Business
Re-opening of D150 and D148 Permit Applications
Re-opening of D150 and D148 Permit Applications.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0501R Sound Oil PLC 14 November 2012 \n \n\n 14 November 2012\n \nSound Oil plc\n(\"Sound Oil\" or \"the Company\")\n \nRe-opening of D150 and D148 Permit Applications\n \nSound Oil, the Italian focused upstream oil and gas company, announces that it has been advised by the Italian Ministry of Economic Development that it has immediately re-opened the Company's applications for two of its offshore permits; d150DR-CS (containing the Laura gas discovery) and d148DR-CS, both located in the Gulf of Taranto, southern Italy.\n \nThese two permit applications had previously been withdrawn by the Ministry in August 2011 in compliance with the environmental decree 128/2010 enacted in June 2010 (which was preventing oil and gas activity within a 5 nautical mile radius of the Italian coast). A new Law 134/2012 gazetted in August 2012 reverses this previous restriction.\n \n \nJames Parsons, Sound Oil's Chief Executive Officer commented:\n \n\"The Laura discovery (d150 DR-CS) is one of the \"hidden gems\" in the Company's portfolio and we are pleased that we shall shortly receive the formal permit award. The Company intends to prioritise the appraisal and development of this material gas field.\"\n \n \nFor further information please contact:\n \n\n\n\n\nSound Oil\nJames Parsons, Chief Executive Officer\n \n\n\[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\nWesthouse Securities - Broker\nAntonio Bossi\nJonathan Haines\n \n\n\nTel: +44 (0)20 7601 6100\n\n\n\n\nBuchanan \nTim Thompson\nHelen Chan\nTom Hufton\n \n\n\nTel: +44 (0)20 7466 5000\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBJBPTMBMBBRT\n ","length":4363,"tagName":"div"}]