Sound Oil Signs Italian Land Lease Contract

Sound Oil Signs Italian Land Lease Contract
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Τρι, 28 Ιανουαρίου 2014 - 18:30
Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy.
Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy .

-Shares at 0815 GMT, up 2.6%, at 5 pence valuing the company at GBP16.3 million.

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