Sound Oil commences 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.