SOCO International plc ("SOCO" or "the Company")

SOCO is an international oil and gas exploration and production company, headquartered in London traded on the London Stock Exchange and a constituent of the FTSE 250 Index. The Company has continuing interests in Vietnam, Yemen, Thailand and the Republic of Congo with ongoing production operations in Yemen.

The Te Giac Trang appraisal well (TGT-2X) on Block 16-1 in the Cuu Long Basin offshore Vietnam reached a total measured depth of 3,436 metres. The well is currently being logged prior to testing. Initial indications from a preliminary log interpretation suggest that there may be multiple zones of interest.

The well spudded on 18 January as an up dip follow-up well to last year’s TGT-1X discovery well that tested from a single Miocene interval at a combined maximum rate of 9,432 barrels of oil equivalent per day comprised of 8,566 barrels of oil per day of 37 degree API gravity crude and approximately 4.86 million cubic feet of gas per day through a 80/64 inch choke size.

The Hoang Long Joint Operating Company, which is the operator of Block 16-1, anticipates that testing will take several weeks.
 
 
 
 
 
 
 
 

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