Successful Testing of Well

2nd Oct 2006 07:02

Soco International PLC02 October 2006 SOCO International plc ("SOCO" or "the Company") Successful Testing of Well KHA 1-16, Yemen 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, theRepublic of Congo (Brazzaville) and the Democratic Republic of Congo (Kinshasa)with production operations in Yemen. The Company's majority owned subsidiary, Comeco Petroleum, Inc. ("Comeco"),through which the Company holds a 16.785% net working interest in the EastShabwa Development Area in Yemen ("ESDA"), announces that the KHA 1-16 producedover 8,400 barrels of oil per day ("BOPD") when tested against a 70/64 inchchoke. The well was drilled on the eastern most 3D seismic parameter as part ofthe continuing appraisal and development of the Basement reservoir in the KharirField. The KHA 1-16 spudded on 5th June 2006 and reached a total depth of 3,298 metresmeasured depth. The objective of the well was to evaluate reservoir developmentin the eastern extension of the structure as currently mapped. Success with thiswell extends the Kharir field to the east beyond the current 3D seismic. Ed Story commented: "This is significant to the Basement reserves in the Kharir Field that continueto increase. The consortium will evaluate the results of this well to decideupon the approach to accessing the further extension of the eastern part of theKharir field." 2 October 2006 ENQUIRIES: SOCO International plc Tel: 020 7747 2000Roger Cagle, Deputy Chief Executive and Chief Financial Officer Pelham Public RelationsJames Henderson Tel: 020 7743 6673Alisdair Haythornthwaite Tel: 020 7743 6676 Notes to Editors Comeco, in which SOCO holds a 58.75% interest, has a 28.57% interest in the ESDAin Block 10 in Yemen. The East Shabwa joint venture is operated by TOTAL Yemen,S.A. (28.57% interest) under a production sharing agreement with the governmentof Yemen. The other joint venture partners are Occidental Yemen Ltd. (28.57%interest) and Kuwait Foreign Petroleum Exploration Co. (14.29% interest). This information is provided by RNS The company news service from the London Stock Exchange

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