Business
Interim Results
Interim Results.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 4895E Sound Oil PLC 29 September 2008 \n\n\n\n \n\n\n\n\nSound Oil plc\n(“Sound Oil” or the “Company”)\n \nUnaudited interim results for the six months ended 30 June 2008\n \nSound Oil, the upstream oil and gas company with assets in Indonesia, announces its unaudited interim results for the six month period ended 30 June 2008.\n \nKey features\n \n· On the Citarum PSC, the operating company has been sold to Pan Orient Energy and we anticipate a close\n working relationship with the new operator\n \n· The suspended Pasundan well is due for testing in November\n \n· Work begins on the seismic survey in fulfilment of the Citarum PSC commitment and three wells are \n planned for 2009\n \n· The Company is finalising details of an agreement to establish a Joint Operating Company in relation \n to the Bangkanai PSC\n \n· The Company is in the process of farming-out some of its interest in the Bangkanai PSC licence\n \nSound Oil’s portfolio consists of 34.99% working interest in the Bangkanai PSC which includes the Kerendan gas field in Kalimantan, Indonesia, and a 20% working interest in the Citarurm PSC in Java, Indonesia.\n \nCommenting on the results, Gerry Orbell Chairman of Sound Oil said:\n \n“There has been a lot of corporate activity in the last six months and we can now look forward to drill-stem testing at the Pasundan well and some seismic and drilling action in the back end of 2008 and in 2009.”\n \nFurther information on the Company can be found at www.soundoil.co.uk\n \n...