LONDON (ShareCast) - Oil & gas explorer Sound Oil has won approval to start commissioning a gas field in Italy.
Sound said the Italian Ministry of Economic Development had approved the San Lorenzo production concession, which allows Sound to start commissioning operations at the Casa Tiberi field.
Casa Tiberi, in the Marche region in Italy, was discovered in 2011 and a discovery well identified dry gas.
Operations on site are expected to begin in April and the field is expected to achieve first commercial gas in the first half of 2014.
Chief Executive James Parsons said: "We are pleased to report continued operational progress in Italy.
"Whilst Casa Tiberi is one of our smaller assets, it will add to Sound Oil's near term production and revenue."
Shares in Sound ticked up 0.2p or 3.1% to 6.7p in early trading in London.
PW
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