Sound Oil's Nervesa gets EIA Approval

Sound Oil, the European focused upstream oil and gas company has received the final EIA approval from the Veneto Region for the second Nervesa appraisal well, which will seek to confirm and develop the Southern discovery.
 
The drilling authorisation from the Italian Ministry of Economic Development is expected later this month and operations on site are ready to commence.
 
James Parsons, Sound Oil's Chief Executive Officer commented, "Nervesa remains a flagship project for Sound Oil with an estimated NPV10 of circa US$66 million. The drilling of the next well commences shortly and will signal the start of an exciting period of back-to-back drilling with the Badile well followed by both the SMG and Laura wells. "