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Sound Oil receives Nervesa EIA final approval


Published Dec 15, 2014
Sound Oil-2

Sound Oil has received the final EIA approval from the Veneto Region for the second Nervesa appraisal well, which will seek to confirm and develop the Southern discovery.

The drilling authorisation from the Italian Ministry of Economic Development is expected later this month and operations on site are ready to commence.

James Parsons, Sound Oil's Chief Executive Officer commented, "Nervesa remains a flagship project for Sound Oil with an estimated NPV10 of circa US$66 million. The drilling of the next well commences shortly and will signal the start of an exciting period of back-to-back drilling with the Badile well followed by both the SMG and Laura wells. "

Tags: Sound Oil plc




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