Make some black gold noise…
On their journey to mid-cap status, Sound Oil PLC (LSE:SOU.L) are an AIM listed small cap with a pure Italian play of operations. On the discussion forums of the ii and lse, investors are currently awaiting news of rig arrival and impending production post June/July at Nervesa.
Earlier this month first gas was delivered at Rapagnano with a production rate of 14,600m cubic metres daily. However analyst Fox Davies are expressing caution with regards to Rapagnanos concessional downgrade in the recent weeks.
Sound have also been tweeting some sporadic messages, that include photos of progress – nice to see a company using social media to interact with potential and current investors. Their LinkedIn account currently shows the unloading of trucks at site!