Out-going Ocado co-founder offloads 15m pounds of shares
6th Feb 2014 14:36
Jason Gissing, the out-going Commercial Director of Ocado who co-founded the online grocery group in 2000, sold over 15m pounds-worth of shares in the company on the same day he announced his resignation. Gissing, who is stepping down at the group's annual general meeting in May, offloaded 3.05m sh
Read moreSound Oil signs land lease deal in Italy
28th Jan 2014 08:59
Sound Oil, a Europe and Mediterranean focused upstream oil and gas company, has signed a land lease agreement in northern Italy. The contract covers 18,300 square metres of plan for a period of two years at the Nervesa discovery on the Carita permit, where Sound plans to drill a second well to app
Read moreSound Oil reports positive well test in Northern Italy
4th Sep 2013 09:04
Sound Oil, a company focused in Europe and the Mediterranean, has announced a positive well test at the onshore Nervesa discovery in Northern Italy. The well test achieved a stabilised total gas flow rate of 2.7m square cubic feet per day (scfd) from multiple sandstone intervals. The group also
Read moreSector movers: Shell dampens oil sector as earnings slump
1st Aug 2013 14:53
A cool reaction to second-quarter results from Royal Dutch Shell meant that the oil and gas sector was the worst performing category of the day on Thursday as the oil major's earnings sank sharply year-on-year. Shell's earnings, on a current cost of supplies (CCS) basis, dropped to $2.4bn from $6.0
Read moreSound Oil completes drilling Italian Nervesa well
11th Jun 2013 13:52
Sound Oil, the AIM-listed Italian focused upstream oil and gas company has reported that the Nervesa appraisal well has successfully completed drilling of the 16" hole section through the Plio-Pleistocene gravel formations to a depth of 322m. The company added that operations were in progress to
Read moreSound Oil upbeat after transitional year
30th May 2013 12:08
Shares of Italy focused upstream oil and gas firm Sound Oil rose after it trimmed annual losses in what it described as a transitional year. The group, which sold off its non-operated Indonesian assets, said loss before income tax reduced to £4.8m for the year ended December 31st 2012 from £5.6m a
Read moreSound Oil: first gas delivery from Rapagnano field completed
16th May 2013 13:29
Sound Oil, the Italian focused upstream oil and gas company, has reported that first gas was delivered from the onshore Rapagnano field to the local gas distributor on May 15th 2013. The initial production rate was 0.50m standard cubic feet per day (MMscfd). Under the gas sales agreement with St
Read moreDrilling at Sound Oil's Nervesa Well to commence before June
7th May 2013 08:07
Sound Oil, the European-focused upstream oil and gas company, has reported that drilling of the Nervesa appraisal well in onshore Italy is expected to take place later this month. In a project update issued on Tuesday, the company reported that it had been advised by the owner of the contracted Dr
Read moreSound Oil reports successful commissioning of Rapagnano gas field
22nd Apr 2013 11:47
Sound Oil, the Italian focused upstream oil and gas company, has reported that on April 19th, UNMIG (the Italian Ministry of Economic Development) completed a successful commissioning inspection of the onshore Rapagnano gas field, with the endorsement of the local fire brigade. Gas production is e
Read moreSound Oil unveils results of open offer
22nd Mar 2013 07:49
Sound Oil, the Italian focused upstream oil and gas company, has said it received acceptances for 605,662 open offer shares at 8.073p per new ordinary share. The offer, which was announced following a private placement process, was made to eligible shareholders on the basis of 43.15823 open offer
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreSound Oil revises drilling plans in Italy
27th Feb 2013 09:11
Sound Oil announced plans Wednesday to revise its drilling operations in Italy in an effort to increase return to shareholders. The company said reshaping its drilling it will increase "upside exposure" for investors, as well as balancing risk and reward. A second well will be drilled at the Nerve
Read moreSound Oil turns down offer for Badile prospect in Italy
19th Feb 2013 09:06
Sound Oil said Tuesday it turned down a farm-in agreement for its Badile exploration prospect in northern Italy. The company received an offer from an undisclosed Italian oil and gas major, but decided to retain its wholly-owned operated position at the prospect, saying: "The offer did not reflect
Read moreParsons: Sound Oil progress hit by Italian approval processes
1st Feb 2013 09:51
AIM-listed upstream oil and gas company Sound Oil has admitted that operations at two of its plants are progressing slower than the company would like as a result of issues relating to the Italian government´s approval processes. In a portfolio update issued on Friday morning, the company stated th
Read moreSound Oil receives approval for Nervesa appraisal well
22nd Jan 2013 08:45
Sound Oil shares soared above 12 per cent Tuesday after the Italian-focused oil and gas company announced it was given the green light for the Nervesa appraisal well. The group said it successfully concluded the 'Conferenza Servizi' process - the last step in the Ministry of Economics Development
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