Should be 10p soon anyway, so no probs.

Wouldn't argue in a years time.

I'm purely talking short term.

Who the hell knows what next week will bring!

True. Don't like the look of a few years time.

Hopefully we'll all still be here!

I see the banks are going to take another big hit with Greece. I can see some of the bigger banks in trouble (big) soon.

If that's the case then the market is only going one way.

If one is investing then a balanced portfolio of long and short would be advisable.

At least 50% will be right!

The cracks have been papered over, for now.

ttp://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/technical-analysis.html?fourWayKey=GB00B09VL556GBGBXAIM

"Settlement as of 22/07/2011, at 5:45 p.m.

Definitely a good session for Sound Oil Plc as it ends +7.56% higher. Trading commenced on a positive note for the security, which opened at 3, below the previous session's best level, and then rose steadily throughout the day. In the last week Sound Oil Plc underperformed the UK FTSE All Share index, and could fall prey to traders who are ready to exploit potential weaknesses.
Status and Trend Analysis

Technically, the medium-term trend is down, but with the 3.03 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 3.33. The most likely scenario is for a bullish recovery with resistance at 3.63 (green line in the chart).
Risk Analysis

Here is an investment for risk-loving investors, who will choose to venture large sums despite the security's high daily volatility of 6.46. With daily volume equalling 22,556,446, above the moving average of 13,654,989, Sound Oil Plc is clearly attracting interest in the market."

Marciano test results blow to Sound Oil
StockMarketWire.com
Sound Oil has received a reservoir engineering report undertaken by AGR which has analyzed pressure data from the test of the upper zone at Marciano, Italy, (1283-1288m) in respect of reserve estimates and reservoir parameters.

Unfortunately the initial gas in place in the tested reservoir interval is estimated to be insufficient for commercial production. Therefore present operations at the site will cease pending a future review of the permit.

Commenting on the update Gerry Orbell, Sound Oil's Chairman and Chief Executive Officer said:

"The news from Marciano is clearly disappointing, especially after such an encouraging initial flow rate. The Marciano project was, however, a small part of the value of our portfolio. We will now focus our efforts on the four well programme we expect to be starting in the Autumn and also preparing for pending applications in Italy which we expect to be awarded shortly."

As there is no 'bounce' in the market don't expect to see this recover in the near term.

MM's are no fools. They know if they drop it to 1p then many will get in. Because of that I would expect around the 2p mark to be the bottom, perhaps 1.75p?

RAB seem the winners.

Good to see the sp on the rise again. JO purchase of shares sends out a good
message. Keep climbing.

Another small rise today, recovering well.

RAB should be near to sold out now. Will be great having an rns saying so. Then more investors should come aboard.

RAB should be near to sold out now. Will be great having an rns saying so. Then more investors should come aboard.

Looks as though rab have finished good bounce back now. Have you looked at NEW dc I have got some--early days but very hopeful of good rewards no 2 on the risers today after a good article by Mining Maven.

Great news

Some good buying at the end of the day. UP 4.90% recovering well.

Out of funds moneyplus

Print Monday 01 August, 2011Sound Oil PLC
Operations Update
RNS Number : 4866L
Sound Oil PLC
01 August 2011



1 August 2011



Sound Oil plc

("Sound Oil" or "the Company")



Operations Update - Badile seismic





Sound Oil is pleased to announce that it has received a preliminary report from consultants ERC-Equipoise on the interpretation of 3D seismic data on its Badile permit, northern Italy. The results confirm the structural integrity and original prospective resource estimation of the Badile prospect at the Triassic carbonate level. The data will now be examined in detail to determine an optimum well location for future drilling.



Details of further progress made with the development of this resource will be announced in due course.