Italian upstream gas company Sound Energy has encountered “significant gas shows” at the Badile exploration well, onshore Italy.
The company made the announcement to the stock exchange this morning.
The statement said that the well has reached the primary Conchodon dolomitic reservoir target at 4,375m measured depth.
A gas chromatograph indicated that C1 (methane) and C5 (pentane) gas components were found.
The company cautioned that despite being a positive indication, the gas shows should not be considered conclusive until drilling and logging is complete.