Business
Santa Maria Goretti Permit Award
Santa Maria Goretti Permit Award.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1602W Sound Oil PLC 23 December 2013 \n \n\n23 December 2013\n \nSound Oil plc\n(\"Sound Oil\" or the \"Company\")\n \nSanta Maria Goretti Permit Award\n \nSound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce the award of the Santa Maria Goretti Permit (\"SMG Permit\") from the Italian Ministry of Economic Development. \n \nThe onshore SMG Permit sits in the Marche Region in Italy, covers an area of 101km2 and is owned 100% by Sound Oil. The SMG Permit area contains the southern extension of two significant producing gas fields, which are operated by ENI in the adjacent permit. Sound Oil's internal seismic evaluation and reservoir studies are very encouraging and the Company plans to submit a drilling application early in 2014 to appraise the reservoir. \n \nJames Parsons, Sound Oil's Chief Executive Officer, commented:\n \n\"This is an important permit award for Sound Oil which unlocks another material low risk discovery in the portfolio and further demonstrates our continued capability to navigate the Italian permitting process. ENI's adjacent gas fields have been producing for over 30 years and the southern extension within the SMG Permit area is believed to be undrained. A CPR on this opportunity, which is potentially larger than Nervesa, will be commissioned shortly.\"\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\nPeel Hunt - Broker\nRichard Crichton\nCharles Batten\n \n\n\nTel: +44 (0)20 7418 8900\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCQBLFLXLFLFBK\n ","length":4230,"tagName":"div"}]