10 January 2014
Sound Oil plc
("Sound Oil" or "the Company")
Rapagnano Production Update
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce an update on 2013 production at the onshore Rapagnano field.
Total 2013 production for the period May to December was 2.25 MMscm (79.45 MMscf), some 15% above budget. This was achieved without lost time incident. The average production rate was 9,770 Scmd (0.34 MMscfd) with total 2013 gas deliveries yielding revenue of circa €567,000, which is €900,000 on an annualised basis.
The Company plans to produce a further 1.2 Bscf over a twelve year period.
For further information please contact:
James Parsons, Chief Executive Officer
Stuart Joyner, Chief Financial Officer
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Peel Hunt - Broker
Tel: 44 (0)20 7418 8900
Scm means standard cubic metres; Scmd means standard cubic metres per day; MMscm means million standard cubic metres; MMscf means million standard cubic feet; MMscfd means million standard cubic feet per day; Bscf means billion standard cubic feet.