Soco International PLC
14 December 2006
SOCO International plc
('SOCO' or 'the Company')
TGT-5X Preliminary Test Results
SOCO is an international oil and gas exploration and production company,
headquartered in London, traded on the London Stock Exchange and a constituent
of the FTSE 250 Index. The Company has interests in Vietnam, Yemen, Thailand,
the Republic of Congo (Brazzaville) and the Democratic Republic of Congo
(Kinshasa) with production operations in Yemen.
Further to an announcement earlier today by a PetroVietnam Exploration &
Production Company representative during a symposium in Ho Chi Minh City in
Vietnam, preliminary test results from Miocene Lower Bach Ho 5.2 pay zone in the
TGT-5X appraisal well on the Te Giac Trang ('TGT') structure on Block 16-1
offshore Vietnam yielded approximately 7,300 barrels of oil per day ('BOPD'). An
earlier test from the Oligocene interval in the same well flowed approximately
7,000 BOPD, thus producing a preliminary combined test of more than 14,000 BOPD.
Testing is still underway in the Miocene interval. Final results and details of
both tests will be announced when testing is complete, which is expected to be
later this week.
14 December 2006
ENQUIRIES:
SOCO International plc
Roger Cagle Deputy Chief Executive and Chief Financial Tel: 020 7747 2000
Officer
Pelham Public Relations
James Henderson Tel: 020 7743 6673
Alisdair Haythornthwaite Tel: 020 7743 6676
Notes to editors:
SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, through
its 80% owned subsidiary SOCO Vietnam Limited (SOCO Vietnam) and through its
100% ownership of OPECO, Inc.. SOCO Vietnam holds a 25% working interest in
Block 9-2, which is operated by the Hoan Vu Joint Operating Company ('HVJOC')
and holds a 28.5% working interest in Block 16-1, which is operated by the Hoang
Long Joint Operating Company ('HLJOC'). OPECO, Inc. holds a 2% interest in Block
16-1.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.