RNS Number : 1681T
Sound Oil PLC
16 July 2015

16 July 2015


Sound Oil plc

("Sound Oil" or the "Company")


Production Concession Award


Sound Oil, the Mediterranean focused upstream gas company is pleased to announce the award of the Casa Tonetto production concession (which includes the Nervesa discovery) from the Italian Ministry of Economic Development (the "Production Concession"). 


The award of the Production Concession is the final step in the permitting process to enable commercial production from the onshore well successfully drilled at the Nervesa gas discovery by Sound Oil in 2013.   


Construction of production facilities is expected to commence shortly in anticipation of securing first commercial gas later this year.   


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


"First commercial gas at Nervesa will be a significant milestone for the Company and I am pleased to report that we have now finalized the associated permitting.


The Nervesa discovery is approximately 80 metres from the high and low pressure gas distribution networks. Similar to the Company's other existing onshore discoveries, Nervesa benefits from very strong gas prices.  A Gas Sales Agreement with a long term partner is expected to be signed shortly."



For further information please contact:


Sound Oil

James Parsons, Chief Executive Officer




Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper


Tel: 44 (0)20 7016 9573

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes


Tel: 44 (0)20 7131 4000



Peel Hunt -Broker

Richard Crichton

Charles Batten


Tel: 44 (0)20 7418 8900







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