25th Apr 2006 10:38
Soco International PLC25 April 2006 SOCO International plc ("SOCO" or "the Company") Declaration of Commerciality for the Ca Ngu Vang Field SOCO is an international oil and gas exploration and production company,headquartered in London traded on the London Stock Exchange and a constituent ofthe FTSE 250 Index. The Company has interests in Vietnam, Yemen, Thailand andthe Republic of Congo with production operations in Yemen. The Hoan Vu Joint Operating Company ("HVJOC") today acknowledged the receipt ofunanimous approval of the Declaration of Commerciality on the Ca Ngu Vang ("CNV") field on Block 09-2, offshore Vietnam, by the shareholders of the HVJOC. Ed Story, President and Chief Executive of SOCO, commented: "The Declaration of Commerciality for the Ca Ngu Vang oil field is the firstaffirmation of the commercial success of our exploration efforts in Vietnam. Weare confident that there will be more to follow in this oil rich explorationprovince consisting of multiple, extensive high quality productive reservoirs." 25 April 2006 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive and Tel: 020 7747 2000 Chief Financial Officer Pelham Public RelationsJames Henderson Tel: 020 7743 6673Alisdair Haythornthwaite Tel: 020 7743 6676 Notes to editors: SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, throughits 80% owned subsidiary SOCO Vietnam Limited ("SOCO Vietnam"). SOCO Vietnamholds a 25% working interest in Block 9-2, which is operated by the Hoan VuJoint Operating Company and a 28.5% working interest in Block 16-1, which isoperated by the Hoang Long Joint Operating Company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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