18th Apr 2006 07:01
Soco International PLC18 April 2006 SOCO International plc ("SOCO" or "the Company") VIETNAM DRILLING UPDATE 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 andthe Republic of Congo (Brazzaville) with production operations in Yemen. The Te Giac Trang appraisal well (TGT-3X) on Block 16-1 in the Cuu Long Basinoffshore Vietnam reached a total measured depth of 3,650 metres. The well hasbeen logged and preparations are underway to test. The well spudded on March 20, 2006 as a follow-up approximately ten kilometressouth of the recent TGT-2X appraisal well that tested with a total combined flowrate of approximately 17,500 barrels of oil equivalent per day ("BOEPD") of 38degree API gravity crude from the Miocene Lower Bach Ho 5.2 and Oligocene "C"intervals. Test results should be available in approximately two weeks. 18 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 Vietnam, all in the Cuu Long Basin offshore, throughits 80% owned subsidiary SOCO Vietnam Limited ("SOCO Vietnam"). SOCO Vietnamholds a 25% working interest in Block 9-2, which is operated by the Hoan VuJoint Operating Company and a 28.5% working interest in Block 16-1, which isoperated by the Hoang Long Joint Operating Company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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