14th Dec 2006 09:47
Soco International PLC14 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 constituentof 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 inVietnam, preliminary test results from Miocene Lower Bach Ho 5.2 pay zone in theTGT-5X appraisal well on the Te Giac Trang ("TGT") structure on Block 16-1offshore Vietnam yielded approximately 7,300 barrels of oil per day ("BOPD"). Anearlier test from the Oligocene interval in the same well flowed approximately7,000 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 ofboth tests will be announced when testing is complete, which is expected to belater 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, throughits 80% owned subsidiary SOCO Vietnam Limited (SOCO Vietnam) and through its100% ownership of OPECO, Inc.. SOCO Vietnam holds a 25% working interest inBlock 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 HoangLong Joint Operating Company ("HLJOC"). OPECO, Inc. holds a 2% interest in Block16-1. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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