oilwatch
- 20 Jun 2007 14:14
dreamcatcher
- 25 Aug 2011 22:37
- 161 of 523
Sounds like the presentation went well from the statements from investors attending
from the interactive investor ii site. Should make tomorrow an interesting day for sound oil.
dreamcatcher
- 26 Aug 2011 06:11
- 162 of 523
Gerry confirmed in presentation Rab have not been selling.
dreamcatcher
- 30 Aug 2011 22:57
- 163 of 523
dreamcatcher
- 02 Sep 2011 13:43
- 165 of 523
Thanks markymar, lets hope the future comes right for this company.
dreamcatcher
- 05 Sep 2011 16:04
- 166 of 523
Monday 05 September, 2011Sound Oil PLC
Directorate Change
RNS Number : 5575N
Sound Oil PLC
05 September 2011
5 September 2011
Sound Oil plc
("Sound Oil" or "the Company")
Board appointment
Sound Oil (AIM:SOU), the upstream oil and gas company with assets in Italy and Indonesia, confirms that the previously announced appointment of Tony Heath as a non-executive director of the Company takes effect today as does his retirement as Chief Financial Officer and the appointment of James Parsons as Chief Financial Officer in Mr Heath's place.
For further information please contact:
Sound Oil
Gerry Orbell, Chairman and Chief Executive
Tel: +44 (0)1372 365745
Smith & Williamson - Nominated Adviser
Azhic Basirov
David Jones
Tel: +44 (0)20 7131 4000
Investec - Broker
Charles Batten
David Flin
Adam Strachan
Tel: +44 (0)20 7597 4000
Buchanan Communications
Tim Thompson
Ben Romney
Helen Chan
Tel: +44 (0)20 7466 5000
Additional information on John Anthony Heath (aged 74)
The following are Mr Heath's current directorships and those held within the last five years:
Current
Past
Premier Pension Plan Trustee Limited
Sound Oil plc (resigned 30 June 2010)
Mr Heath owns 827,586 ordinary shares in the Company and holds options over 4,735,000 ordinary shares with an average exercise price of 3.49p per share.
This information is provided by RNS
The company news service from the London Stock Exchange
dreamcatcher
- 23 Sep 2011 17:36
- 167 of 523
dreamcatcher
- 23 Sep 2011 17:39
- 168 of 523
RAB only have 80 million left, 4.99%. A very late RNS when the thresh holds were breached in July and Aug.
dreamcatcher
- 23 Sep 2011 18:38
- 169 of 523
Sound Oil plc, the oil and gas company with assets in Italy and Indonesia, will announce interim results for the six months ended 30 June 2011 on Thursday 29 September 2011
dreamcatcher
- 23 Sep 2011 20:03
- 170 of 523
post 162, as a lot of investors seem to be asking gerry said at the presentation Rab were not selling and they clearly have been.
dreamcatcher
- 24 Sep 2011 07:47
- 171 of 523
The Rns will be positive for Monday. The city may be back on Sounds side. Anylists will be at the meeting for the annouincement of the results. So perhaps this share will
start to make progress.
dreamcatcher
- 25 Sep 2011 19:48
- 172 of 523
dreamcatcher
- 25 Sep 2011 20:07
- 173 of 523
dreamcatcher
- 29 Sep 2011 07:10
- 174 of 523
Print Thursday 29 September, 2011Sound Oil PLC
Operations Update
RNS Number : 1492P
Sound Oil PLC
29 September 2011
29 September 2011
Sound Oil plc
("Sound Oil" or "the Company")
Award of Costa Del Sole Permit, Sicily, Italy
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce the award of the Costa Del Sole Permit, onshore Sicily to the Company's wholly owned subsidiary Apennine Energy srl. Apennine Energy will be the 100% interest holder and operator of the permit. The award is made by the Department of Energy of the Sicily Region subject to the submission and acceptance of an Environmental Impact Assessment. Apennine Energy will submit the necessary documentation in the next few days.
Costa Del Sole is located in the southwest coastal region of Sicily in an area of known heavy oil discoveries and producing fields. The permit contains the Manfria-1bis oil discovery which flowed at a rate of 150 bopd and produced a cumulative 6,000 barrels during testing. It is estimated to contain P50 contingent resources of approximately 2 MMbo. An un-drilled prospect (Cielo) is adjacent to the discovery and could contain a similar resource if successfully drilled. Cielo appears to be in structural continuity with Manfria indicating a possible shared oil water contact and increased chance of hydrocarbon charge to the prospect. Both discovery and prospect are located approximately 10 km from the Gela field and heavy oil refinery. The forward strategy for the block would be to acquire, reprocess and interpret legacy seismic data in order to define drilling locations for possible appraisal and exploration wells.
