Sound Energy PLC (LON:SOU) has told investors that it has nearly wrapped up its operations at the Badile exploration project in Italy.
The company said that the drilling rig has now been fully disassembled and that operations to plug and abandon the well – including the restoration of the site – is expected to be complete by the end of September.
Earlier this summer, Sound shares were hit by the disappointing results from Badile.
READ: Sound Energy investors can start looking forward to new exploration catalysts
Continuing to focus in Morocco
Separately, the company is continuing efforts to focus investors onto its successes in Morocco, where it has unearthed new discoveries and recently expanded its exploration footprint.
This morning, Sound Energy gave details of an investor event it is holding in London on October 5.
The investor relations initiative comes ahead of a new programme, planned to start in the fourth quarter.
READ: Sound Energy gets licence rubber stamp for new Morocco exploration area
In late afternoon trading, Sound Energy shares were 1.1%, or 0.5p at 43.25p.
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