Sound Oil Company News
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Sound Gets Closer to Securing Rig for Badile Drill
Monday, February 29, 2016Sound Oil signs a memorandum of understanding with Pergemina that sees it get closer to securing a rig to drill its Badile exploration well in northern Italy.
Sound Energy All Set to Drill First Moroccan Well
Monday, February 15, 2016Sound Energy says that ground works have started on its Tendrara license area, onshore eastern Morocco, in preparation for its first well on the license.
Sound Energy Confirms Clean-Up Operations at Nervesa
Tuesday, February 09, 2016Sound Energy confirms that clean-up operations are continuing at its onshore Nervesa gas discovery after first gas was achieved earlier this month.
Sound Buys Stake in Sidi Moktar Licenses Onshore Morocco
Thursday, January 14, 2016Sound Energy agrees to buy a 25% working interest in three onshore gas permits located in Morocco.
Sound Oil Makes Board Changes
Monday, September 28, 2015Sound Oil appoints 2 new non-executive directors following the resignation of Andrew Hockey and Gerry Orbell.
Sound Oil Agrees Italy Gas Deal with Shell
Thursday, August 06, 2015Junior energy firm Sound Oil agrees a gas sales deal for its Casa Tonetto production concession with Shell Energy Italia.
Sound Oil to Begin Commercial Production from Nervesa Well
Thursday, July 16, 2015Sound Oil can begin commercial production from the Nervesa well, onshore Italy, following the Italian Ministry of Economic Development's decision to award the company a production concession for the project.
Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Tuesday, June 30, 2015Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects.
Sound Oil Appoints Morocco Country Manager
Friday, June 19, 2015Sound Oil appoints Luca Madeddu to be the firm's managing director in Morocco.
Sound Oil Abandons 2nd Nervesa Appraisal Well
Tuesday, June 16, 2015Sound Oil abandons the second appraisal well on its Nervesa discovery pending a possible sidetrack at the well.
Sound Enters Morocco with Farm-In Deal
Monday, June 08, 2015Sound Oil enters into the Moroccan oil and gas sector after agreeing to farm into the onshore Tendrara license.
Sound Sees Gas at 2nd Nervesa Well, Receives Investment
Wednesday, May 20, 2015Italy-focused Sound Oil reports that the second well drilled on its Nervesa asset has gas shows, while confirming it has received the first tranche of an $18.75-million equity placing.
Sound Oil Begins Drilling Second Nervesa Well
Friday, April 24, 2015Onshore Italy-focused Sound Oil begins the drilling of a second well on its Nervesa gas field.
Nervesa Gas Field Gets Environmental OK
Friday, April 17, 2015Sound Oil says it is set to receive the go-ahead to produce from its Nervesa gas field in northern Italy after getting environmental approval from the Veneto region.
Sound Oil Authorized to Drill 2nd Well on Carita License
Tuesday, February 17, 2015Sound Oil receives drilling authorization to drill a second well on the Carita license, onshore northern Italy.
Sound Oil Closer to Nervesa Production after Receive EIA Technical Approval
Tuesday, February 10, 2015Sound Oil receives technical approval of the Environmental Impact Assessment for the development of its Nervesa gas discovery in northern Italy.
Sound Oil Signs Gas Sales Agreements
Monday, October 13, 2014Italy-focused Sound Oil signs gas sales agreements for two fields, and agrees a deal to purchase land for its Badile exploration well.
Sound Prioritizes Resources towards Badile Drill in 2015
Wednesday, September 17, 2014Sound Oil Chairman Simon Davies says the firm is prioritizing its human and capital resources towards the drilling of its onshore Badile asset in early 2015.
Sound Oil Promotes Italy MD to its Board
Monday, September 08, 2014Sound Oil appoints Luca Madeddu, its managing director for Italy, to its board of directors.
Sound Oil Purchases Drill Site Ahead of Badile Spud
Thursday, August 07, 2014Sound Oil says it is paying $2.4 million for a plot of land in Lombardy, Italy, which will host the drill site for its Badile exploration well.
Sound Oil Appoints New Director
Thursday, July 17, 2014Junior energy firm Sound Oil appoints Marco Fumagalli of Continental Investment Partners as a non-executive director.
Sound Sees 'Significant Upgrade' to Onshore Italy Prospect
Tuesday, July 15, 2014Sound Oil reports that a competent person's report has significantly upgraded resources at its Santa Maria Goretti gas prospect, onshore Italy.
Rapagnano Gas Reserves Upgraded by 31%
Monday, June 09, 2014Sound Oil upgrades proven reserves at the Rapagnano gas field, onshore Italy, by 31 percent to 1.06 billion cubic feet of gas.
Sound Farms Down Nervesa Stake to Niche Group
Monday, April 28, 2014Sound Oil agrees to farm down to Niche Group a 27.5% interest in the onshore Carita license, which contains the Nervesa gas discovery.
Sound Raises Funds for Onshore Italy Drilling
Friday, April 25, 2014Sound Oil raises $23.5 million to fund drilling over the next year on its Nervesa and Badile assets, onshore Italy.
