Last checked at 26 Jan 2010 11:20
26 January 2010
Sound Oil plc ("the Company")
Operations Update Citarum PSC
The Operator of Citarum PSC has reported that the acquisition of more than 1,100 line kilometres of 2D seismic data continues and completion is anticipated in late Q2/10.
Seismic data processing and mapping of the first third of the program has been completed with the identification of three prospects in the region of the block directly adjacent to the Pasar Jadi and Subang gas fields. Target depths are shallow, ranging between 800 to 1,800 meters and mapped structural closures are up to 25 square kilometres in maximum areal extent.
A drilling program of three wells at Citarum will commence in the last half of 2010, the exact timing largely a function of Ministry of Forestry approvals for proposed well locations.
Gerry Orbell, Chairman commented, "The acquisition of this seismic program has been slower than expected due to the difficulty in drilling shot holes in the volcanic terrain. It is however very encouraging that three exploration prospects have been identified from the first part of the survey at relatively shallow levels which could be drilled in the near future".
Dr Michael Cope BSc PhD CGeol, Head of Exploration at Sound Oil, a Chartered Geologist in the United Kingdom, has reviewed the technical information contained in this news release.
Further information on the Company can be found at www.soundoil.co.uk.
For further information please contact:
| Sound Oil | 07903 861145 |
| Gerry Orbell, Chairman | |
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| Smith & Williamson Corporate Finance - Nomad | 020 7131 4000 |
| Azhic Basirov | |
| David Jones | |
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| Evolution Securities - Joint Broker | 020 7071 4300 |
| Tim Redfern | |
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| Religare Hichens, Harrison - Joint Broker | 020 7382 7776 |
| Daniel Briggs | |
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| Buchanan Communications | 020 7466 5000 |
| Tim Thompson | |