Looks a good day for sound today. 1000000 buy just gone through.

Looking good, and Rab selling today.

Good to see sentiment lifting on all the oil boards

Going great guns

Had two blank email alerts from Sound today. Testing the system, ready for rns Tuesday as it should only take 10 days for the well . Sp should then start to rise

Sound oil expect to drill 7 wells over the next 18 months.

Is anyone else receiving blank texts from sound.

Hope to have some positive news release soon and stop the slide. A large rise is over due.

Expecting news next week on the spud of Marciano.

Charts Shares Magazine Research Share Price Indices Market Scan Company Zone Traders' Room
NewsWatch Trades Terminal Alerts Stock Screener Heatmaps News iPhone Forex Director Deals Investors' Room
Credit Cards A-Z of Brokers Directory Bookshop Awards 2011 Mortgages ISAs PLUS Simply Chart Broker Notes Forward Diary

You are NOT currently logged in. KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Monday 06 June, 2011Sound Oil PLC
Operations Update
RNS Number : 8841H
Sound Oil PLC
06 June 2011



For Immediate Release
6 June 2011




Sound Oil PLC

("Sound Oil" or "the Company")



Operations Update: Marciano-1ST Well



Sound Oil is able to advise that the completion operation on Marciano-1ST well commenced on Saturday 4 June at 09.00 local time. The operation will involve the perforation of two potential gas-bearing zones at 1283-1288m and 1326-1331m MD. The work on the well is anticipated to take 10 days to complete.



The Marciano-1ST well, located on the Fonte San Damiano Concession in Basilicata, southern Italy, is operated by Sound Oil's majority owned subsidiary Apennine Energy with a 99% working interest.



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



We are pleased to be starting operations on the Marciano well and look forward to successful testing operations that will enable us to move forward with early commercialisation of the project.



For further information please contact:



Sound Oil

Gerald Orbell, Chief Executive

Michael Cope, Chief Operating Officer


Tel: +44 (0)1372 371010





Buchanan Communications

Tim Thompson

Ben Romney
Tel: +44 (0)207 466 5000







finnCap

Sarah Wharry

Henrik Persson
Tel: +44 (0)207 600 1658

sp should rise today on the news. Then Rab can place the remainder of their shares on the market. Then onwards and upwards.

Ker chingg

A good day for Sound today, 8.22% up. RAB still have 93 million shares to dispose of.
There is a price protection of 4.75p. The broker can only trade them at this price and above. There was a mention of GO looking for a purchaser of the Rab holding, not heard. Just hope when Rab starts to off load these it does not affect the share sp.

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Tuesday 07 June, 2011Sound Oil PLC
Farm-In to Montemarciano Permit, Italy
RNS Number : 9502H
Sound Oil PLC
07 June 2011



For Immediate Release
7 June 2011




Sound Oil PLC



("Sound Oil" or "the Company")



Farm-In to Montemarciano Permit, Italy



Sound Oil plc is pleased to announce that, through its majority held subsidiary Apennine Energy srl (Apennine), it has concluded a Farm-In Agreement with Servizi & Assistenza Ricerche Petrolifere spa (SARP) to acquire an interest in the Montemarciano Permit located in Ancona Province, central Italy. The permit is currently operated by SARP with 100% working interest.



Under the terms of the Agreement, Apennine will pay SARP 215,000 ($290,000) as a contribution to past expenditures and fund the 100% cost of the Casa Tiberi-1 exploration well up to 800,000 ($1,080,000) to earn a 75% working interest in the permit and the Operatorship.



The well will be drilled to 700m to evaluate potential gas-bearing sands in the Lower Pliocene Cellino Formation. Fugro-Robertson Limited (FRL) has prepared a Competent Person's Report on the prospect and identify Base Case (P50) prospective resources of 5.7 Bscf, with High Case (P10) prospective resources of 14.9 Bscf. The geological chance of success is calculated at 35%. On a success case basis the potential value (NPV10) of the project is assessed to be $11.6 million for the Base Case and $37.1 million for the High Case.



The FRL Competent Person's Report can be viewed on Sound Oil's Website at:



www.soundoil.co.uk.



All necessary approvals to drill the well from the relevant authorities have already been received by SARP. Work on the construction of the Casa Tiberi wellsite will commence as soon as land access is finalised. It is anticipated that the well will be drilled in 3Q-4Q this year.



Commenting on the above, Gerry Orbell, Chairman of Sound Oil said:



This deal gives us an early opportunity to drill a very low cost well to explore for gas resources which if successful in the P50 case should provide near term cash flow and in the high case will have a considerable impact on our assets base. The well will be drilled as an addition to the existing operations programme, using funds previously raised by the Company earlier in 2011.



For further information please contact:



Sound Oil



Gerry Orbell, Chairman and CEO

Michael Cope, Chief Operating Officer


Tel: +44 (0)1372 365745







Buchanan Communications

Tim Thompson

Ben Romney
Tel: +44 (0)207 466 5000









finnCap

Sarah Wharry

Henrik Persson
Tel: +44 (0)207 600 1658











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

END


AGRUNVVRANANRAR

Analyst Comment by Will Arnstein at JMFinn Capital Markets

Broker FinnCap released an upbeat comment on Sound Oil on the back of the news, calling the terms of the farm in agreement "relatively favourable".

According to finnCap analyst Will Arnstein, Casa Tiberi 1 provides an upside potential of about 8-10 pence, which could deliver a substantial change in value for the company, given its current share price.

