AIM Admission

Sound Oil PLC
29 June 2005


29 June 2005



                                 SOUND OIL PLC
                         ("Sound Oil" or the "Company")


          Dealings commence on AIM following £11.0 million placing


Sound Oil, the energy resource business, announces that dealings have commenced
in its shares this morning on AIM under the symbol SOU.


The Company has raised £11.0 million (before expenses) through a placing (the
"Placing") of 199,817,764 new ordinary shares of 0.1p per share ("Ordinary
Shares") at a placing price of 5.5p per share (the "Placing Price").  Sound
Oil's market capitalisation will be £16.5 million following admission at the
Placing Price.


Sound Oil, whose Chairman and Chief Executive is Gerry Orbell, has been formed
for the purpose of evaluating and making investments in energy resource
opportunities in North and West Africa.


Smith & Williamson Corporate Finance Limited is nominated adviser to the Company
and Hichens Harrison & Co. plc is the Company's broker.


Admission statistics

Placing Price per Ordinary Share                                           5.5p

Number of Placing Shares                                           199,817,764

Number of Ordinary Shares in issue following the Placing           299,817,764

Market capitalisation of the Company at the Placing Price        £16.5 million

Approximate gross proceeds of the Placing                        £11.0 million

Approximate net proceeds of the Placing                          £10.8 million



About Sound Oil

Sound Oil was formed in 2005 for the purpose of evaluating and making
investments in energy resource business opportunities in North and West Africa.
The investments may be either quoted or unquoted and may be in companies,
partnerships, joint ventures or direct investments in specific projects.


The Directors believe that, in current market conditions, good opportunities
exist for investment in situations that are, in their opinion, undervalued or
capable of showing an above average return.


The Directors believe that there exists the potential for the Company to
generate a high-value portfolio of energy resource assets in North and West
Africa.


The Company intends to be an active investor. Accordingly, the Company will be
directly involved in the ventures in which it participates and will often seek
the main management position.


The funds raised by the Placing will be used to fund acquisitions, due diligence
investigations and potentially to meet the cash flow needs of exploration
drilling and hydrocarbon developments. On appropriate targets being identified,
the Directors intend to raise such additional funds as may be required.


Directors

Sound Oil's board of directors comprises:


Gerald Orbell, Chairman and Chief Executive (age 58)

Gerald Orbell is a petroleum geologist with over 30 years of technical,
managerial and director level experience in the hydrocarbon and utilities
sectors. Gerald has previously held the position of executive director of Fina
Exploration and Fina Development, in charge of all Fina's hydrocarbon
exploration and production activities for the UK. He was subsequently director
of exploration and production at Premier Oil plc and was responsible for that
company's investments in areas including Pakistan, the North Sea and the
Mediterranean.  After Fina, he became managing director of North West Water
International, in charge of all water and waste water operations and businesses
around the world.


Gerald is currently the chairman of Antrim Energy Inc. where he oversees
business development in the North Sea area and UK hydrocarbon exploration. He is
also a member of the board, and chairman of the audit committee, at the
compliance company Valpak Limited.


Gerald holds a PhD in geology.


Tony Heath, Finance Director (age 68)

Tony Heath has over thirty years financial and general management experience in
a variety of roles. Qualifying as a chartered accountant in 1964, Tony joined
Burmah Oil's motor fuels development business in 1968. He then spent four years
as finance manager for Burmah Oil's North Sea oil exploration activity which was
followed by a further four years as finance director of Halford's retailing
group which included managing its Dutch and factoring businesses. He then became
group controller of Burmah Oil and was responsible for all financial information
and control of the international oil group covering operations in thirty-five
countries.


Tony joined the board of Premier Oil plc as group finance director in 1990 where
he had overall responsibility for all financial matters in the oil exploration
and production business in many countries around the world. He managed a £400
million financing in the UK and USA, the financial aspects of a major takeover
and the trading of Premier Oil's oil production.


Tony left Premier at the age of 60 in 1997 and is currently chairman of a
pension fund and adviser to a charity.


Simon Davies, Non-executive Director (age 46)

Simon Davies is chief executive of Threadneedle Asset Management, which manages
over £62 billion in equities, bonds, property and hedge funds for individual and
corporate investors. Simon began his career in 1981 with Rothschild Asset
Management, where he worked as an analyst and fund manager. In 1986 he moved to
Gartmore Investment Management as a pension fund manager and was subsequently
appointed to the board of Gartmore Pension Fund Managers. In 1990 he transferred
to the international side of Gartmore's investment management business, becoming
head of global funds and then head of international equities. In 1995 he joined
Threadneedle as chief investment officer and was appointed chief executive in
January 1999.


Outside Threadneedle, Simon is a director of the Investment Management
Association and JP Morgan Fleming Overseas Investment Trust and is also on the
investment committee of Westminster Abbey.


Michael Nobbs, Non-executive Director (age 56)

Michael Nobbs has a thirty year track record in investment banking, with a focus
on corporate and project finance. He was a managing director and senior credit
officer for Citigroup/Citibank and at present is the group finance director for
Tishman International Companies, a major global real estate development and
investment business. In his career, Michael has participated in many capital
raisings, both debt and equity, and in the areas of securitisation and initial
public offerings. He has held positions in London, New York and Los Angeles.


Shares issued in settlement of fees

As set out in the Admission Document, in addition to the Placing Shares, Sound
Oil has agreed to issue new Ordinary Shares at the Placing Price in settlement
of professional fees related to the Placing of £25,000: application will be made
for these 454,545 Ordinary Shares to be admitted to AIM and admission is
expected to occur on 7 July 2005.



For further information, please contact:


Gerry Orbell
Chairman and Chief Executive, Sound Oil plc
07903 861145


Dr Azhic Basirov/David Jones
Smith & Williamson
020 7637 5377



This announcement does not constitute, or form any part of, any offer or
invitation to sell, allot or issue, or any solicitation of any offer to purchase
or subscribe for, any securities, nor shall it (or any part of it) or the fact
of its distribution form the basis of, or be relied upon in connection with, or
act as any inducement to enter into, any contract or commitment for securities,
which should only be made on the basis of information contained in the admission
document issued in connection with the Placing.


The Placing described in this announcement is only being made in the United
Kingdom.  The issuance of securities in the Placing has not been and will not be
registered under the applicable securities laws of the United States, Canada,
Australia or Japan.  The distribution of this announcement in other
jurisdictions may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about and observe
any such restriction.  Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdictions.









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