AGM Statement

Soco International PLC
14 June 2007



                               SOCO International
                            ('SOCO' or 'the Group')

                                 AGM Statement



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

'SOCO is well placed for continued future growth following operational success
during the last year and a very active drilling programme going forward on an
extremely high potential project portfolio.


'During 2006 SOCO continued its excellent exploration and appraisal drilling
track record, with a 70% success ratio.  In 2007 the Vietnam exploration
drilling programme has the potential to again transform the Company's reserve
base. Last week SOCO provided the market with an update on the Te Giac Den-1X
well on Block 16-1, indicating positive initial indications with oil and gas
shows and an over pressured environment in the Oligocene interval. However, it
is important to recognise that the well is still at an early stage with no
testing carried out as yet.  The Company will update the market as and when
further information is available.


'A continuous exploration and appraisal programme will be conducted during the
remainder of the year and development drilling and infrastructure construction
will soon be underway on the Block 9-2 Ca Ngu Vang field as preparation
continues for first oil in the first half of 2008.


'In Yemen, the production facilities are in the process of being expanded in
anticipation of reaching 70,000 barrels of oil per day export capacity.  Three
rigs will be working on the Block throughout the year, with activities focusing
on drilling development and injector wells to increase Basement productivity and
production capability as well as delineation of the western and southern
parameters of the Kharir field.



'SOCO is also continuing to progress its pre-drill activities on the Company's
West African portfolio.  A 1,200 square kilometre 3D seismic acquisition was
completed late last year and processing and interpretation are on schedule to
select drilling targets in the third quarter of this year.  Acquisition of 2D
seismic is expected to commence later this year in both the Democratic Republic
of Congo (Kinshasa) Nganzi Block and the Cabinda North Block.  Expectations are
that the first well on the Marine XI Block, offshore Republic of Congo
(Brazzaville) will be drilled in early 2008.



'In summary, SOCO is in the midst of a very active five year drilling campaign
of exploration and appraisal wells, across Vietnam, West Africa and Yemen, with
two new field developments expected on-stream within the next 36 months.  This
year is shaping up to be another milestone for the Company as it targets
significant further reserves expansion and prepares for first production from
Vietnam in 2008.'



                                                                    14 June 2007



Enquiries:
SOCO International plc                                       Tel : [phone]

Roger Cagle
Executive VP, Deputy CEO and Chief Financial Officer

Pelham PR                                                     Tel: [phone]
James Henderson
Alisdair Haythornthwaite




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