31st Aug 2006 07:01
Sound Oil PLC31 August 2006 Sound Oil plc("Sound Oil" or the "Company") 31 August 2006 Kerendan POD approval Sound Oil announces that Elnusa Bangkanai Energy Ltd ("EBE") the operator of theBangkanai Production Sharing Contract has received approval from BP MIGAS (theIndonesian government agency responsible for the supervision and control ofupstream oil and natural gas business activities) for its plan of development("POD") of the Kerendan area gas reserves, in Kalimantan. Following its recentacquisition of Mitra Energia Limited, Sound Oil has an effective workinginterest of 34% in the Bangkanai production sharing contract covering theKerendan gas field. Commenting on the approval of the POD, Gerry Orbell, Chairman and ChiefExecutive of Sound Oil, said "this is excellent news and an important steptowards the development of the gas reserves that have been identified atKerendan". Enquiries Gerry Orbell, Chairman 07903 861145Sound Oil [email protected] Buchanan CommunicationsTim Thompson 020 7466 5000Ben Willey 020 7466 5000Nick Melson 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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