AGM Statement

Soco International PLC
15 June 2006


                             SOCO INTERNATIONAL PLC
                            ('SOCO' or 'the Group')

                                 AGM Statement


At the SOCO AGM held today the following statement was made by the Group:


'SOCO has had an extremely successful year, both financially and operationally.


The Group favourably rebalanced its project portfolio and achieved very robust
financial results for 2005.  The innovative and highly successful convertible
bond issue carried out in May enabled the Group to raise US$250 million thus
ensuring that SOCO has the financial leverage to develop its high quality asset
base.



Operationally SOCO has achieved significant exploration success both in Vietnam
and Yemen. In Vietnam, SOCO's success with the drill bit was outstanding, with a
string of positive drilling results on both Block 16-1 and Block 09-2, the
latter leading the Group and its partners to declare commerciality on the Ca Ngu
Vang field. A plan for development is now being progressed with first production
being targeted for the second half of 2007.



Following a number of impressive drilling results on the Te Giac Trang field on
Block 16-1, the Group believes a Declaration of Commerciality will come in the
near future.   While the initial well on the Te Giac Vang structure, some 40
kilometres south of the Te Giac Trang discovery, did not lead to a commercial
success, the potential of this structure remains significant.  Indeed, the
potential of the entire clastics fairway, the boundaries of which are still
being delineated, is tremendous.



In Yemen three rigs are in place and will continue operating throughout the
year.  Expansion of facilities and the implementation of a water injection
programme and further infill drilling in the Kharir field will lead to an uplift
in production throughout the year which now stands at approximately 45,000 BOPD
versus a 2005 year average of 32,937 BOPD.



Elsewhere, development efforts in Thailand and the commencement of the 3D
seismic programme in Congo Brazzaville are both expected to get underway in the
second half of this year.



In summary, the outlook for SOCO is extremely promising, with production assets
to take advantage of the favourable oil price, near term development prospects
to add additional reserves and exciting remaining exploration potential.'



                                                                    15 June 2006

ENQUIRIES:


SOCO International plc
Roger Cagle                  Deputy Chief Executive and       Tel: [phone]
                             Chief Financial Officer


Pelham Public Relations
James Henderson                                               Tel: [phone]
Alisdair Haythornthwaite                                      Tel: [phone]




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