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Sound Oil: Rapagnano production to start by end of month

 

Italian oil and gas company Sound Oil (LON:SOU) has revealed gas production from its Rapagnano field, onshore Italy, is expected to begin before the end of the month.

It comes after UNMIG, the Italian Ministry of Economic Development, successfully completed a commissioning inspection of the gas field, with the endorsement of the local fire brigade.

“We are pleased to report the successful commissioning and will shortly achieve the strategic milestones of first gas and first revenue,” said chief executive James Parsons.

“Rapagnano is one of our smaller assets; however, it establishes the company as a gas producer and builds a foundation for further growth.”

Shares started the day up 5%.

 

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