Business
POD Approval
POD Approval.
About this update from Sound Energy Plc
[{"type":"text","content":"\n Sound Oil PLC\n31 August 2006\n\n\n\nSound Oil plc\n(\"Sound Oil\" or the \"Company\")\n\n31 August 2006\n\n\nKerendan POD approval\n\n\nSound Oil announces that Elnusa Bangkanai Energy Ltd (\"EBE\") the operator of the\nBangkanai Production Sharing Contract has received approval from BP MIGAS (the\nIndonesian government agency responsible for the supervision and control of\nupstream oil and natural gas business activities) for its plan of development\n(\"POD\") of the Kerendan area gas reserves, in Kalimantan. Following its recent\nacquisition of Mitra Energia Limited, Sound Oil has an effective working\ninterest of 34% in the Bangkanai production sharing contract covering the\nKerendan gas field.\n\nCommenting on the approval of the POD, Gerry Orbell, Chairman and Chief\nExecutive of Sound Oil, said \"this is excellent news and an important step\ntowards the development of the gas reserves that have been identified at\nKerendan\".\n\n\nEnquiries\n\nGerry Orbell, Chairman 07903 861145\nSound Oil [email protected]\n\nBuchanan Communications\nTim Thompson 020 7466 5000\nBen Willey 020 7466 5000\nNick Melson 020 7466 5000\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1240,"tagName":"div"}]