Sound Oil Authorized to Drill 2nd Well on Carita License
Italy-focused junior energy firm Sound Oil reported Tuesday that it has received drilling authorization from the Italian Ministry of Economic Development for the second well in the Carita license, which includes the Nervesa gas discovery in northern Italy.
Sound said that the authorization means that there are now no further outstanding regulatory consents required before the start of drilling of the well.
Sound CEO James Parsons commented in a company statement:
"The second Nervesa well initiates Sound Oil's busy 2015 drill program. We look forward to updating investors on the commencement of drilling and on the achievement of operational milestones.
"I will also be inviting investors to observe the operations through a daily webcam facility which has been installed on site, details of which will be made available shortly."
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