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Pin to quick picksSound Energy Regulatory News (SOU)

Share Price Information for Sound Energy (SOU)

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Share Price: 0.90
Bid: 0.90
Ask: 0.93
Change: -0.024 (-2.56%)
Spread: 0.03 (3.333%)
Open: 0.902
High: 0.904
Low: 0.90
Prev. Close: 0.939
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Response to Press Comment

15 Nov 2010 08:00

RNS Number : 1457W
Sound Oil PLC
15 November 2010
 



For immediate release 15 November 2010

 

Sound Oil plc

Response to Press Comment

Sound Oil plc notes the speculation in the FT over the weekend and can confirm that the company is in discussions to acquire Consul Oil and Gas, which owns a portfolio of Italian appraisal, development and exploration assets, and simultaneously undertake a placing to raise working capital for the enlarged group. The transaction is not deemed a reverse takeover under the AIM Rules for Companies. Discussions are ongoing and a further announcement will be made in due course.

 

Enquiries:

 

Sound Oil plc Tel: 07903 861 145

Gerry Orbell, Chairman

 

finnCap Tel: 020 7600 1658

Sarah Wharry / Henrik Persson (corporate finance)

Tom Jenkins / Joanna Weaving (corporate broking)

 

Buchanan Communications

Tim Thompson Tel: 020 7466 5000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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