Sound Oil plc has been awarded a new exploration license onshore Italy, which holds a number of prospects and is located nearby a prolific gas province.
The Colle Ginestre license is located in Campobasso (Molise) and Chieti (Abruzzo) on the Adriatic coast of central Italy. The new permit lies in the Southern Apennines fairway for shallower gas and deeper oil and adjacent to the Cupello-San Salvo field which has produced over 330 Bscf from the Pliocene play.
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Source: Penn Energy
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