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.

Mining and Resource Investor Evening- London – 28th February 2013

Following the resounding success of our previous evening events, Mining and Resources Quarterly and Shares Magazine are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

REGISTER NOW

Date: Thursday 28th February 2013
Venue: Novotel London Bridge, 10 Pepys Street, London EC3N 2NR
Registration: 6.00pm
Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:

Northcote Energy Ltd

Northcote Energy is a US focused oil & gas company with a balanced portfolio of new exploration and exploitation opportunities blended with a stable of existing producing wells primed for high impact development. The primary focus is on Mississippi Lime formation in Oklahoma, where new technologies and techniques including horizontal drilling have re-opened the oil play and which has seen US majors such as Chesapeake Energy, Devon Energy Corp. and SandRidge Energy build a strong presence.

Ortac Resources Plc

Ortac Resources Plc (OTC) is focused on financing and developing projects in the natural resource sector in Europe. Using industry knowledge, and project development and technology expertise, we identify new business opportunities and develop sustainable solutions to mobilise the economic and human potential of resource assets. In partnership with local communities, we co-create projects that deliver robust investment returns while respecting the criteria of socially responsible investment. We create value by implementing innovative and sustainable solutions for the development of natural resources


Silvermere Energy Plc

Silvermere Energy (SLME) is an oil and gas exploration and development company focused on opportunities in North America.
The development of the Mustang Island 818-L field, located offshore Kleberg County, Texas in waters of the Gulf of Mexico, a field re-habilitation project targeting bypassed or only partially produced gas-condensate. During the period from January 1980 to February 1995, the field had produced a total of 138.9 Bcf of gas. Its principle asset is a 33% working interest in a 20.83 per cent. net entitlement interest (after deductions of overriding royalties) in the Mustang Licence Area.

Speaker : Andy Morrison, CEO

Sound Oil Plc

Sound Oil (SOU) is an Italian focused small cap exploration company, listed on AIM with strong liquidity and focused on turning our current portfolio of high upside assets into shareholder value.
They have begun a journey to become a mid cap, producing, Oil and Gas Company. Their target portfolio remains a blend of high upside exploration and development assets with some solid, cash generating production.
Speaker: James Parsons, CEO

REGISTER NOW




Dress code: business attire

Video Talk
Sound Oil announces revised drill programme,James Parsons, CEO of Sound Oil (LON:SOU) and the MD Italy, Luca Madeddu | Directors Talk
http://www.directorstalk.com/sound-oil-announces-revised-drill-programmejames-parsons-ceo-of-sound-oil-lonsou-and-the-md-italy-luca-madeddu/#sthash.opQ5DlzM.dpbs

Watch James Parsons, CEO present at the Oilbarrel conference.

Video Webcast

Sound Oil narrowed its full-year pretax loss to £4.8 million, from a loss of £5.6 million, and said the year had been one of significant positive change for the company.

"The Company is now focused firmly on growth firstly through developing its exciting Italian assets, including the Nervesa and Laura discoveries and the Badile and Zibido exploration prospects," Sound Oil said in a statement.

It was seeking to growth both the size and diversity of its portfolio by acquiring companies and assets in the Mediterranean region that met its criteria for operated and accretive growth.

"In short, the Company is now well positioned with a clear growth strategy, strong financial and operational discipline, some £6.9m cash in the bank and an attractive Italian portfolio with game-changing potential across which we control our own destiny."

Looking ahead, Sound Oil said 2013 was already promising to be a significant year for the company, having reached the strategic milestone of delivering first gas at the Rapagnano Field so earning the Company's first revenue since our listing in 2005.

"The Company is about to begin drilling our first appraisal well on the Nervesa gas discovery. Assuming a successful appraisal well, we will prepare for a second appraisal well and commence development planning to move this flagship project into production as soon as possible. We are also pressing ahead with plans to appraise Laura, a significant offshore discovery, and with our exciting onshore exploration prospects Badile and Zibido, we are preparing for an ambitious drilling programme in 2014."

