Sound Oil reports of successful production test

Sound Oil, an oil and gas company based in Italy, has reported the Sabbie reservoir at the Rapagnano field flowed at a stabilised rate of 0.48m standard cubic feet per day during the second of two three-hour drawdown periods.

The well is now shut in for a final build up period of twelve hours prior to what it describes as the retrieval of down-hole pressure gauges.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

"The company will now focus on preparations for the forthcoming Nervesa appraisal well."

The share price rose 3.23% to 8.0p by 13:31.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.