Sound Oil to Begin Drilling at Exploration Well in Italy

Sound Oil announced that Hydro Drilling International have mobilized the MR4000 drilling rig to the Casa Tiberi-1 wellsite, located at Falconara, Ancona, central Italy. Rigging up is expected to take five days and drilling operations are expected to start within one week.

Casa Tiberi-1 will be drilled to a total depth of 700 m to test the hydrocarbon potential of Pliocene sands. The well is expected to take 10 days to complete.

Commenting on this news Gerry Orbell, Sound Oil's Chairman and Chief Executive Officer, said, "Casa Tiberi-1 will be the Company's first operated exploration well and the start of a very active operations program over the next year. This program is expected to involve three operations in Italy, five exploration wells in Indonesia and the development of the Kerendan gas field."