Sound Progresses 2nd Nervesa Well with Land Lease
Tuesday, January 28, 2014Sound Oil makes progress with its preparations for a second well on its Nervesa discovery, onshore Italy, after signing a land lease contract for the well.
Sound Confirms 24-month Italian Work Program
Tuesday, January 14, 2014Sound Oil says its 24-month work program for Italy will be focused on accelerating material cash flows from existing discoveries, while also prioritizing high-upside exploration prospects.
Sound Upgrades Gas Resources at Badile Prospect
Tuesday, October 08, 2013Junior explorer Sound Oil says an independent competent person's report has significantly increased prospective resources at its Badile prospect onshore Italy.
Successful Nervesa Well Test for Sound Oil
Wednesday, September 04, 2013Italy-focused Sound Oil reports that it has successfully tested its Nervesa well in northern Italy.
Sound Expects Nervesa Well Testing By End August
Friday, August 09, 2013Sound Oil expects to see well testing at its Nervesa gas asset, onshore Italy, by the end of August.
Sound Oil Appoints New CFO
Thursday, July 18, 2013Sound Oil appoints investment banker as its new CFO.
Sound Hits Gas with Nervesa Well
Wednesday, July 17, 2013Sound Oil reports that it has made a gas discovery at its Nervesa well, onshore Italy.
Sound's Nervesa Well Reaches Total Depth
Monday, July 15, 2013Sound Oil says the appraisal well on its Nervesa discovery has reached its total depth of 7,145 feet.
Sound Oil Forced to Sidetrack Nervesa Well
Monday, June 24, 2013Following unsuccessful attempts to free the pipe, corrective action has been taken to cut the drill string at 2,904 feet, plug back with cement and drill a sidetrack, reported Dow Jones Newswires.
Sound Finally Spuds Nervesa Well
Friday, June 07, 2013Italy-focused Sound Oil spuds Nervesa well after previously saying it would begin drilling by the end of May.
Rig Released for Nervesa Drill
Friday, May 17, 2013Sound Oil reports that the rig it will use on its Nervesa asset, onshore Italy, has been released from operations in the Netherlands.
Sound Expects to Spud Nervesa by End May
Tuesday, May 07, 2013Sound Oil says it expects to spud its Nervesa appraisal well, onshore Italy, by the end of May now that the rig has become available.
Sound Oil Enhances Badile Drilling Program
Wednesday, April 24, 2013Sound Oil makes enhancements to its Badile drilling program designed to reduce the complexity and cost of the project.
Sound to Spud Nervesa Well Within Weeks
Thursday, March 28, 2013Sound Oil expects to spud its first appraisal well on its onshore Nervesa discovery within weeks, after rig is released from Netherlands drilling.
Sound Oil Revises Schedule to Accelerate Cash Flow
Wednesday, February 27, 2013Sound Oil is revising its drilling schedule to accelerate cash flow from its Nervesa discovery and to preserve cash for its most material prospects.
Sound Opts to Keep All of its Badile Prospect
Tuesday, February 19, 2013Italy-focused Sound Oil decides to keep its entire 100-percent interest in its Badile prospect despite a farm-in offer from an unnamed Italian oil and gas major.
Sound Oil Secures Rig for Nervesa Appraisal
Thursday, February 14, 2013Sound Oil announced the signature of a rig contract with LP Drilling SrL for the forthcoming Nervesa appraisal well in Northern Italy.
Sound Oil May Accelerate Laura Field Development
Friday, February 01, 2013Sound Oil says it is in discussions with the Italian government about expediting its Laura field development in the Gulf of Taranto.
Sound to Hear of Nervesa Go-Ahead Soon
Tuesday, January 22, 2013Sound Oil says it has successfully concluded the 'Conferenza Servizi' process for its Nervesa appraisal well and expects authorization to begin drilling by the end of January.
Sound Oil in Strong Position ahead of Appraisal Well
Wednesday, January 16, 2013Italy-focused Sound Oil says it is in a strong funding position ahead of the drilling of its Nervesa appraisal well.
Sound Completes Full Production Test at Rapagnano Field
Tuesday, January 08, 2013Sound Oil reports that it has completed a full production test at its Rapagnano field in northern Italy, with all flow rate and pressure data consistent with its model for the production of 1.3 billion cubic feet of gas.
Italian Juniors Report Positive Progress
Monday, January 07, 2013Sound Oil reports a successful initial operation at its onshore Rapagnano field, while Mediterranean Oil & Gas announces a positive operational update.
Italy Focus for Sound after Indonesia Exit
Wednesday, December 12, 2012Sound's sale of Indonesian subsidiary allows firm's management to focus more on its core Italian assets.
Sound Oil on Track for First Gas Sales
Friday, November 30, 2012Sound Oil has signed a gas sales agreement to sell gas from its Rapagnano field in northern Italy.
Offshore Italian Permits Re-Opened for Sound Oil
Wednesday, November 14, 2012The Italian Ministry of Economic Development has re-opened Sound Oil's applications for two of its offshore permits.