PHAROS ENERGY PLC

Net Asset Value • Mar 13, 2017

National Storage Mechanism | Additional information

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RNS Number : 2006Z

Soco International PLC

13 March 2017

SOCO International plc

("SOCO" or the "Company") 

Resumption of Drilling on Te Giac Trang ("TGT")

SOCO, an international oil and gas exploration and production company, announces that the Hoang Long Joint Operating Company has resumed the 2017 TGT drilling programme. The jack-up drilling rig, PetroVietnam Drilling VI ("PVD VI") has now moved on to location at the H1 Wellhead Platform ("WHP").

Preparations to commence drilling the TGT-H1-30P well into the crestal part of the H1.1 Fault block were completed and the well was spudded on 8 March 2017. The well will target the Miocene and Oligocene reservoir horizons. It is expected to take 30 days to drill and complete the well. The PVD VI rig will then move to the H5-WHP to continue the remaining, two well, 2017 TGT development/appraisal drilling programme.

ENQUIRIES:

SOCO International plc

Antony Maris, Chief Operating Officer

Tel: 020 7747 2000

Bell Pottinger

Nick Lambert

[email protected]

Tel: 020 3772 2558

Elizabeth Snow

[email protected]

Tel: 020 3772 2582

NOTES TO EDITORS

SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.

SOCO holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam.

This information is provided by RNS

The company news service from the London Stock Exchange

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