1st May 20197:00 amRNSTendrara Gas Sales Agreement Update
29th Apr 20197:00 amRNSFurther Update re TE-10: Rigless Well Testing
25th Apr 20193:42 pmRNSAnnual Report and Notice of AGM
16th Apr 20194:27 pmRNSAnoual: Schlumberger Direct Licence Position
2nd Apr 20194:03 pmRNSTE10: Rigless Well Testing Timing Update
1st Apr 201910:07 amRNSTVR and Block Admission Interim Review
25th Mar 20197:00 amRNSTendrara: Update on TE-7 Connected Gas Volume

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.