Business
Rapagnano Production Update
Rapagnano Production Update.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3385X Sound Oil PLC 10 January 2014 \n \n\n10 January 2014\n \nSound Oil plc\n(\"Sound Oil\" or \"the Company\")\n \nRapagnano Production Update\n \nSound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce an update on 2013 production at the onshore Rapagnano field.\n \nTotal 2013 production for the period May to December was 2.25 MMscm (79.45 MMscf), some 15% above budget. This was achieved without lost time incident. The average production rate was 9,770 Scmd (0.34 MMscfd) with total 2013 gas deliveries yielding revenue of circa €567,000, which is €900,000 on an annualised basis.\n \nThe Company plans to produce a further 1.2 Bscf over a twelve year period. \n \n \nFor further information please contact:\n \n\n\n\n\nSound Oil\nJames Parsons, Chief Executive Officer\nStuart Joyner, Chief Financial Officer\n \n\n\n \[email protected]\[email protected]\n \n\n\n\n\nSmith & Williamson - Nominated Adviser\nAzhic Basirov\nDavid Jones\n \n\n\nTel: +44 (0)20 7131 4000\n\n\n\n\nPeel Hunt - Broker\nRichard Crichton\nCharles Batten\n \n\n\nTel: +44 (0)20 7418 8900\n\n\n\n\n \n \nScm means standard cubic metres; Scmd means standard cubic metres per day; MMscm means million standard cubic metres; MMscf means million standard cubic feet; MMscfd means million standard cubic feet per day; Bscf means billion standard cubic feet. \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBLMLTMBMMBFI\n ","length":3910,"tagName":"div"}]