18th Jan 2006 11:56
Soco International PLC18 January 2006 SOCO International plc ("SOCO" or "the Company") Spudding of Appraisal Well in Vietnam 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 continuing interests in Vietnam, Yemen,Thailand and the Republic of Congo with ongoing production operations in Yemen. The Company's majority owned subsidiary, SOCO Vietnam Ltd. ("SOCO Vietnam"),announces the commencement of drilling of the second well on the Te Giac Trang("TGT") structure on Block 16-1 in the Cuu Long Basin offshore Vietnam. TheTGT-2X well spudded today after an extended weather delay whilst awaiting to betowed from the Ca Ngu Vang-4X well, which was temporarily suspended in December. The TGT-2X well is an up-dip appraisal well to the discovery well, the TGT-1Xthat tested at a rate of 9,432 barrels of oil equivalent per day. It will be thefourth well in the multi-well drilling programme which began in 2005 in Vietnam. The rig will return to Block 9-2 following completion of the appraisalprogramme in Block 16-1. 18 January 2006 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive and Chief Financial Tel: 020 7747 2000 Officer Pelham Public RelationsJames Henderson Tel: 020 7743 6673Charles Vivian Tel: 020 7743 6672 Notes to Editors SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, throughits 80% owned subsidiary SOCO Vietnam Ltd ("SOCO Vietnam"). SOCO Vietnam holdsa 25% working interest in Block 9-2, which is operated by the Hoan Vu JointOperating Company and a 28.5% working interest in Block 16-1, which is operatedby the Hoang Long Joint Operating This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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