Awarded Best AIM Company 2016

Share price at 22:25 51.25GBp

Day change:

-0.75p -1.44%

Share price information delayed by 15 minutes

View detailed share price

Solfara Mare

License Details:

Area 337.0 km2
Status Application
Term N/A


Sound Energy 100%

Permit Area History

The Solfara Mare application area is located in Calabria, in the south of Italy. The area falls within the gas-prolific Sibari Basin, where the main successful plays are gas charged Pliocene-Miocene clastics.

The area was previously explored by SELM (Montedison) as part of the Mirto Permit. In 1988 the Seggio Romano-1 well discovered gas in the Pliocene aged Santerno Formation sands. The well tested gas at 1.4 MMscfd from the lower levels in a faulted anticlinal structure. Other levels of this structure remain undrilled. Significant gas shows were recorded in six other wells in the area.

Recent Permit Activity

Sound Energy applied for the permit in 2008. The Company submitted an Environmental Impact Assessment in 2010. To date only G&G data studies have been undertaken on the licence.

Sound Energy’s strategy is to continue to evaluate the resource potential of the Seggio Romano discovery and to consider this for future exploration, appraisal and development drilling.