Shares in Sound Oil, an upstream oil and gas company with assets in Italy and Indonesia, leapt by more than a third on Tuesday after the company told investors drilling has begun on the Geulis-1 exploration well in Indonesia.
The firm said the hole will be drilled to a total measured depth of 3,937ft and will target limestone and sandstone reservoirs over a period of 42 days.
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The share price rose 39.09% to 0.77p by 13:21.
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Inflation holds steady at 3.8% ahead of BoE meetingThe rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
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Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
