Sound oil awarded Santa Maria Goretti permit

12/25/2013

Sound oil awarded Santa Maria Goretti permit

LONDON -- Sound Oil is awarded the Santa Maria Goretti (SMG) Permit from the Italian Ministry of Economic Development.

The onshore SMG Permit sits in the Marche Region in Italy, covers an area of 101 sqkm and is owned 100% by Sound Oil.The SMG Permit area contains the southern extension of two significant producing gas fields, which are operated by ENI in the adjacent permit.

Sound Oil's internal seismic evaluation and reservoir studies are very encouraging and the company plans to submit a drilling application early in 2014 to appraise the reservoir.

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