Sound Oil gets approval from authorities for Nervesa well

Sound Oil, an Italian focused upstream oil and gas company, has received formal approval from the Treviso Province authorities of the Environmental Impact Assessment for the Nervesa appraisal well.

The company says it expects final approval from the Italian Ministry of Economic Development will follow in about five weeks. Formal operations at the site will then begin with a view to starting drilling around the end of the year.

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

"This approval starts the countdown to well spud, which Sound Oil is targeting around the end of the year."

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.