strong buying

http://www.proactiveinvestors.co.uk/companies/news/35428/sound-oil-takes-full-control-of-strombone-and-nervesa-discoveries-in-italy--35428.html

A very late RNS


Thursday 10 November, 2011Sound Oil PLC
Drawdown on Equity Line
RNS Number : 9080R
Sound Oil PLC
10 November 2011



10 November 2011



Sound Oil plc

("Sound Oil" or "the Company")



Drawdown on Equity Line



Sound Oil announces that it has drawn down on its Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("Yorkville") in the amount of 350,000. This draw down has been undertaken at a price of 2.6p per share and will result in the issue of 13,461,538 ordinary shares of 0.1p each in the Company ("the New Ordinary Shares") to Yorkville.



The proceeds of the draw down will be applied to the funding of Sound Oil's combined work programme and ongoing costs of the Company and its subsidiaries.



Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 17 November 2011. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.

http://www.soundoil.co.uk/documents/Sound_Activity_Update_Italy_November2011.pdf

Italian gas discoveries for Sound Oil
StockMarketWire.com
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, has announced that the Casa Tiberi-1 exploration well in Italy, which is operated by the company's wholly-owned subsidiary Apennine Energy, has been successfully drilled to a total depth of 715 m measured depth.

Logging of the well has established a gross hydrocarbon column of 14.9 m, comprising several high quality gas bearing reservoir sands.

Sound Oil is suspending the well as a gas discovery pending future work in the coming months, to determine the extent and commerciality of the accumulation.

By drilling the well to 715 m MD, it has completed its original farm-in obligations on the Montemarciano Permit and has earned its 75% working interest in the licence.

Subsequently its partner SARP, a small private Italian company which holds a 25% working interest in the licence, has withdrawn from the well and assigned its interest in the well to Sound Oil meaning the company therefore now holds a 100% working interest in the gas discovery and a 75% interest in the surrounding permit.

Gerry Orbell, Chairman and CEO of Sound Oil, commented: "We are pleased that the drilling of Casa Tiberi-1 has resulted in a gas discovery from our first operated exploration well in Italy. We will evaluate the results going forward and consider how best to bring this accumulation on-stream which could include the use of the gas processing and electricity generating equipment that the company owns at the Marciano location."

almost time for me to buy again

http://www.proactiveinvestors.co.uk/companies/news/35636/sound-oil-says-casa-tiberi-1-has-made-gas-discovery-35636.html

So pleased we did not hit a duster. Hit a gas play and sp falls.
Just seen the late trade of 13 million, good if a buy or a few less RAB hold if a sell.

Broker Views This table is a guide to the latest buy, sell, hold and target price forecasts from the big City banks and brokers. Date Company Name EPIC Broker Recommendation Price Old target price New target price Notes
15 Nov Sound Oil PLC SOU Investec Buy 2.40 4.00 6.00 Reiterates

21 November 2011



Sound Oil plc

("Sound Oil" or "the Company")



Operations update: Casa Tiberi-1 well, Montemarciano Permit



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce that the Casa Tiberi-1 exploration well, operated by its wholly-owned subsidiary Apennine Energy, has been successfully completed. The well achieved a gas flow rate of 26,000 scmd (approximately 0.91 MMscfd) on a restricted choke during clean-up operations. The well is currently being suspended and the drilling rig demobilised. The Company will study data from the well to determine a programme for additional testing of the well and subsequent potential commercial production of the discovery.

Operations Update
RNS




RNS Number : 8081S
Sound Oil PLC
25 November 2011









25 November 2011







Sound Oil plc



("Sound Oil" or "the Company")







Operations Update - Drilling on Citarum PSC, Java, Indonesia







Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, refers shareholders to the following extract from an announcement released on 24 November 2011 by Pan Orient Energy Corp., the operator of the Citarum PSC located on Java, Indonesia in which Sound Oil has a 20% interest:







"At the Citarum PSC on-shore Java (Pan Orient operator and 77% ownership), one location (Jatayu-1) has been completed and a second location (Cataka-1) is approximately 90% complete after having experienced some delay as a result of annual monsoon rains. Surface casing has been set on both wells utilizing a service rig and drilling rig mobilization on to the Cataka-1 location is planned to commence on November 26th with drilling to commence in early to mid-December. Construction on the third location of Geulis-1 will commence shortly after the completion of construction on Cataka-1. All three wells are planned to be drilled back to back starting with Cataka-1 in the first half of December 2011."

http://www.theindonesiatoday.com/Resources/Energy/sound-oil-confirms-progress-at-citarum-block/News

Very strong buying up 8% +

Cataka-1 spud very soon.

Completion of Private Placement
RNS




RNS Number : 1855T
Sound Oil PLC
01 December 2011









1 December 2011







Sound Oil plc



("Sound Oil" or "the Company")







Completion of Private Placement







Further to the announcement made on 10 November 2011, Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces the completion of a private placement through Astin Capital Management Limited ("Astin"). The private placement is structured across two tranches and involves a target new equity investment of 4 million with the potential for this investment to be increased up to a total of 10 million.







Following negotiation under the Heads of Terms, the first tranche of 100 million ordinary shares will be issued on 9 December priced at 2 pence per share (representing an initial placement of 2 million) with associated warrants exercisable also at 2 pence. The second tranche of up to 8 million is anticipated to be issued in February 2012, priced at 90% of the average price over the preceding 40 trading days. The associated warrants will be exercisable at 110% of the 40 trading day average price.







