RNS Number : 7445T

Close period repurchase programme

SOCO International plc (“SOCO” or the “Company”) announces that the Company has entered into an irrevocable and non-discretionary arrangement with its broker, Bank of America Merrill Lynch, to repurchase on its behalf and within certain pre-set parameters, ordinary shares in SOCO to be held as Treasury shares during the Company’s close period commencing on 12th December 2011 and ending with an announcement of the Company’s drilling results for the drilling results for the Makouala Marine 1 exploration well in the Marine XIV Block, located in the Congo Basin, offshore the Republic of Congo (Brazzaville), which is expected to be on or around 21December 2011. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and SOCO’s general authority to repurchase shares.

 

 
 
 
 
 
 
 
 

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