RNS Number : 0501R
Sound Oil PLC
14 November 2012

 14 November 2012


Sound Oil plc

("Sound Oil" or "the Company")


Re-opening of D150 and D148 Permit Applications


Sound Oil, the Italian focused upstream oil and gas company, announces that it has been advised by the Italian Ministry of Economic Development that it has immediately re-opened the Company's applications for two of its offshore permits; d150DR-CS (containing the Laura gas discovery) and d148DR-CS, both located in the Gulf of Taranto, southern Italy.


These two permit applications had previously been withdrawn by the Ministry in August 2011 in compliance with the environmental decree 128/2010 enacted in June 2010 (which was preventing oil and gas activity within a 5 nautical mile radius of the Italian coast).  A new Law 134/2012 gazetted in August 2012 reverses this previous restriction.



James Parsons, Sound Oil's Chief Executive Officer commented:


"The Laura discovery (d150 DR-CS) is one of the "hidden gems" in the Company's portfolio and we are pleased that we shall shortly receive the formal permit award.  The Company intends to prioritise the appraisal and development of this material gas field."



For further information please contact:


Sound Oil

James Parsons, Chief Executive Officer




Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones


Tel: 44 (0)20 7131 4000

Westhouse Securities - Broker

Antonio Bossi

Jonathan Haines


Tel: 44 (0)20 7601 6100


Tim Thompson

Helen Chan

Tom Hufton


Tel: 44 (0)20 7466 5000



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