The company, in a stock market statement, this afternoon provided an update following a meeting with the Italian Ministry of Economic Development which was hosted to discuss the final permission for the project.
It said there was “positive dialogue” and that no objections have been raised regarding the project.
The authorities have, however, requested additional technical information which the company now intends to submit shortly, before another meeting is held.
Badile, located onshore in the northwest of Italy, is located nearby to ENI Gaggiano oil field and it is estimated to host some 400mln barrels of oil equivalent resources. The plan is to drill an exploration well.
Sound Energy has a 100% interest in the project.