Business
Response to Press Comment
Response to Press Comment.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 1457W Sound Oil PLC 15 November 2010 \n \n\nFor immediate release 15 November 2010\n \nSound Oil plc\nResponse to Press Comment\nSound Oil plc notes the speculation in the FT over the weekend and can confirm that the company is in discussions to acquire Consul Oil and Gas, which owns a portfolio of Italian appraisal, development and exploration assets, and simultaneously undertake a placing to raise working capital for the enlarged group. The transaction is not deemed a reverse takeover under the AIM Rules for Companies. Discussions are ongoing and a further announcement will be made in due course.\n \nEnquiries:\n \nSound Oil plc Tel: 07903 861 145\nGerry Orbell, Chairman \n \nfinnCap Tel: 020 7600 1658\nSarah Wharry / Henrik Persson (corporate finance) \nTom Jenkins / Joanna Weaving (...