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Pin to quick picksSound Energy Regulatory News (SOU)

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Spread: 0.20 (11.111%)
Market Cap: £4.35m
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Operation Update

12 Oct 2011 16:47

RNS Number : 0794Q
Sound Oil PLC
12 October 2011
 



12 October 2011

Sound Oil plc

("Sound Oil" or "the Company")

 

Operations update - Citarum PSC

 

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, refers shareholders to the following extract from an announcement released on 11 October 2011 by Pan Orient Energy Corp., the operator of the Citarum PSC located on Java, Indonesia in which Sound Oil has a 20% interest:

 

"Site construction has been completed for the Jatayu-1 well, is currently underway for the Cataka-1 well, and will be followed thereafter for the third well location. All drilling services contracts have been awarded. The drilling rig is currently stacked in close proximity to the Cataka-1 well location and will be moved onto the Cataka-1 well site and commence drilling upon the completion of the drill pad construction which is anticipated in mid-November 2011. The Cataka-1 well will be the first of a three well back to back exploration program that is anticipated to continue into the first two months of 2012."

 

 

 

For further information please contact:

 

Sound Oil

Gerry Orbell, Chairman and Chief Executive

Michael Cope, Chief Operating Officer

 

Tel: +44 (0)1372 365745

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

 

Tel: +44 (0)20 7131 4000

Investec - Broker

Charles Batten

David Flin

Adam Strachan

 

Tel: +44 (0)20 7597 4000

Buchanan Communications

Tim Thompson

Ben Romney

Helen Chan

 

Tel: +44 (0)20 7466 5000

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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