Business
Operations update
Operations update.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 3775Y Sound Oil PLC 02 September 2009 \n \n2 September 2009\n\nSound Oil plc (\"the Company\")\nOperations Update - Citarum PSC, Indonesia\n\nThe Company is pleased to announce that considerable progress has been made towards completion of the outstanding work commitments on the Citarum Production Sharing Contract (PSC), onshore Java, Indonesia.\n\nThe operator of the PSC, Pan Orient Energy, has indicated that the acquisition of the initial 750 km 2D seismic program continues with approximately 1/3 of the data acquired to date and completion expected near the end of 2009 to early 2010. Data quality has been superior to that acquired in the adjacent acreage by previous operators and a number of leads at depths shallower than 1,700m have been identified on the data that have been processed to date.\n\nThese preliminary results are encouraging for the selection of drilling locations for the three remaining exploration commitment wells. The operator has reported that drilling is tentatively scheduled to commence in the second half of 2010.\n\nSound Oil plc is a 20% shareholder (through its wholly owned subsidiary Mitra Energia Citarum Limited) in the Citarum PSC. \n\nContacts:\n\nGerry Orbell, Sound Oil plc\nTel +44 (0) 7903 861145 \n\nAzhic Basirov/David Jones, Smith & Williamson Corporate Finance Limited\nTel: +44 (0) 207 131 4000 \n\nTim Thompson, Buchanan Communications\nTel +44 (0) 207 466 5000\nThis information is provided by RNSThe company news service from the London Stock Exchange END DRLLTMATMMJMMLL\n ","length":3593,"tagName":"div"}]