Operation Update

RNS Number : 0794Q

Sound Oil PLC

12 October 2011

 



12 October 2011

Sound Oil plc

("Sound Oil" or "the Company")

Operations update - Citarum PSC

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, refers shareholders to the following extract from an announcement released on 11 October 2011 by Pan Orient Energy Corp., the operator of the Citarum PSC located on Java, Indonesia in which Sound Oil has a 20% interest:

"Site construction has been completed for the Jatayu-1 well, is currently underway for the Cataka-1 well, and will be followed thereafter for the third well location.  All drilling services contracts have been awarded.  The drilling rig is currently stacked in close proximity to the Cataka-1 well location and will be moved onto the Cataka-1 well site and commence drilling upon the completion of the drill pad construction which is anticipated in mid-November 2011.  The Cataka-1 well will be the first of a three well back to back exploration program that is anticipated to continue into the first two months of 2012."

For further information please contact:

Sound Oil Gerry Orbell, Chairman and Chief Executive Michael Cope, Chief Operating Officer	Tel: [phone]
Smith & Williamson - Nominated Adviser Azhic Basirov David Jones	Tel: [phone]
Investec - Broker Charles Batten David Flin Adam Strachan	Tel: [phone]
Buchanan Communications Tim Thompson Ben Romney Helen Chan	Tel: [phone]

 

END

 

 

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