HomeShare PricesShare ChatNewsBlogsSpread BettingPremiumFXShare GameMembersShare Price Search:

Email: Password: Quick Picks
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers




Latest Share Chat
EDL. thanks
AST. have a good ev-
ening fella..done f..
SQZ. Takes her back
level, four buys i..
AST. i dont think t-
here is a sell comi..
SAR. the program de-
velopments and news..
AST. yeah see 10% n-
ow and a good open ..
PPA. delay due to b-
rucie and the duck,..
RKH. dont think we
will. Theres always..
WET. read the actua-
l wording of the rn..
AST. should get ano-
ther push before cl..




Home::Share Prices::Sound Oil Share Price::Sound Oil Share Chat
Sound Oil Share Chat (SOU)

SOU Share PriceSOU Share NewsSOU Share ChartsSOU Share ChatSOU Share TradesSOU RNSSOU Directors DealsSOU Live Share PriceAdd SOU to WatchlistAdd SOU to PortfolioGet SOU SMS AlertsAdd SOU to myLSESOU Financial DiarySOU Fundamentals
Don't just chat! Make money in a volatile market - Spread Bet now!www.lsespreads.com
Share Price: 4.00 Bid: 3.90 Ask: 4.10 Change: 0.05 (+1.27%)
Spread: 0.20 Spread as %: 5.13% Open: 4.10 High: 4.40 Low: 3.85 Yesterdays Close: 3.95


--------------------------------------------------------------------------------


Share Discussion for Sound Oil (SOU)

Regular Share Chat Premium Share Chat Filters
Type the nickname of any user to filter out:

Select the message types to view: Research Answer Question Observation Off Topic

Please Login or Register to post messages

1234567891011
Cashinjection
Posts: 53
Off Topic
Opinion: No Opinion
Price: 4.05
Good Afternoon SOU crewToday 13:23

Been away for a while. Knew i should have topped up on 27/05 when the buy on TDW was 3.75 grrrrrrrrrr. Some great news emerging now, expect a nice rise from here as the week goes on :) jixie
Posts: 1,517
Off Topic
Opinion: No Opinion
Price: 4.13
Stockopedia NewsToday 10:10

Sound Oil eyes early drilling on new permit in Italy



Tuesday, Jun 07 2011 by

Sound Oil (LON:SOU) , the exploration and production group run by Antrim Energy chairman Gerry Orbell, has agreed to acquire an interest in the Montemarciano Permit, which lies in the Ancona Province, of central Italy. The deal gives the company an early opportunity to drill a low cost gas exploration well, which, in the best case, could provide near term cash flow and, in the high case, deliver significant upside to its overall asset base.

The farm-in has been struck between Sound Oils majority held subsidiary Apennine Energy and Servizi & Assistenza Ricerche Petrolifere (SARP), which currently holds a 100% working interest. Apennine will pay SARP 215,000 (191,000) as a contribution to past expenditure and fund the 100% cost of the Casa Tiberi-1 exploration well up to 800,000 to earn a 75% working interest in the permit and the operatorship.

The well will be drilled to 700m to evaluate potential gas-bearing sands in the Lower Pliocene Cellino Formation. Independent consultancy Fugro-Robertson has prepared a Competent Person's Report on the prospect and identified base case (P50) prospective resources of 5.7 billion standard cubic feet (bscf) of gas, with high case (P10) prospective resources of 14.9 bscf. The geological chance of success is calculated at 35%. On a success case basis the potential value (NPV10) of the project is assessed to be $11.6 million for the base case and $37.1 million for the high case.

SARP has already received the necessary approvals to drill the well and work on the construction of the Casa Tiberi well site will begin as soon as land access is finalised. It is anticipated that the well will be drilled in either the third or fourth quarter of this year.

Gerry Orbell, the chairman of Sound Oil, said: This deal gives us an early opportunity to drill a very low cost well to explore for gas resources which if successful in the P50 case should provide near term cash flow and in the high case will have a considerable impact on our assets base. The well will be drilled as an addition to the existing operations programme, using funds previously raised by the company earlier in 2011. http://www.stockopedia.co.uk/content/sound-oil-eyes-early-drilling-on-new-permit-in-italy-57119/

Sound Oil secures farm-in agreement in Italy
StockMarketWire.com
Sound Oil plc, through its majority held subsidiary Apennine Energy srl (Apennine), has concluded a Farm-In Agreement with Servizi & Assistenza Ricerche Petrolifere spa (SARP) to acquire an interest in the Montemarciano Permit located in Ancona Province, central Italy. The permit is currently operated by SARP with 100% working interest.

Under the terms of the Agreement, Apennine will pay SARP 215,000 ($290,000) as a contribution to past expenditures and fund the 100% cost of the Casa Tiberi-1 exploration well up to 800,000 ($1,080,000) to earn a 75% working interest in the permit and the Operatorship.

Date: Monday 06 Jun 2011

LONDON (ShareCast) - Shares in Sound Oil gushed ahead after it reported that a completion operation at its Marciano-1ST Well in southern Italy had begun.

Sound will perforate two potential gas-bearing zones at the well. Work is expected to take two days to complete, it said.

We are pleased to be starting operations on the Marciano well and look forward to successful testing operations that will enable us to move forward with early commercialisation of the project, chairman and chief executive Gerry Orbell said.

--------------------------------------------------------------------------------

Nice to see soon if, Gerry Orbell has found an investor for these 93 million shares Rab are to off load.
Otherwise I feel we are going to be held back, taking the effect of good news away from the sp.

This is bubbling under..soon to break out!