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Wed, 01st Apr 2020 12:03
Oil and gas explorer Sound Oil has reshuffled its management ranks, following the group expansion into Morocco. The Mediterranean-focused group said Luca Madeddu, an existing director of the company and currently the managing director of Italian operations, will assume the role of managing director
Read moreShares in Sound Oil plunged over 15% early on Tuesday, as the oil and gas explorer announced it had chosen to abandon its second appraisal well at its onshore Nervesa discovery in Northern Italy. The London-listed group said gas had been found on the site, although it was unable to secure a stabilis
Read moreSound Oil fell nearly 11% on Monday following a mixed update on the company's Nervesa appraisal well in Italy. Sound Oil said it has successfully perforated and completed seven intervals in the lower section of the reservoir where the most significant gas shows were identified at the onshore Nervesa
Read moreOil and gas explorer Sound Oil said it has been granted a month-long exclusivity period during which it could acquire a stake on the Tendrara licence in Morocco. If negotiations are successful, the Moroccan Oil and Gas Investment Fund, which currently owns the licence for the Moroccan project, will
Read moreSky: JP Morgan reiterates neutral stance and 1,170p target. GlaxoSmithKline: UBS reiterates buy and 1,700p target. StanChart: Nomura reiterates neutral and lifts target to 1,170p from 1,030p. UBS reiterates neutral stance with 1,000p target. Henderson Group: Citi reiterates buy with 3,250p target.
Read moreSound Oil, the European focused upstream oil and gas company, was downgraded by Westhouse Securities on Wednesday. The analysts took the company from 'add' to 'neutral' on the basis that the Sound Oil shares are now fairly valued given the strong performance of the past four months. Westhouse sugges
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