Operations Update

RNS Number : 4053Z
Sound Oil PLC
13 January 2011
 



13 January 2011

For Immediate Release

 

SOUND OIL PLC

("Sound" or the "Company")

 

Operations Update - Citarum Production Sharing Contract ("PSC"), Java, Indonesia

 

Sound has been advised by the operator of Citarum PSC that the drilling programme of three exploration commitment wells originally planned to start in March 2011 will now not commence until the third quarter of 2011.  In spite of this delay Sound is confident that the wells will be drilled within the extended first exploration period of the PSC.

 

Commenting on this situation Gerry Orbell, Chairman and CEO said:

"Although there will be a short delay we are very much looking forward to these Citarum wells. They will explore significant prospective resources in a new play in a well- established area of oil and gas production."

Sound Oil plc is a 20% shareholder (through its wholly owned subsidiary Mitra Energia Citarum Limited) in the Citarum PSC.

Ends

For further enquiries please contact:

 

Sound Oil plc

07903 861 145

Gerry Orbell - Chairman

 

Finncap

Sarah Wharry/Christopher Raggett  - Corporate Finance

Tom Jenkins/Joanna Weaving - Corporate Broking

 

Buchanan Communications

 

 

020 7600 1658

 

 

 

020 7466 5000

Tim Thompson


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