Drawdown on Equity Line

10 November 2011

Sound Oil plc

("Sound Oil" or "the Company")

Drawdown on Equity Line

Sound Oil announces that it has drawn down on its Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("Yorkville") in the amount of £350,000. This draw down has been undertaken at a price of 2.6p per share and will result in the issue of 13,461,538 ordinary shares of 0.1p each in the Company ("the New Ordinary Shares") to Yorkville.

The proceeds of the draw down will be applied to the funding of Sound Oil's combined work programme and ongoing costs of the Company and its subsidiaries.

Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 17 November 2011. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.

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