8th Sep 2005 14:48
Soco International PLC08 September 2005 SOCO International plc ("SOCO" or "the Company") Spudding of Exploration Well in 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 continuing interests in Vietnam, Yemen,Libya, Thailand and the Republic of Congo with ongoing production operations inYemen. 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 the commencement ofdrilling on the Kharir North prospect. The KHA-3-07 well (previously referredto as the KHA 407 prior to the revised well numbering system agreed with theYemeni authorities) spudded on the 31st of August and is the first welltargeting Basement on this prospect. The KHA-2-17 (previously KHA-406) injector well that spudded on 11th June 2005is currently being connected to the appropriate facilities prior to commencing awater injectivity test. 8 September 2005 ENQUIRIES: SOCO International plcRoger Cagle Deputy Chief Executive and Chief Financial Tel: 020 7747 2000 Officer Pelham Public RelationsJames Henderson [email protected] Tel: 020 7743 6673Alisdair Haythornthwaite [email protected] 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 ExchangeRelated Shares:
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