Commenting on this announcement Gerry Orbell, Sound Oil's Chairman and CEO said:
"I am pleased that this award continues the expansion of the Apennine portfolio of appraisal and development assets and provides us with additional opportunities for early drilling and revenue generation."
dreamcatcher
- 29 Sep 2011 07:12
- 175 of 523
Thursday 29 September, 2011Sound Oil PLC
Half Yearly Report
RNS Number : 1494P
Sound Oil PLC
29 September 2011
29 September 2011
Sound Oil plc
("Sound Oil" or "the Company")
Interim results for the six months ended 30 June 2011
Sound Oil (AIM:SOU), the upstream oil and gas company with assets in Italy and Indonesia, announces its unaudited interim results for the six months ended 30 June 2011.
Highlights
Successful acquisition of Consul
New permit awarded to Apennine 100% on Costa del Sole, Sicily
Casa Tiberi-1 to start drilling in October
Three well drilling programme at Citarum in Indonesia
Sungai-Lahei-1 well at Bangkanai to start drilling in November
Cash at 30 June 2011 stood at 11.4 million
Gerry Orbell, Sound Oil's Chairman and Chief Executive, commented:
"Sound is well funded and has an exciting exploratory programme ready to start in the Autumn. We have acquired some very interesting acreage over the last few months which we are now focused on developing while continuing to consider additional opportunities for growth. I am particularly pleased to announce that Sound has become a drilling operator in Italy for the first time allowing us to control the pace of our activities."
dreamcatcher
- 29 Sep 2011 08:03
- 176 of 523
http://bit.ly/prStMh
The newly awarded Costa Del Sole permit is found in a known heavy oil area in the southwest coastal region of Sicily
Sound Oil (LON:SOU) today announced that its wholly owned subsidiary Apennine Energy has been awarded a new permit, which hosts the Mafria heavy oil discovery, onshore Sicily.
The newly awarded Costa Del Sole permit is found in a known heavy oil area in the southwest coastal region of Sicily, where there are a number of established oilfields and discoveries. Nearby is the Gela field and heavy oil refinery.
There permit contains two key assets, the Manfria discovery and the un-drilled Cielo prospect.
Manfria is estimated to contain around 2 million barrels of oil. A previous well Manfria-1bis flowed at a rate of 150 barrels of oil per day and produced a cumulative 6,000 barrels during testing. Meanwhile the adjacent Cielo prospect it thought to contain a similar resource, if successfully drilled.
"I am pleased that this award continues the expansion of the Apennine portfolio of appraisal and development assets and provides us with additional opportunities for early drilling and revenue generation, said chief executive Gerry Orbell.
The permit award was made by the Department of Energy of the Sicily Region and it is subject to the submission and acceptance of an Environmental Impact Assessment, which will be submitted in the next few days, Sound Oil said.
After that the company plans to acquire, reprocess and interpret legacy seismic data so that it can define drilling locations for possible appraisal and exploration wells.
dreamcatcher
- 29 Sep 2011 08:44
- 177 of 523
Some good buying,meeting at 10am today
dreamcatcher
- 29 Sep 2011 08:49
- 178 of 523
Sound Oils Orbell highlights progress and looks forward to exciting drilling in coming months
8:28 am by Jamie Ashcroft
http://bit.ly/psVor1
The group has plenty of cash, with 11.4 million in the bank at the end of June, and it is preparing to kick off a significant drill programme in the coming months.
In this mornings interim results Sound Oil (LON:SOU) chairman and chief executive Gerry Orbell highlighted the group substantial progress in recent months, which has see the group add another dimension to its business.
Central to this was the March acquisition of Consul Oil & Gas which owned a portfolio of assets in Italy. The deal immediately added some diversity to the groups operations, which at that point was solely focused on Indonesia.
Since then the group has added a number of other Italian assets, the most recent example was this the award of the Costa Del Sole permit in Sicily, which was announced this morning.
Importantly the group has plenty of cash, with 11.4 million in the bank at the end of June, and it is preparing to kick off a significant drill programme in the coming months.
Sound is well funded and has an exciting exploratory programme ready to start in the Autumn, Gerry Orbell said in this mornings results statement.
We have acquired some very interesting acreage over the last few months which we are now focused on developing while continuing to consider additional opportunities for growth.
I am particularly pleased to announce that Sound has become a drilling operator in Italy for the first time allowing us to control the pace of our activities.
The first well in Sounds exciting drill programme will be the Casa Tiberi-1 well in Italy, which is expected to spud in October. This will be the first of three wells in Italy during this programme of work.
Meanwhile the Sungai-Lahei-1 well, on the Salamander Energy operated Bangkanai PSC, will be the first of five wells in Indonesia. It will be spudded in November, Sound said.
This deep well will be turned into the first production well in the shallower overlying Kerendan gas field, Orbell explained.
Another key focus of the Indonesian drill programme will be the Citarum PSC, in which Sound has a 20 per cent stake. Three wells will be drilled by its partner Pan Orient Energy Citarum.
