Nervesa Drilling Authorisation

RNS Number : 0598F
Sound Oil PLC
17 February 2015
 



17 February 2015

 

Sound Oil plc

("Sound Oil" or the "Company")

 

Nervesa Drilling Authorisation and Commencement of Site Operations

 

Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce that it has received drilling authorisation for the second well in the Carita licence from the Italian Ministry of Economic Development. The Carita licence includes the Nervesa gas discovery.

 

There are no further outstanding regulatory consents required before the commencement of drilling and operations to prepare the site for the arrival of the rig have now begun.

 

 

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

 

"The second Nervesa well initiates Sound Oil's busy 2015 drill programme.  We look forward to updating investors on the commencement of drilling and on the achievement of operational milestones.

 

I will also be inviting investors to observe the operations through a daily webcam facility which has been installed on site, details of which will be made available shortly."

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

 

Tel: +44 (0)20 7016 9573

Sound Oil

James Parsons, Chief Executive Officer

 

j.parsons@soundoil.co.uk

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes

 

Tel: +44 (0)20 7131 4000

Peel Hunt - Broker

Richard Crichton

Charles Batten

 

Tel: +44 (0)20 7418 8900

 

 


This information is provided by RNS
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