Sweet crude flows from Gatwick Airport oilfield
16th Feb 2016 08:10
(ShareCast News) - First ever crude oil has flowed at encouraging levels from the Horse Hill discovery well being drilled in the Weald Basin near Gatwick Airport, as anti-fracking protests reconvened nearby. The AIM-listed companies with stakes in the PEDL137 onshore exploration licence, namely UK O
Read moreSound Energy starts work on Tendrara licence
15th Feb 2016 09:26
(ShareCast News) - AIM-listed upstream gas company Sound Energy has begun ground works at the Tendrara licence area in Morocco and all contracts have now been awarded for the first well. The works include the upgrading of local infrastructure, which will be followed by the preparation of the camp an
Read moreSound Energy partners with OGIF, expands reach in Morocco
8th Feb 2016 09:33
(ShareCast News) - Sound Energy was expanding its reach in Morocco on Monday, signing an agreement with Oil & Gas Investment Fund (OGIF) for an option to acquire a 55% interest on OGIF's onshore Meridja permit. The AIM-traded upstream gas company said Meridja was adjacent to its existing Tendrara li
Read moreFirst gas for Sound Energy's Nervesa project
4th Feb 2016 16:12
(ShareCast News) - One of Sound Energy's projects hit a major milestone on Thursday, with the revelation that the company's onshore Nervesa gas discovery had reached first gas. The AIM-traded upstream gas company with a focus on the Mediterranean said the Nervesa discovery was drilled successfully b
Read moreSound Energy agrees field management deal with Schlumberger
29th Dec 2015 12:59
(ShareCast News) - Mediterranean-focused oil and gas company Sound Energy has entered into a field management agreement with an affiliate of Schlumberger Oilfield Holdings in relation to the Tendrara licence onshore Morocco. Under the terms of the agreement, Schlumberger will provide integrated t
Read moreSound Oil reshuffles non-executive board
28th Sep 2015 08:04
(ShareCast News) - Upstream oil and gas group Sound Oil has appointed Richard Liddell and Stephen Whyte as non-executive directors. The former is currently serving as chairman of Falkland Oil, having joined the board of non-executive directors at the London-listed group in 2005, while the latter spe
Read moreSound Oil expects gas production in Italy to get underway by end of the year
8th Sep 2015 14:25
(ShareCast News) - Oil and gas group Sound Oil said it expects gas production at the onshore Nervesa field in Italy to get underway before the end of the year. In a statement released on Tuesday, the London-listed group said all the required equipment and materials were on site and construction of t
Read moreSound Oil in talks to buy stake in Mahgreb's subsidiary
7th Sep 2015 14:50
(ShareCast News) - Oil and gas group Sound Oil has entered an agreement with Mahgreb Petroleum Exploration. Under the terms of the deal, Sound will have a two-month period of exclusivity to negotiate an agreement to acquire one of Mahgreb's subsidiaries, which owns a 25% stake in the Sidi Moktar lic
Read moreSound Oil surges on Shell Italia deal
6th Aug 2015 09:21
(ShareCast News) - Oil and gas investment group Sound Oil has signed a gas sales agreement for the Casa Tonetto production concession, with Shell Energy Italia Srl. In a short statement released on Thursday, the London-listed company indicated the deal with Shell Energy Italia, which is the local ar
Read moreSound Oil shares lift on production concession news
16th Jul 2015 09:08
(ShareCast News) - Shares in AIM listed Sound Oil rose on news it had regulatory clearance and could start commercial production for its Nervesa project. The share price for Sound Oil was up 5.56% to 19p in early morning trading at 0812 BST. Sound Oil said the Italian Ministry for Economic Developm
Read moreSound Oil raises £3m through open offer
24th Jun 2015 08:21
Oil and gas explorer Sound Oil has raised almost £3m through its open offer share sale. On Tuesday, the London-listed group confirmed it had received acceptances for 15.59m new shares, to be issued at 19p each. Sound offered 18.2m shares to existing investors through the open offer, with shareholde
Read moreSound Oil reshuffles its ranks following expansion in Morocco
19th Jun 2015 08:03
Oil and gas explorer Sound Oil has reshuffled its management ranks, following the group expansion into Morocco. The Mediterranean-focused group said Luca Madeddu, an existing director of the company and currently the managing director of Italian operations, will assume the role of managing director
Read moreSound Oil plunges after abandoning second appraisal well in Italy
16th Jun 2015 08:45
Shares in Sound Oil plunged over 15% early on Tuesday, as the oil and gas explorer announced it had chosen to abandon its second appraisal well at its onshore Nervesa discovery in Northern Italy. The London-listed group said gas had been found on the site, although it was unable to secure a stabilis
Read moreSound Oil shares plummet after mixed Nervesa well update
8th Jun 2015 12:10
Sound Oil fell nearly 11% on Monday following a mixed update on the company's Nervesa appraisal well in Italy. Sound Oil said it has successfully perforated and completed seven intervals in the lower section of the reservoir where the most significant gas shows were identified at the onshore Nervesa
Read moreSound Oil in negotiations to secure Moroccan licence
11th May 2015 16:13
Oil and gas explorer Sound Oil said it has been granted a month-long exclusivity period during which it could acquire a stake on the Tendrara licence in Morocco. If negotiations are successful, the Moroccan Oil and Gas Investment Fund, which currently owns the licence for the Moroccan project, will
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