RNS Number : 0643G
Sound Oil PLC
25 January 2010

25 January 2010

Sound Oil plc

("Sound Oil" or the "Company")

Share price movement

Sound Oil, the upstream oil and gas company with assets in Indonesianotes the recent movement in its share price and the relatively high volumes of shares traded.  On 4 December 2009, the Company announced the termination of discussions about a possible acquisition and that it would consider other opportunities; since then, the Company has received approaches from a number of parties regarding potential transactions, although none has yet progressed beyond relatively early stage discussions.  The above announcement also referred to a notice received from the operator of the Bangkanai PSC seeking to terminate the Company's interest in the PSC.  The Company continues to contest the notice received from the operator and also has established with the Indonesian authorities that the Company remains in good standing on this PSC. Sound Oil believes that the Indonesian government may grant an extension to the initial exploration period which was due to expire at the end of 2009, thereby leaving the Bangkanai PSC in place. A further announcement will be made in relation to these matters in due course.

Further information on the Company can be found at www.soundoil.co.uk.

For further information please contact:

Sound Oil

07903 861145

Gerry Orbell, Chairman

Smith & Williamson Corporate Finance - Nomad

020 7131 4000

Azhic Basirov

David Jones

Evolution Securities - Joint Broker

020 7071 4300

Tim Redfern

Religare Hichens, Harrison - Joint Broker

020 7382 7776

Daniel Briggs

Buchanan Communications

020 7466 5000

Tim Thompson

This information is provided by RNS
The company news service from the London Stock Exchange