Im not a holder, queen 1 - was it to do with the holding rns of 50 million odd shares purchased ?

A very complicated company this one to follow.

Thanks dreamcatcher - at c.£200k it was quite a hefty purchase. Maybe that's why the SP held today.

Good news:

Sound Oil is pleased to announce the following operations update on its Rapagnano gas production project. The Company has received approval from the Marche regional authorities of its Environmental Impact Assessment for the re-start of gas production from the field. It is expected that the final approval from the Italian Ministry of Economic Development will follow in approximately one month. Operations at the site will then commence with a view to achieving first production before the end of the year.

As previously announced, the Italian engineering company, CSTI S.r.l. has been appointed to assist with the project and will provide 52% of the total development capital costs under a funding contract.

The Rapagnano field, located in the Fermo Province (Marche), onshore Italy, was discovered in 1952 and had produced 4 Bscf dry gas from two Pliocene sandstone reservoirs until 2001, when the well was shut down because of high water production from the upper reservoir level. The new plan of production will involve closure of the upper reservoir and opening again the lower reservoir which was previously producing without significant associated water. Sound Oil has estimated future production from the lower reservoir of a further 1.3 Bscf (P50) over a thirteen year field life.

The Company is finalising contract details with a local gas distributor, for sale of the gas via the nearby pipeline system at a seasonally adjusted average price of $11.30/Mscf for the first year of production.

This is really starting to motor!

Sound Oil is pleased to announce the following update for its operations onshore Java, Indonesia.

Citarum PSC, Java (Sound Oil 20%): Drilling at the Geulis-1 exploration well commenced at 00.40 local time on 2 October 2012. The well will be drilled as a deviated hole to a proposed total measured depth of 3,937 ft to target limestone and sandstone reservoirs in the Miocene, Parigi and Cibulakan formations. Operations are scheduled for 42 days.

The well is located in the Jonggol area approximately 7 km east of the Pasundan-1 well and 16 km south of the Jatirarangon gas and oil discovery. In this part of the block drilling conditions are expected to be less challenging than at the Cataka-1 and Jatayu-1 wells as the structural style is less complex and more drilling information is available from surrounding wells.

The Geulis prospect has been independently assessed by Fugro Robertson Limited to have gross P90-P50-P10 prospective gas resources of 9-26-55 Bscf respectively (P50 5 Bscf net to Sound Oil).

Nice volume and price move but sou need to find something?

momentum share.

Production in Italy, exploration in Indonesia. Either could go wrong (the latter far more likely to than the former) but a good newsflow week nonetheless.

Thanks for the chart mitzy.

sp very lively today.

It's really motoring - It's tripled in value since I bought a month ago (although I did sell part when it doubled in price to 0.85).

Coincidental number 0.85! I bought into Sound last Friday at 0.85.

Well done on taking a profit queen1........That's what this is all about; share knowledge, invest and make a profit.

Fingers crossed. Let's hope it continues northwards.


GLA.

Nice to see this rising.....could go to 2p with some good flow results....

70m Shares traded........No RNS...........Whats happening?

No complaints from me.

Would be good to get some update though.

Agreed Gerponville18, it's always nice to take a profit. Mind you, having seen the SP then go up another 50% from my part-sale price I was kicking myself. Good news for both of us though that's it's continued its rise :)

falling back on profit taking.

Indeed but back up again today which is very encouraging.

sp bouncing around today after RNS stating Mohamed Fayed had acquired 86m shares.

Certainly a mega amount of shares........But, £1.1M ish to that Gentleman is loose change. Good to know he is on board though..........If True?

I feel the sp will settle for a while, and then gradually rise on good news breakout, through RNS reports. Reading other boards, hell of a lot of ramping going on!

Good luck everyone.