1st Oct 2015 08:11
LONDON (Alliance News) - Sound Energy PLC on Thursday said that its change of name from Sound Oil to Sound Energy has formally become effective.
The company also announced that the ground works at the onshore Nervesa gas discovery in Italy commenced on Thursday, and can be viewed through live webcam coverage at the Sound Energy Launch event in London Thursday afternoon and also through Sound Energy's website.
"The launch of Sound Energy aligns the company's external branding with its strategy and asset portfolio. Sound Energy is now positioned as a well-funded Mediterranean exploration and production company with an institutional cornerstone investor and strong liquidity," Chief Executive James Parsons said in a statement.
"First gas at the onshore Nervesa gas discovery, which we expect later this year, will be a key strategic milestone for the company," he added.
Shares in Sound Energy were trading up 2.8% at 14.65 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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