Sound Energy Reports Progress On Moroccan, Italian Licences
regional approval process (which resulted in the issue of the "Intesa") on 30th November 2015. The Company was advised on 27th December 2015 that the central (and final) approval process will likely complete at the forthcoming "Conferenza dei Servizi", hosted by the Italian Ministry of Economic Development, which is scheduled for the end of January. The final permission to drill is expected to be granted after this meeting. The Company is also pleased to confirm that it has now completed, with external independent support, the acquisition of additional well stratigraphic
Sound Oil's Nervesa gets EIA Approval
Sound Oil, the European focused upstream oil and gas company has received the final EIA approval from the Veneto Region for the second Nervesa appraisal well, which will seek to confirm and develop the Southern discovery. The drilling authorisation from the Italian Ministry of Economic Development is expected later this month and operations on site are ready to commence. James Parsons, Sound Oil's Chief Executive Officer commented, "Nervesa remains a flagship project for Sound Oil with an estimated NPV10 of circa US$66 million. The drilling of the next well commences