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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sound Energy Plc | LSE:SOU | London | Ordinary Share | GB00B90XFF12 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.023 | -2.74% | 0.817 | 0.80 | 0.834 | 0.802 | 0.78 | 0.802 | 2,709,449 | 16:35:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.00 | 14.94M |
TIDMSOU
Sound Oil PLC
06 August 2015
6 August 2015
Sound Oil plc
("Sound Oil" or the "Company")
Sound Oil signs a gas sales agreement with Shell Energy Italia
Sound Oil, the Mediterranean focused upstream gas company is pleased to announce the signature of a gas sales agreement for the Casa Tonetto production concession, which includes the Nervesa gas field, with Shell Energy Italia, the local arm of Shell Energy Europe, which is Shell's gas, power and emissions trading entity in Europe.
The Agreement follows the recent Casa Tonetto production concession award and includes a pricing mechanism that enables Sound Oil to manage its risk/reward balance.
James Parsons, Sound Oil's Chief Executive Officer, commented:
"I am very pleased to report the signature of the gas sales agreement, which increases our exposure to Italian gas market and represents the first relationship with the Shell Group"
For further information please contact:
Vigo Communications - PR Tel: +44 (0)20 Adviser 7016 9573 Patrick d'Ancona Chris McMahon Alexandra Roper Sound Oil j.parsons@soundoil.co.uk James Parsons, Chief Executive Officer Smith & Williamson - Nominated Tel: +44 (0)20 Adviser 7131 4000 Azhic Basirov David Jones Ben Jeynes Peel Hunt - Broker Tel: +44 (0)20 Richard Crichton 7418 8900 Charles Batten
This information is provided by RNS
The company news service from the London Stock Exchange
END
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