RNS Number : 7486N
Sound Oil PLC
02 October 2012


2 October 2012


Sound Oil plc

("Sound Oil" or "the Company")


Holding in Company


Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, announces that it was notified on 2 October 2012 that Manxdale Holdings Limited ("Manxdale", a fund connected with Astin Capital Management Limited ("Astin")) has reduced its interest from 595,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to 525,000,000 Ordinary Shares (representing 18.29% of the Company's issued ordinary shares) of which 442,480,837 are currently held in escrow (pursuant to the private placement through Astin announced on 16 July 2012) and 82,519,163 are held by Manxdale.




For further information please contact:


Sound Oil

Gerry Orbell, Chairman & Chief Executive

James Parsons, Chief Financial Officer


Tel: 44(0)1372 365745

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones


Tel: 44 (0)20 7131 4000

Westhouse Securities - Broker

Antonio Bossi

Jonathan Haines


Tel: 44 (0)20 7601 6100


Tim Thompson

Helen Chan

Tom Hufton


Tel: 44 (0)20 7466 5000



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