Mediterranean-focused explorer Sound Oil has appointed the managing partner of its institutional investor to its board.
Continental Investment Partners’ Marco Fumagalli is joining the company as non-executive director following an investment agreement between the two parties in April this year.
The agreement set out and injection of £14million into Sound Oil by Continental, with the funds earmarked for the explorer’s drill programme for 2015, including Italian assets Nervesa and Badile.
Fumagalli is a 25% shareholder in the investment firm.