All warrants are issued at a ratio of 6 warrants for each 10 ordinary shares and are exercisable at any time during their three year term.







The private placement stipulates that Astin (including connected funds and investors) will not acquire more than 25% of the issued share capital and that the Company may elect not to increase the total placement above 4 million should the price on the day prior to issue fall to 1.6 pence or below.







The Company intends to use the funds raised for drilling operations, including the Nervesa discovery, during 2012.







Commenting on the above Gerry Orbell, Sound Oil's Chairman and CEO said:



"This private placement maintains Sound Oil's strong funding position following the Celtique acquisition and enables the execution of our high impact drilling programme. We are pleased to be able to complete the first tranche earlier than planned."

up 18%

Total Voting Rights
RNS




RNS Number : 7152T
Sound Oil PLC
09 December 2011









9 December 2011



Sound Oil plc



("Sound Oil" or "the Company")







Total voting rights







Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that following the admission to AIM earlier today of 100,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") relating to the placement through Astin Capital Management Limited announced yesterday, the Company will have 1,827,405,430 ordinary shares in issue with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 1,827,405,430 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Holding(s) in Company
RNS




RNS Number : 7809T
Sound Oil PLC
12 December 2011













TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES















1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:








SOUND OIL PLC















2 Reason for the notification (please tick the appropriate box or boxes):











An acquisition or disposal of voting rights




X











An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

















An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

















An event changing the breakdown of voting rights

















Other (please specify):
































3. Full name of person(s) subject to the notification obligation:












MANXDALE HOLDINGS LTD







4. Full name of shareholder(s) (if different from 3.):












MANXDALE HOLDINGS LTD







5. Date of the transaction and date on which the threshold is crossed or reached:












09/12/11







6. Date on which issuer notified:












12/12/11







7. Threshold(s) that is/are crossed or reached:












3% AND 4%















8. Notified details:







A: Voting rights attached to shares











Class/type of

shares




if possible using

the ISIN CODE




Situation previous

to the triggering

transaction




Resulting situation after the triggering transaction







Number

of

Shares




Number

of

Voting

Rights




Number

of shares




Number of voting

rights




% of voting rights







Direct




Direct




Indirect




Direct




Indirect







ORDINARY SHARES*




0




0




80,000,000




80,000,000










4.378%













GB00B09VL556















B: Qualifying Financial Instruments







Resulting situation after the triggering transaction











Type of financial

instrument




Expiration

date




Exercise/

Conversion

Period




Number of voting

rights that may be

acquired if the

instrument is

exercised/ converted.








% of voting

rights
















































C: Financial Instruments with similar economic effect to Qualifying Financial Instruments







Resulting situation after the triggering transaction











Type of financial

instrument




Exercise

price




Expiration

date




Exercise/

Conversion

period




Number of voting

rights instrument

refers to




% of voting rights









































Nominal




Delta


































Total (A+B+C)











Number of voting rights




Percentage of voting rights







80,000,000




4.378%















9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable:



























Proxy Voting:











10. Name of the proxy holder:












N/A







11. Number of voting rights proxy holder will cease to hold:












N/A







12. Date on which proxy holder will cease to hold voting rights:












N/A















13. Additional information:












N/A







14. Contact name:












Mike Staten/Bruce Bland







15. Contact telephone number:












020 7292 3768














This information is provided by RNS
The company news service from the London Stock Exchange

http://www.moneyam.com/action/news/showArticle?id=4274546

Operations Update
RNS
RNS Number : 2859U
Sound Oil PLC
20 December 2011





20 December 2011



Sound Oil plc

("Sound Oil" or "the Company")



Operations Update - Indonesia



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces the following update on current operations in Indonesia.



Citarum PSC (Sound Oil 20%)

Sound Oil is pleased to confirm, consistent with previous announcements, that it expects the first well to spud prior to the end of 2011. Despite some delays caused by heavy rainfall, operations on the Cataka-1 well continue and rigging-up of the ETP Rig No.2 on the site has commenced. The well is scheduled to take 21 days to drill. Cataka-1 will be drilled as a deviated well to a total measured depth of 6995 ft (2132 m) to target P50 gross prospective resources of 470 Bscf. Immediately after Cataka the rig will move to drill the Jatayu and Geulis prospects.



Bangkanai PSC (Sound Oil 5% carried)

The operator, Salamander Energy, has informed Sound Oil that an upgrade of the Drillco No.1 rig for high temperature/high pressure operations is underway with the rig now expected to mobilise to Kalimantan in January and drilling expected to commence in April 2012. The development of the Kerendan gas field, however, remains on target.





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



"We are pleased to confirm the imminent spud of the first exploration well in Citarum and look forward to a busy drilling season for the Company on both licences."







For further information please contact:



Sound Oil

Gerry Orbell, Chairman and Chief Executive

Michael Cope, Chief Operating Officer


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

Tim Thompson

Ben Romney

Helen Chan


Tel: +44 (0)20 7466 5000




The information contained in this announcement has been reviewed by Sound Oil's Chief Operating Officer, Dr M. J. Cope BSc PhD CGeol FGS, a qualified petroleum geologist. The basis of the prospective resources estimate referred to above is consistent with SPE (The Society of Petroleum Engineers) guidelines and was provided by Fugro Robertson Limited in a Competent Person's Report prepared for Sound Oil in October 2011; "Bscf" means billions of standard cubic feet of gas.