Sound Energy Regulatory News (SOU)

22 Aug 2007 10:34

Sound Oil PLC22 August 2007 Sound Oil plc22 August 2007 Pasundan-1 Operations Update Further to the article in today's Malaysian Star Newspaper concerning thePasundan-1 well, Sound Oil plc is able to confirm that traces of oil and gas have been detected within the Baturaja Formation reservoir objective. Samples of hydrocarbon gases have been obtained from several individual levels over thedepth range 6762 ft to 8080 ft. Some of these samples are associated with thezone of significant losses which caused earlier operational problems with thewell (Sound Oil press release 4 July 2007). In addition, formation sidewallcore samples over the range 7114 ft to 7124 ft showed very faint indications ofoil. Because of very bad hole conditions these hydrocarbon shows cannot beunequivocally confirmed from wireline log interpretations. It is too early to assess the commercial significance of these oil and gas showsand additional formation evaluation will be necessary to determineif subsequent testing of the well is required. Currently the well is drilling ahead below the 7-inch liner towards the deeperTalang Akar and Jatibarang objectives. Sound Oil plc is a 20% shareholder (through its wholly owned subsidiary MitraEnergia Citarum Limited) in the BPREC operating company that is drilling thePasundan-1 exploration well, located approximately 50 km southeast of Jakarta,Java, Indonesia. Contacts: Gerry Orbell, Sound Oil plcTel +44 (0) 7903 861145 Azhic Basirov/David Jones, Smith & Williamson Corporate Finance LimitedTel: +44 (0) 207 131 4000 Tim Thompson/Nick Melson, Buchanan CommunicationsTel +44 (0) 207 466 5000 This information is provided by RNS The company news service from the London Stock Exchange