21st Nov 2011 07:00
21 November 2011
Sound Oil plc
("Sound Oil" or "the Company")
Operations update: Casa Tiberi-1 well, Montemarciano Permit
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce that the Casa Tiberi-1 exploration well, operated by its wholly-owned subsidiary Apennine Energy, has been successfully completed. The well achieved a gas flow rate of 26,000 scmd (approximately 0.91 MMscfd) on a restricted choke during clean-up operations. The well is currently being suspended and the drilling rig demobilised. The Company will study data from the well to determine a programme for additional testing of the well and subsequent potential commercial production of the discovery.
For further information please contact:
Sound Oil Gerry Orbell, Chairman and Chief Executive Michael Cope, Chief Operating Officer
| Tel: +44 (0)1372 365745 |
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones
| Tel: +44 (0)20 7131 4000 |
Investec - Broker Charles Batten David Flin Adam Strachan
| Tel: +44 (0)20 7597 4000 |
Buchanan Tim Thompson Ben Romney Helen Chan
| Tel: +44 (0)20 7466 5000 |
The information contained in this announcement has been reviewed by Dr M. J. Cope BSc PhD CGeol FGS, a qualified petroleum geologist. scmd means standard cubic metres per day; MMscfd means million standard cubic feet per day.
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