20th May 2015 09:08
LONDON (Alliance News) - Mediterranean-focused oil and gas company Sound Oil PLC on Wednesday said the second well at the Nervesa project in Italy has been drilled to total depth.
The company said mud log gas shows were recorded in the target reservoir zones, and the wireline logging has confirmed the presence of various gas bearing levels.
Sound Oil will now work on completing the well and will conduct testing thereafter.
Shares in Sound Oil were down 5.1% to 22.7749 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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