Sound Energy Expects to Receive Permission to Drill Badile Well in May
Sound Energy revealed Thursday that it expects to receive written permission to drill a well in the Badile permit in northern Italy from the Italian Ministry of Economic Development (UNMIG) in May.
The European/Mediterranean focused upstream gas company made the announcement following the final approval meeting for the well, which was “successfully concluded”, according to a company statement.
The Badile permit is situated in the Piedmont Lombard Basin where the principal play is “oil, gas and condensate in deep Triassic dolomites and limestones,” according to a statement on Sound Energy’s website. Sound holds a 100 percent working interest in the permit, which has prospective resourcs of 178 billion cubic feet of gas.