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Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

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1.90    0.05 (2.70%)
Bid:
1.80
Ask:
2.00
Spread: 0.20 (11.111%)
Market Cap: £4.34m
SOU Live PriceLast checked at - London Stock Exchange

Intraday Sound Energy Share Chart

Response to Press Comment

15 Nov 2010 08:00

RNS Number : 1457W
Sound Oil PLC
15 November 2010
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For immediate release 15 November 2010

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Sound Oil plc

Response to Press Comment

Sound Oil plc notes the speculation in the FT over the weekend and can confirm that the company is in discussions to acquire Consul Oil and Gas, which owns a portfolio of Italian appraisal, development and exploration assets, and simultaneously undertake a placing to raise working capital for the enlarged group. The transaction is not deemed a reverse takeover under the AIM Rules for Companies. Discussions are ongoing and a further announcement will be made in due course.

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Enquiries:

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Sound Oil plc Tel: 07903 861 145

Gerry Orbell, Chairman

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finnCap Tel: 020 7600 1658

Sarah Wharry / Henrik Persson (corporate finance)

Tom Jenkins / Joanna Weaving (corporate broking)

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Buchanan Communications

Tim Thompson Tel: 020 7466 5000

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