During the reporting period Sound spent 600,000 on exploration and 1.3 million on administration. Additionally there was the 500,000 spent in relation the Italian acquisitions and there was a 600,000 unrealised foreign exchange loss.
dreamcatcher
- 29 Sep 2011 09:01
- 179 of 523
Fox Davies capital -
Sound Oil (LON:SOU) (SOU, 2.17p, ▲ 2.35%) announced the award of the Costa Del Sole Permit, onshore Sicily to the Company's wholly owned subsidiary Apennine Energy. Apennine Energy will be the 100% interest holder and operator of the permit. The award is made by the Department of Energy of the Sicily Region subject to the submission and acceptance of an Environmental Impact Assessment. Apennine Energy will submit the necessary documentation in the next few days. The permit contains the Manfria-1bis oil discovery which flowed at a rate of 150 bopd and produced a cumulative 6,000 barrels during testing. It is estimated to contain P50 contingent resources of approximately 2 MMbo. An un-drilled prospect Cielo is adjacent to the discovery and could contain a similar resource if successfully drilled. Cielo appears to be in structural continuity with Manfria indicating a possible shared oil water contact and increased chance of hydrocarbon charge to the prospect.
dreamcatcher
- 29 Sep 2011 18:41
- 180 of 523
Sound Oil an opportunity for speculative investors - Faraday Research
2:16 pm by Jamie Ashcroft In a note to clients Faraday equity analyst David Lowery issued a buy recommendation on the stock, following the groups interim results statement this morning.
At the current price Sound Oil (LON:SOU) shares offer speculative investors an opportunity to get a position in a fairly valued and well run micro-cap explorer ahead of drilling, according to analysts at Faraday Research.
In a note to clients Faraday equity analyst David Lowery issued a buy recommendation on the stock, following the groups interim results statement this morning.
Addressing investors in the results statement Sound Oil chairman and chief executive Gerry Orbell highlighted the group's substantial progress in recent months, which has seen it add another dimension to its business.
Central to this was the March acquisition of Consul Oil & Gas which owned a portfolio of assets in Italy. The deal immediately added some diversity to the groups operations, which at that point was solely focused on Indonesia.
"As often happens, the share price was driven by intense speculation after the Consul acquisition, peaking near 6.5p before declining back over the summer to pre-acquisition levels, Faradays David Lowery said in a note to clients.
With the shares now back at 2.2p, (we) believe that with drilling set to start on several projects, (including the new award in Sicily), the explorer offers speculative investors a chance to take a position in a fairly valued and well run micro-cap explorer.
Since the Consul acquisition the group has added a number of other Italian assets, the most recent example was this the award of the Costa Del Sole permit in Sicily, which was announced this morning.
Importantly the group has plenty of cash, with 11.4 million in the bank at the end of June, and it is preparing to kick off a significant drill programme in the coming months.
Sound is well funded and has an exciting exploratory programme ready to start in the autumn, Orbell said today.
We have acquired some very interesting acreage over the last few months which we are now focused on developing while continuing to consider additional opportunities for growth.
I am particularly pleased to announce that Sound has become a drilling operator in Italy for the first time allowing us to control the pace of our activities.
The first well in Sounds "exciting" drill programme will be the Casa Tiberi-1 well in Italy, which is expected to spud in October. This will be the first of three wells in Italy during this programme of work.
Meanwhile the Sungai-Lahei-1 well, on the Salamander Energy operated Bangkanai PSC, will be the first of five wells in Indonesia. It will be spudded in November, Sound said.
This deep well will be turned into the first production well in the shallower overlying Kerendan gas field, Orbell explained.
Another key focus of the Indonesian drill programme will be the Citarum production sharing contract (PSC), in which Sound has a 20 per cent stake. Three wells will be drilled by its partner Pan Orient Energy Citarum.
During the reporting period, Sound spent 600,000 on exploration and 1.3 million on administration. Additionally there was the 500,000 spent in relation the Italian acquisitions and there was a 600,000 unrealised foreign exchange loss.
Meanwhile in a separate statement Sound Oil announced that its wholly owned subsidiary Apennine Energy has been awarded a new permit, which hosts the Mafria heavy oil discovery, onshore Sicily.
The newly awarded Costa Del Sole permit is found in a known heavy oil area in the southwest coastal region of Sicily, where there are a number of established oilfields and discoveries. Nearby is the Gela field and heavy oil refinery.
There permit contains two key assets, the Manfria discovery and the un-drilled Cielo prospect.
Manfria is estimated to contain around 2 million barrels of oil. A previous well Manfria-1bis flowed at a rate of 150 barrels of oil per day and produced a cumulative 6,000 barrels during testing. Meanwhile the adjacent Cielo prospect it thought to contain a similar resource, if successfully drilled.
"I am pleased that this award continues the expansion of the Apennine portfolio of appraisal and development assets and provides us with additional opportunities for early drilling and revenue generation, said Orbell said.
The permit award was made by the Department of Energy of the Sicily Region and it is subject to the submission and acceptance of an Environmental Impact Assessment, which will be submitted in the next few days, Sound Oil said.
After that the company plans to acquire, reprocess and interpret legacy seismic data so that it can define drilling locations for possible appraisal and exploration wells.