Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy.
Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease
contract for the well addressing the Nervesa discovery, which has an estimated
net present value at a discount rate of 10% of $66 million and is expected to
provide material cash flows from 2015, on the Carita permit in
Northern
Italy
.
-Shares at 0815 GMT, up 2.6%, at 5 pence valuing the company at GBP16.3
million.
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