Updated Technical Review of Te Giac Trang Resources

9 Dec 2014

SOCO announces that ERC Equipoise (“ERCE”) has completed its evaluation of the Block 16-1 Te Giac Trang field (“TGT”) offshore Vietnam, which confirms the Company’s long standing view of the size and production potential of the TGT field.

 

Evaluation highlights:

Interim Management Statement

13 Nov 2014

SOCO International plc today announces its Interim Management Statement relating to the period from
1 July 2014 to 12 November 2014.

Lidongo X Marine 101 well offshore Congo (Brazzaville) - test results

4 Nov 2014

SOCO announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well ("LXM‐101").

WELL UPDATE

16 Oct 2014

SOCO announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has completed drilling the exploration well Lidongo X Marine 101 well ("LXM-101").

The well encountered oil in a clastics sequence in the Djeno sand formation with drilling shows and early log interpretation indicating approximately a 50 metre gross interval. 

RESULTS OF B/C SHARE SCHEME ELECTIONS

30 Sep 2014

Following approval by Shareholders of the Return of Cash and certain related matters at the General Meeting of the Company held on 22 September 2014, the Company today provides an update in respect of the Return of Cash by way of the B/C Share Scheme.

B/C SHARE SCHEME - RESULTS OF GENERAL MEETING

22 Sep 2014

The Company announces that at its General Meeting held at Jefferies International, Vintners Place, 68 Upper Thames Street, London, EC4V 3BJ at 10.00 a.m. on 22 September 2014, the Resolution set out in the circular published by the Company on 28 August 2014 in relation to the B/C Share Scheme (the "Circular") was duly passed on a show of hands.  

PROPOSED RETURN OF CASH TO SHAREHOLDERS

28 Aug 2014

Further to the Company's announcement today of its interim results, the Company announces further details of its proposed return of 22 pence per share (approximately £73 million) return of cash to its shareholders (the "Return of Cash"). A circular to shareholders in relation to the Return of Cash (the "Circular"), which includes a notice convening a general meeting of the Company to approve the Return of Cash, is being posted today.

INTERIM RESULTS FOR THE HALF-YEAR TO 30 JUNE 2014

28 Aug 2014

“Our focus this year has been on delivering steady progress on the TGT field which continues to perform as expected.  The 2014 TGT in-fill development drilling programme is underway with three wells drilled to date. The H5 development project is progressing according to plan targeting first oil in just a little over a year. Our exciting two-well exploration programme offshore the Republic of Congo is underway with the first well in the programme, the Lidongo X Marine-101, currently being drilled.

ACTIVITY UPDATE

7 Aug 2014

SOCO announces that the Lidongo X Marine-101 (“LXM-101”) exploration well has spudded in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo (Brazzaville)...

The TGT partners continue to focus on achieving approval for the H5 Field Development Plan (“FDP”) and meeting the first oil target in September/October 2015...

Completion of the CNV-7PST1 well by the Naga 2 rig is expected in September...

After receiving all necessary regulatory approvals, the lake bed seismic survey on Lake Edward was completed in July...

SOCO will release its interim results on 28th August 2014...

Alongside the interim results, SOCO will also announce the proposed amount and timing of the return of cash to shareholders based on the results of the 2013 financial year...

NOTICE OF RESULTS

29 Jul 2014

SOCO will announce its interim results for the six months ended 30 June 2014 on Thursday 28 August 2014. 

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