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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.

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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


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Cashinjection
Posts: 53
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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!

small rise today. Early next week, news due on the Marciano well in Italy.

Also whats the 2.8 million drawdown for?

Very poor, there is just no buying pressure

Thursday 16 June, 2011Sound Oil PLC
Holding(s) in Company
RNS Number : 5500I
Sound Oil PLC
16 June 2011

SOUND OIL PLC

HOLDING(S) IN COMPANY



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi






1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii
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: iii
RAB Capital plc acting as discretionary manager for RAB Energy Fund Limited and RAB Octane (Master) Fund Limited

4. Full name of shareholder(s) (if different from 3.):iv
Credit Suisse Client Nominees (UK) Limited

5. Date of the transaction and date on which the threshold is crossed or reached: v
04.05.11, 17.05.11 & 31.05.11

6. Date on which issuer notified:
15.06.2011

7. Threshold(s) that is/are crossed or reached: vi, vii
12%, 11% & 10%







8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct
Direct xi
Indirect xii
Direct
Indirect

ORDINARY SHARES*

GB00B09VL556
145,824,606
145,824,606


n/a
98,574,606
6.32%
%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument
Expiration
date xiii
Exercise / Conversion Period xiv
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 xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument
Exercise price
Expiration date xvii
Exercise/
Conversion period xviii
Number of voting rights instrument refers to
% of voting rights xix, xx











Nominal
Delta



















Total (A+B+C)

Number of voting rights
Percentage of voting rights

98,574,606
6.32%







9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi



*RAB Capital plc acts as investment manager for RAB Energy Fund Limited and RAB Octane (Master) Fund who are the beneficial owners of the securities. The legal title to these securities is held on behalf of the beneficial owners by their nominee, Credit Suisse Client Nominees (UK) Limited.



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:
RAB Capital plc - Legal Team

15. Contact telephone number:
020 7389 7000

Go needs to find an investor asap. Rab still have 98.5 million

HOLDINGS - 2011 TheMysteron





View Author's profile | Add to favourites | Ignore | Author's posts

HOLDINGS 2011 (Date of actual sale/buy ,not the RNS date)

RAB Energy Fund Limited and RAB Octane (Master) Fund Limited.
The legal title to these shares is held by Credit Suisse Client Nominees (UK) Limited.

15.12.10.....32,084,290
06.01.11.....277,917,624 (Following aquisition of Consul Oil & Gas)
21.01.11.....286,074,606 (18.8%)
15.02.11.....256,074,606 (16.9%)
09.03.11.....238,574,606 (15.74%)
18.03.11.....187,574,606 (12.38%)
25.03.11.....162,574,606 (10.42%)
04.04.11.....145,824,606 (09.35%)
31.05.11.....098,574,606 (06.32%)

Mr. Gavin Wilson who is the appointed fund manager of RAB Energy Fund Limited and RAB Octane (Master) Fund Limited and is an employee of RAB.

06.01.10.....53,000,000 (Following aquisition of Consul Oil & Gas)
21.01.11.....53,000,000 (3.5%)
15.02.11.....53,000,000 (3.5%)
09.03.11.....53,000,000 (3.5%)
18.03.11.....53,000,000 (3.5%)
25.03.11.....53,000,000 (3.5%)
04.04.11.....47,000,000 (3.01%)


GARTMORE INVESTMENT LTD

09.02.11.....58,722,831

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

Shareholders with >3% (http://www.soundoil.co.uk/investors_aim26.asp)

AIM Securities in Issue - 1,613,999.755

Credit Suisse Client Nominees (UK) Limited.....10.47%
Barclayshare Nominees Limited..................10.24%
Pershing Nominees Limited......................10.14%
T D Waterhouse Nominees (Europe) Limited.......09.19%
HSDL Nominees Limited 1........................05.84%
LR Nominees Limited............................05.71%
HSDL Nominees Limited 2........................05.66%
James Capel (Nominees) Limited.................03.99%
--------------------------------------------------------------------------------

TIDMSEDOL/ISIN Print Friday 17 June, 2011Sound Oil PLC
Operations Update: Marciano-1ST Completion
RNS Number : 6647I
Sound Oil PLC
17 June 2011



Immediate Release
17 June 2011




SOUND OIL PLC

("Sound Oil" or "the Company"")



Operations Update: Marciano-1ST Completion



Sound Oil is pleased to announce that the perforation operation on Marciano-1ST was completed successfully and to schedule. The rig is being demobilised and is expected to be off site within the next two days.


The clean-up and flowing of fluids in the formation is the next part of the operation and was scheduled to follow on immediately, without the need for a rig. This operation has, however, been temporarily suspended because a contractor's equipment that is required for the lift and flow of the well, failed on site. Replacement equipment has been identified and will be available in approximately one week when the operation is expected to re-commence.

Commenting on the above Gerry Orbell, Chairman said: This is one of those frustrations that can crop up from time to time in any well operation when a lot of interdependent equipment is required. The contractor is making every effort to replace the equipment as quickly as possible but in the meantime we are held up for a short time.



For further information please contact:


Sound Oil
Gerald Orbell, Chairman
Tel: +44 (0)7903 861 145

Buchanan Communications
Tim Thompson
Ben Romney
Tel: +44 (0)207 466 5000



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

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Sound Oil completes Marciano-1ST perforation
StockMarketWire.com
Sound Oil has completed the perforation operation on Marciano-1ST successfully and to schedule

The rig is being demobilised and is expected to be off site within the next two days.

The clean-up and flowing of fluids in the formation is the next part of the operation and was scheduled to follow on immediately, without the need for a rig.

But this operation has been temporarily suspended because a contractor's equipment that is required for the lift and flow of the well, failed on site.

Replacement equipment has been identified and will be available in approximately one week when the operation is expected to re-commence.

Chairman Gerry Orbell said: "This is one of those frustrations that can crop up from time to time in any well operation when a lot of interdependent equipment is required.

"The contractor is making every effort to replace the equipment as quickly as possible but in the meantime we are held up for a short time."



At 1:19pm: (LON:SOU) share price was -0.07p at 3.58p


Story provided by StockMarketWire.com

Good honest update, well done GO.