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Sound Oil reports of successful production test
08-01-2013 13:13
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Sound Oil, an oil and gas company based in Italy, has reported the Sabbie reservoir at the Rapagnano field flowed at a stabilised rate of 0.48m standard cubic feet per day during the second of two three-hour drawdown periods.
The well is now shut in for a final build up period of twelve hours prior to what it describes as the retrieval of down-hole pressure gauges.
James Parsons, Sound Oil's Chief Executive Officer, said: "I am pleased with the successful production test, which confirms our view that Sound Oil will be a gas producer very shortly.
"The company will now focus on preparations for the forthcoming Nervesa appraisal well."
The share price rose 3.23% to 8.0p by 13:31.
NR
The well is now shut in for a final build up period of twelve hours prior to what it describes as the retrieval of down-hole pressure gauges.
James Parsons, Sound Oil's Chief Executive Officer, said: "I am pleased with the successful production test, which confirms our view that Sound Oil will be a gas producer very shortly.
"The company will now focus on preparations for the forthcoming Nervesa appraisal well."
The share price rose 3.23% to 8.0p by 13:31.
NR
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