15th Feb 2006 07:01
Soco International PLC15 February 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 continuing interests in Vietnam, Yemen,Thailand and the Republic of Congo with ongoing production operations in Yemen. The Te Giac Trang appraisal well (TGT-2X) on Block 16-1 in the Cuu Long Basinoffshore Vietnam reached a total measured depth of 3,436 metres. The well iscurrently being logged prior to testing. Initial indications from a preliminarylog interpretation suggest that there may be multiple zones of interest. The well spudded on 18 January as an up dip follow-up well to last year's TGT-1Xdiscovery well that tested from a single Miocene interval at a combined maximumrate of 9,432 barrels of oil equivalent per day comprised of 8,566 barrels ofoil per day of 37 degree API gravity crude and approximately 4.86 million cubicfeet of gas per day through a 80/64 inch choke size. The Hoang Long Joint Operating Company, which is the operator of Block 16-1,anticipates that testing will take several weeks. 15 February 2006 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive and Chief Financial Officer Tel: 020 7747 2000 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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