Sound Oil PLC Nervesa Second Well - Drilling Commences (1956L)
April 24 2015 - 1:00AM
UK Regulatory
TIDMSOU
RNS Number : 1956L
Sound Oil PLC
24 April 2015
24 April 2015
Sound Oil plc
("Sound Oil" or the "Company")
Nervesa Second Well - Drilling Commences
Sound Oil, the European / Mediterranean focused upstream oil and
gas company, is pleased to confirm the commencement of drilling of
the second well at the Nervesa site in the Veneto Region, onshore
Italy.
Site preparations were materially completed on 10 April 2015 -
with the installation of a 20 inch conductor to a depth of 44
metres. The rig-up of the hydraulic HH220 rig, contracted from
Hydrodrilling SrL, then commenced on Monday 13 April 2015.
With the rig-up completed in 10 days, the second Nervesa well
was spudded on 23 April 2015. Drilling is expected to reach a total
measured depth of 2054 metres and the drilling programme is
expected to be completed in approximately 40 days, delivered in the
following key phases:
-- Drilling and logging (approximately 30 days)
-- Completion and clean up (approximately 5 days)
-- Well testing (up to 5 days)
The Company looks forward to updating shareholders on drilling
progress. The results of the second Nervesa well will be announced
after well testing is complete.
For further information please contact:
Vigo Communications - PR Tel: +44 (0)20
Adviser 7016 9573
Patrick d'Ancona
Chris McMahon
Sound Oil j.parsons@soundoil.co.uk
James Parsons, Chief Executive
Officer
Smith & Williamson - Nominated Tel: +44 (0)20
Adviser 7131 4000
Azhic Basirov
David Jones
Ben Jeynes
Peel Hunt - Broker Tel: +44 (0)20
Richard Crichton 7418 8900
Charles Batten
This information is provided by RNS
The company news service from the London Stock Exchange
END
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