RNS Number : 8395B
Sound Oil PLC
12 January 2015

12 January 2015


Sound Oil plc

("Sound Oil" or "the Company")


2014 Production Update


Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to provide an update on 2014 production.


Total production for calendar year 2014 from the onshore Rapagnano and Casa Tiberi gas fields in Italy was 4.44 MMScm (156.9 MMScf).  This was achieved without lost time incident.  The 2014 production is a 97% uplift on the 2013 level, largely due to the Company benefitting from a full year of production at Rapagnano (2013: 7 months) and first gas from the Casa Tiberi gas field which was achieved in July 2014.  The average production rate was 12,174 Scmd (0.43 MMScfd).


Total 2014 gas deliveries yielded revenue of approximately €1.2 million which broadly covers the Company's Italian cost base.  The Company expects to secure first gas at the onshore Nervesa gas discovery during 2015 and is pleased to confirm that the price at which its gas production is sold remains largely unaffected by the recent decline in global oil prices. 



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

Peel Hunt - Broker

Richard Crichton

Charles Batten


Tel: 44 (0)20 7418 8900



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.


This information is provided by RNS
The company news service from the London Stock Exchange