RNS Number : 8081S
Sound Oil PLC
25 November 2011
 



25 November 2011

 

Sound Oil plc

("Sound Oil" or "the Company")

 

Operations Update - Drilling on Citarum PSC, Java, Indonesia

 

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, refers shareholders to the following extract from an announcement released on 24 November 2011 by Pan Orient Energy Corp., the operator of the Citarum PSC located on Java, Indonesia in which Sound Oil has a 20% interest:

 

"At the Citarum PSC on-shore Java (Pan Orient operator and 77% ownership), one location (Jatayu-1) has been completed and a second location (Cataka-1) is approximately 90% complete after having experienced some delay as a result of annual monsoon rains. Surface casing has been set on both wells utilizing a service rig and drilling rig mobilization on to the Cataka-1 location is planned to commence on November 26th with drilling to commence in early to mid-December. Construction on the third location of Geulis-1 will commence shortly after the completion of construction on Cataka-1. All three wells are planned to be drilled back to back starting with Cataka-1 in the first half of December 2011."

 

 

 

For further information please contact:

 

Sound Oil

Gerry Orbell, Chairman and Chief Executive

Michael Cope, Chief Operating Officer

 

Tel: 44 (0)1372 365745 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

 

Tel: 44 (0)20 7131 4000

Investec - Broker

Charles Batten

David Flin

Adam Strachan

 

Tel: 44 (0)20 7597 4000

Buchanan

Tim Thompson

Ben Romney

Helen Chan

 

Tel: 44 (0)20 7466 5000

 


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