4 April 2012
Sound Oil plc
("Sound Oil" or "the Company")
Operations Update - Indonesia
Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce the following update on its projects in Indonesia.
Citarum PSC, Java (Sound Oil 20%)
The 13 3/8" casing has been successfully installed at the Jatayu-1 exploration well in the vertical hole at 2031 ft measured depth. The Operator drilled the top-hole section as planned. The well will now be deviated towards the Miocene Parigi Formation objective.
Bangkanai PSC, Kalimantan (Sound Oil 5%)
The license Operator has recently advised that the drilling rig for the Kerendan gas field development and associated exploration drilling has mobilised from Batam, Sumatra on 1st April. Transportation is by three barges the last of which is expected to arrive at the Luwe Hulu staging area in Kalimantan by end April. The equipment will then take approximately one week to transport to the drilling location. The first well is expected to spud in early June.
For further information please contact:
Gerry Orbell, Chairman & Chief Executive
Michael Cope, Chief Operating Officer
Tel: 44 (0)1372 365745
Smith & Williamson - Nominated Adviser
Tel: 44 (0)20 7131 4000
Investec - Broker
Tel: 44 (0)20 7597 4000
Tel: 44 (0)20 7466 5000
The information contained in this announcement has been reviewed by Sound Oil's Chief Operating Officer, Dr M. J. Cope BSc PhD CGeol FGS, a qualified petroleum geologist.