5th Apr 2006 07:01
Soco International PLC05 April 2006 SOCO International plc ("SOCO" or "the Company") Marine XI Award Finalised SOCO is an international oil and gas exploration and production company,headquartered in London, traded on the London Stock Exchange and a constituentof the FTSE 250 Index. The Company has continuing interests in Vietnam, Yemen,Thailand and the Republic of Congo (Brazzaville) with ongoing productionoperations in Yemen. The Company announces the finalisation of the award announced in August 2005 ofa 75% working interest in the Production Sharing Contract (PSC) covering theMarine XI block, offshore the Republic of Congo (Brazzaville). During itsextraordinary session, the Congolese Parliament and the Senate approved theterms of the Marine XI PSC. The law became effective 30 March when signed bythe President of the Republic. 05 April 2006 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive and Chief Tel: 020 7747 2000 Financial Officer Pelham Public RelationsJames Henderson Tel: 020 7743 6673Alisdair Haythornthwaite Tel: 020 7743 6676 Notes to editors: SOCO holds its interests in the Republic of Congo (Brazzaville) through its 85%owned subsidiary SOCO Exploration and Production Congo ("SOCO EPC"). SOCO EPCis the designated operator of Marine XI. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pharos Energy