Sound Oil delays Strombone to raise drill cash

Italy-focused UK junior Sound Oil has delayed its Strombone appraisal well to raise $9 million cash to cover the cost of turning down a farminee at its Badile oil prospect.

Honing plans: Sound Oil chief says explorer is refocusing on key assets
Honing plans: Sound Oil chief says explorer is refocusing on key assets
Published 27 February 2013, 09:21Updated 11 October 2016, 14:26
Europe