SOCO announces that further to its announcement of 20 August 2001 regarding the proposed sale of its 50% interest in the Russian joint venture, Permtex, to Acont Enterprises Limited, a wholly owned subsidiary of Lukoil Overseas BVI Ltd, Soco has received the cash consideration of US$50.0 million following completion of the disposal.

SOCO is aware of attempts to impersonate the company on social media. SOCO does not have a Facebook page.