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.
For further enquiries please contact:
Sound Oil plc
07903 861 145
Gerry Orbell - Chairman
Sarah Wharry/Christopher Raggett - Corporate Finance
Tom Jenkins/Joanna Weaving - Corporate Broking
020 7600 1658
020 7466 5000