LONDON (ShareCast) - Sound Oil, the European-focused upstream oil and gas company, has reported that drilling of the Nervesa appraisal well in onshore Italy is expected to take place later this month.

In a project update issued on Tuesday, the company reported that it had been advised by the owner of the contracted Drilltec TB2100S drilling rig, that the rig had reached total depth at its current location in the Netherlands.

The company said that the well would now be completed, after which the rig would mobilise to Italy where spud of the well would commence.

It added that in anticipation of the rig's arrival, all site construction work for the Nervesa appraisal well had been completed.

Sound Oil’s share price was unchanged at 8.12p at 08:43 on Tuesday.

MF

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