Sound Energy Regulatory News (SOU)

20 Mar 2006 07:02

Sound Oil PLC20 March 2006 Sound Oil plc ("Sound Oil" or "the Company") Following recent press speculation and movement in the Company's share price,the Company confirms that it has reached agreement in principle for theacquisition of energy resource assets in Asia. The transaction under discussionwould represent a reverse takeover under the AIM Rules and accordingly theCompany has requested that trading in its shares be suspended. Suspension in theshares will be lifted on publication of an admission document relating to thistransaction or at such time as discussions are terminated. Any agreement regarding the reverse takeover will be conditional on the approvalof the Company's shareholders in a general meeting. This information is provided by RNS The company news service from the London Stock Exchange