Operations update: Casa Tiberi-1 well

RNS Number : 4182S

Sound Oil PLC

21 November 2011

 



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: [phone]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones	Tel: [phone]
Investec - Broker Charles Batten David Flin Adam Strachan	Tel: [phone]
Buchanan Tim Thompson Ben Romney Helen Chan	Tel: [phone]

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.

 

END

 

 

DRLBMBBTMBBTTPB