Excellent news :)

Sound Oil has confirmed a gas discovery following the recent Nervesa appraisal drilling. Mud log gas shows were recorded while drilling across multiple sandstone intervals in the target reservoir zone within the Miocene San Dona Formation.

"Whilst a comprehensive technical review is now required to confirm the size of the discovery, it appears sufficiently large to deliver important cash flows and provide funding alternatives for the 2014 drill programme," said CEO James Parsons.

Sound Oil has now completed logging operations and confirms the identification of 476 metres (true vertical depth) of gross pay and 239 metres (true vertical depth) of gross reservoir with 46 metres (true vertical depth) of net gas pay in 13 separate zones.

Planning for completion operations has now commenced with a view to providing the necessary well test data for certification by the Italian Ministry of Economic Development.

A further announcement confirming the estimated quantity of commercial gas and expected cash flows will follow once the Company has fully reviewed the well test results and revised the subsurface model for the field.

Following completion of testing, it is the Company's intention to apply for a Production Concession - with a view to achieving first gas sales in 2015.

"Beyond Nervesa we are now able to execute our well prepared second phase of the plan which includes further preparing the Company for success at Laura (30 Bscf, Euro 66 million NPV) and Badile (175 Bscf, Euro 302 million NPV), introducing institutional investors to the register and growth through acquisition," Parsons said.

with Nervesa results due so soon, i'm surprised there's not more coverage and comments on here?
not worried

I'm keeping my fingers crossed Worrier!

Sound Oil has confirmed a positive well test at the onshore Nervesa discovery in Northern Italy. The well test achieved a stabilised total gas flow rate of 2.7 MMscfd from multiple sandstone intervals in the Upper Miocene San Dona Formation using a dual string completion.

Sound Oil also confirmed that, following a revision of its reservoir model for the full field, the P50 estimate of recoverable gas resources at Nervesa has increased from 21 Bcf (with an estimated NPV10 of $58m) to 24 Bcf (with an estimated NPV10 of circa $66m).

Following these successful results, the Company will continue with its plans to:

- apply for a Production Concession with a view to achieving first gas sales at Nervesa in 2015;

- drill a second well at Nervesa, addressing the Southern part of the structure; and

- secure a Reserve Based Lending ("RBL") facility to provide funding for the next stage of Sound Oil's development;

This is excellent news for Sound. So can someone please explain to me why the SP has tanked by almost 10%, making it one of the biggest fallers on the market today?!

Think some profit taking from those that had been anticipating good news. Back up a bit today

Sound Oil just been added to one of our events.


Mining and Resource Investor Evening- London – 19th September 2013

Following the resounding success of our previous evening events, Mining and Resources Quarterly and Shares Magazine are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.



Date: Thursday 19th September 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

REGISTER NOW FOR LONDON EVENT ON 19th September 2013

Companies Presenting:

FASTNET OIL AND GAS (AIM:FAST)


Fastnet Oil & Gas is an AIM quoted oil and gas exploration company focused on identifying early stage exploration and appraisal opportunities in Offshore Africa and Ireland. Fastnet’s aim is to assemble a portfolio of high impact conventional oil and gas assets in areas that have been underexplored by industry majors. The Company has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry.

Speaker : Paul Griffiths, Managing Director



SOUND OIL Plc


Sound Oil (SOU) is an Italian focused small cap exploration company, listed on AIM with strong liquidity and focused on turning our current portfolio of high upside assets into shareholder value.

They have begun a journey to become a mid cap, producing, Oil and Gas Company. Their target portfolio remains a blend of high upside exploration and development assets with some solid, cash generating production.

Speaker: James Parsons, CEO



WEATHERLY INTERNATIONAL (AIM:WTI)

Weatherly is a mining, development and exploration company focusing on copper in Namibia. Their portfolio includes two producing mines as well as further development projects and exploration potential.

Speaker: Rod Webster, Chief Executive Officer



Dress code: business attire

REGISTER NOW FOR LONDON EVENT ON 19th September 2013

This continued selling is crazy!

20% up today on no news. Someone must know something....

Nice move over past few months.