Parsons: 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
Read moreSound Oil reveals strong funding position
16th Jan 2013 10:43
Sound Oil on Wednesday reported a strong funding position ahead of its Nervesa appraisal well. The Italy-focused oil and gas company added 5.99% at 10:49 after it unveiled a cash balance of $12.4m with no debt. The group expects to start the appraisal drilling on the Nervesa discovery with a cash
Read moreSound Oil reports of successful production test
8th Jan 2013 13:13
Sound Oil, an oil and gas company based in Italy, has reported the Sabbie reservoir at the Rapagnano field flowed at a stabilised rate of 0.48m standard cubic feet per day during the second of two three-hour drawdown periods. The well is now shut in for a final build up period of twelve hours prio
Read moreSound Oil reports success of initial operation at Rapagnano
7th Jan 2013 08:56
Sound Oil, an oil and gas company based in Italy, has reported the success of its initial operation at the Rapagnano field, where flow rates and pressure are in line with its expectations. The firm said that once it had cleared the site the Rapagnano-1 well was re-entered and it was able to comple
Read moreSalamander Energy buys Mitra Energia from Sound Oil
12th Dec 2012 09:12
Salamander Energy, the FTSE 250 oil and gas group, has agreed to acquire the share capital of Mitra Energia Bangkanai from AIM-listed group Sound Oil. Mitra has a five per cent holding in the Bangkanai production sharing contract (PSC), located in Indonesia, boosting its stake in the licence to 85
Read moreSound Oil reports good progress towards first gas
4th Dec 2012 08:01
Sound Oil, an Italian focused upstream oil and gas company, has reported that following a concession award announced last week, it now anticipates gaining access to the Rapagnano Field in Marche, of which it is the operator, on Thursday 6th and beginning site operations in the following week. It s
Read moreSound Oil gets approval from authorities for Nervesa well
8th Nov 2012 12:08
Sound Oil, an Italian focused upstream oil and gas company, has received formal approval from the Treviso Province authorities of the Environmental Impact Assessment for the Nervesa appraisal well. The company says it expects final approval from the Italian Ministry of Economic Development will fol
Read moreSound Oil agrees contract deal with Italian engineering firm
24th Oct 2012 08:25
Sound Oil, an Italian focused upstream oil and gas company, has announced a funding contract for the Nervesa project with the Italian engineering company CSTI. Under the agreement CSTI will fund €1.5m towards the appraisal well in three tranches, equivalent to about half of the remaining spend of
Read moreSound Oil secures rig for Nervesa well
22nd Oct 2012 11:09
Sound Oil, the Italy-focused upstream oil and gas company, has secured a rig for the forthcoming Nervesa appraisal well. Sound expects to drill the appraisal well at the end of the year, once final governmental approval has been given. James Parsons, Sound Oil's Chief Executive Officer, commented:
Read moreResources round-up: Mediterranean Oil & Gas, Amerisur, Sound Oil
11th Oct 2012 14:09
Mediterranean Oil & Gas has announced that two Non-Executive Directors of the company, Salvatore Russo and Michael Seymour, will step down from the board with immediate effect. Enrico Testa, the Chairman of the Board of Telit Communications, has been appointed into the role with immediate effect. He
Read moreSound Oil soars as drilling starts on Geulis exploration well
2nd Oct 2012 13:14
Shares in Sound Oil, an upstream oil and gas company with assets in Italy and Indonesia, leapt by more than a third on Tuesday after the company told investors drilling has begun on the Geulis-1 exploration well in Indonesia. The firm said the hole will be drilled to a total measured depth of 3,93
Read moreResource round-up: Sound Oil, Victoria Oil & Gas, Max Petroleum
1st Oct 2012 14:06
Sound Oil jumped 16% after it said received approval key environmental approvals from regional authorities in Italy to re-start gas production at its Rapagnano field. It is expected that the final approval from the Italian Ministry of Economic Development will follow in a month, the firm said. Ope
Read moreSound Oil signs funding deal with new engineering contractor
1st Aug 2012 09:59
Sound Oil, an upstream oil and gas company with assets in Italy and Indonesia, has appointed Italian engineering company CSTI as its engineering contractor for the Rapagnano Gas Field, onshore Italy, and has also signed an associated funding contract with CSTI. CSTI will undertake the surface and
Read moreSound Oil in chunky share issue
16th Jul 2012 08:54
Sound Oil, an upstream oil and gas company with assets in Italy and Indonesia, is to tap the market to fund operations in both countries. The company plans to issue 774m shares for variable amounts, with the issue prices set at the end of seven separate trading periods, beginning July 25th and fin
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