Sound Oil turns down offer for Badile prospect in Italy

Sound Oil said Tuesday it turned down a farm-in agreement for its Badile exploration prospect in northern Italy.

Sound Oil said Tuesday it turned down a farm-in agreement for its Badile exploration prospect in northern Italy.

The company received an offer from an undisclosed Italian oil and gas major but decided to retain its wholly-owned operated position at the prospect, saying: "The offer did not reflect the potential of this major asset."

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