On 20 September 2018, SOCO announced that it had reached agreement with Merlon International LLC to acquire Merlon Petroleum El Fayum Company for approximately US$215 million, to be settled through the payment of approximately US$136 million in cash and the issuance of 65,561,041 new SOCO shares
Further to its announcement on 28 September 2018, SOCO is delighted to announce that the sale has now completed, and it has received the total cash consideration of US$5 million in cleared funds together with a minor further payment to cover funding requirements after 30 June 2018.
SOCO International plc is pleased to announce that it has agreed to acquire Merlon Petroleum El Fayum Company for approximately US$215 million (the "Proposed Transaction").
SOCO International plc, an international oil and gas exploration and production company, announces its Interim Results for the six months ended 30 June 2018.
SOCO announces that it has signed a new US$125 million Reserve Based Lending Facility (“RBL”) secured against the Group’s producing assets in Vietnam. In addition to the committed US$125 million, a further US$125 million is available on an uncommitted “accordion” basis.
The long stop date for satisfaction or, where applicable, waiver of the SPA conditions was 31 August 2018. The parties to the SPA have agreed an extension of this long stop date to 30 September 2018 to allow additional time for receipt of the customary approvals required for completion.
As announced on 2 July 2018 SOCO has entered into a sale and purchase agreement (SPA) for the sale of the Group’s entire 80% shareholding in SOCO Cabinda Limited, the company holding a 22 percent, non-operating, working interest in the production sharing contract for the Cabinda North Block, Angola.
SOCO is pleased to announce that Hoang Long Joint Operating Company (HLJOC) has signed a contract extending the FPSO Bare Boat Charter located in the Te Giac Trang (TGT) field, offshore Vietnam.
SOCO International, an international oil and gas exploration and production company, issues the following trading and operations update in advance of its Half Year Results due to be announced on 20 September 2018.
SOCO is pleased to announce that it has entered into a sale and purchase agreement (the SPA) with Quill Trading Corporation and WMLC Resources Limited to sell its entire shareholding in SOCO Cabinda Limited (SOCO Cabinda), for a total cash consideration of up to US$5 million.
SOCO is pleased to announce that it has signed and completed a sale and purchase agreement (the SPA) with Coastal Energy Congo Limited (Coastal Energy), to sell its entire shareholding in SOCO Congo Limited (SOCO Congo), which holds the Group’s interests in Congo (Brazzaville)
The Company announces that at its Annual General Meeting (“AGM”) held today at The Bulgari Hotel, 171 Knightsbridge, London SW7 1DW, all resolutions put before the meeting were duly passed on a show of hands.
SOCO International, an international oil and gas exploration and production company, issues the following trading and operations update in advance of the Company’s AGM which is being held at 10:00 today.

DIRECTORATE CHANGES

22 May 2018

SOCO International plc is pleased to announce that John Martin has been appointed as an Independent Non-Executive Director with effect from conclusion of the Company's Annual General Meeting (AGM) on 7 June 2018.
SOCO, an international oil and gas exploration and production company, today announces its preliminary results for the year ended 31 December 2017.

Notice of Results

9 Mar 2018

SOCO will announce its preliminary results for the year ended 31 December 2017 on Thursday 22 March 2018. The Company will host a presentation of the results to analysts on the day.
On 8 January 2018, SOCO International plc (“SOCO”) announced that it was in preliminary discussions with the newly-constituted Board of Directors of Kuwait Energy plc (“Kuwait Energy”) regarding a potential transaction.

Trading Update

10 Jan 2018

SOCO, an international oil and gas exploration and production company, announces its trading and operations update.
SOCO International plc (“SOCO”) notes the recent press speculation regarding a possible transaction with Kuwait Energy plc (“Kuwait Energy”).
 
 

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