Sound Oil on track at Cataka well after rain delay
StockMarketWire.com
Sound Oil expects the first well at Cataka 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.

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.





Story provided by StockMarketWire.com

http://www.proactiveinvestors.com/companies/news/22728/sound-oil-announces-imminent-spudding-of-cataka-1-well-in-java-22728.html

dreamcatcher, were you aware that from around 8.30 am this morning that almost
all the short money on sound oil was closed ? this was according to a friend who
subscribes to data explorers where you can see all leveraged finance on individual
stocks. I would assume from this that the rest of this week the SP could make vert steady progress.

Sounds (excuse the pun) very good, thanks Bob. Are you a holder?

dreamcatcher, yes i am a new holder and came in yesterday (was in here around
two years ago too ). There seems lots of chatter that the first indonesia spud
will be before friday this week...we may see some good steady rises here till then.

Lets hope so.

There is a very good chance IMO :-)

Good buying today.

Director's dealing, Issue of Equity and TVR
RNS
RNS Number : 8192U
Sound Oil PLC
30 December 2011





30 December 2011



Sound Oil plc

("Sound Oil" or "the Company")



Director's dealing, Issue of Equity and Total Voting Rights



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that Gerry Orbell, a director of the Company, and certain employees of the Company have been awarded bonuses including, in total, the award of 5,794,118 new ordinary shares in the Company. Included in Mr Orbell's bonus is an award of 1,764,706 ordinary shares at an issue price of 1.7p per share. Following this award, Mr Orbell will hold 14,513,124 ordinary shares in the Company, representing 0.79% of the Company's issued ordinary shares.



Application has been made for the new shares referred to above to be admitted to AIM and this is expected to become effective on 5 January 2012. Following the issue of these shares, the Company will have 1,833,199,548 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 1,833,199,548 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.

He wants to get the sp up then?

Anyone else have any thoughts on the latest rns? A bonus awarded to the directors,for what? The sp has fallen from 6.5p to 1.5p - a drop of 77% in less than 9 months, not the right time surely. Not going to be popular next week.

3 January 2012



Sound Oil plc

("Sound Oil" or "the Company")



Operations Update - Citarum PSC, Java, Indonesia



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce that the Cataka-1 exploration well commenced drilling at 2300 Indonesian local time (1600 GMT) on 31 December 2011. It is currently drilling ahead in 17 1/2" section towards the Parigi Formation limestone reservoir objective and is scheduled to take 21 days to drill. The well will be drilled as a deviated hole to a total measured depth of 6,995 ft (2,132 m) to target P50 gross prospective resources of 470 Bscf.

Huge sells going through today. Just looking forward to the rns that states RIP RAB.

4 January 2012



Sound Oil plc

("Sound Oil" or "the Company")



Management appointment



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces the appointment of Luca Madeddu as Managing Director of the Company's wholly-owned subsidiary Apennine Energy srl and as a member of the executive management team of Sound Oil.



Luca has over 22 years of experience in the upstream oil and gas industry with ENI, the major integrated energy company. Luca is a reservoir geologist by background and has extensive experience in hydrocarbon production, field development, petroleum engineering, supply chain management and reservoir engineering. He has managed large teams in complex operations in sensitive onshore and offshore environments and has worked in Venezuela, Nigeria, Indonesia, UK, Congo and Italy,



Luca is aged 47 and holds a Degree in Geology from Milan University. He joined the Company on 2 January and will be based in Italy.





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



"We are delighted to welcome Luca to the group as Managing Director of Apennine Energy, our Italian subsidiary. He brings considerable expertise, energy and international experience to lead our Italian business in becoming a valuable asset and a responsible operator in the sector. His knowledge of the Italian assets, and of development and production operations, will be invaluable to complement the skills of the existing Apennine Energy team. He joins the company at a very appropriate time and we all, at Sound Oil, look forward to working alongside him to mature and expand our Italian portfolio."

5 January 2012



Sound Oil plc

("Sound Oil" or "the Company")



Director's dealing



Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, was notified that, yesterday, Michael Nobbs, non-executive director, acquired 525,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.73p per share and a further 50,000 Ordinary Shares at a price of 1.70p per share. Following these purchases, Mr Nobbs holds 2,529,545 Ordinary Shares, representing 0.14% of the Company's issued share capital.

Nice 11% rise today , if it holds

Operations Update
RNS
RNS Number : 0272W
Sound Oil PLC
23 January 2012



23 January 2012



Sound Oil plc

("Sound Oil" or "the Company")



Operations Update - Casa Tiberi -1, Italy and Cataka -1, Indonesia



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



Montemarciano Permit, Casa Tiberi -1, Ancona, Italy (Sound Oil 100%)



Sound Oil is pleased to confirm that, the Casa Tiberi-1 well has been re-entered and the planned test over the interval 571-581 metres successfully completed. The well flowed gas with a final rate of 37,850 scmd on a 5/16" choke (approximately 1.3 MMscfd). The data from the test will be studied in detail to assess the production potential of the well. The good gas quality and the nearby presence of a low pressure gas network provide an opportunity for a commercial fast-track development of this discovery. A further announcement will follow once the test results have been fully analysed and commercial alternatives explored. In the meantime, an application to extend the permit for a further three years has been submitted to the relevant authorities.



Citarum PSC, Java, Indonesia (Sound Oil 20%)



Sound Oil has been advised by the Operator that the Cataka-1 exploration well on the Citarum PSC, Java, Indonesia has encountered unstable formation in the top hole section, necessitating a sidetrack. The sidetrack hole has already been drilled to the casing depth at 1,397 feet and the 13 3/8ths casing set and cemented. Now that this part of the unstable formation has been cased off, the well will drill ahead to the objective at 6,995 feet as originally planned. It is estimated that at least two additional weeks will be needed to complete operations beyond the planned 21 day programme.



Gerry Orbell, Sound Oil's Chairman and Chief Executive, commented:

"The planned gas test at Casa Tiberi is part of our evaluation to determine the commercial viability of this discovery. The results so far are encouraging and we will know more in the coming weeks as they are fully integrated with our other work.



In Java, Pan Orient has now set the casing over much of the problem interval that was encountered in the top hole. We expect the Operator will be able to drill ahead to test the hydrocarbon potential of this exciting exploration prospect".

Should start to move, with this buying pressure

Must be news due, for this level of buying .

Very good buying again today