Business
Share price movement
Share price movement.
About this update from Sound Energy Plc
[{"type":"text","content":"\n RNS Number : 0643G Sound Oil PLC 25 January 2010 \n \n25 January 2010\n\nSound Oil plc\n(\"Sound Oil\" or the \"Company\")\n\nShare price movement\n\nSound Oil, the upstream oil and gas company with assets in Indonesia, notes the recent movement in its share price and the relatively high volumes of shares traded. On 4 December 2009, the Company announced the termination of discussions about a possible acquisition and that it would consider other opportunities; since then, the Company has received approaches from a number of parties regarding potential transactions, although none has yet progressed beyond relatively early stage discussions. The above announcement also referred to a notice received from the operator of the Bangkanai PSC seeking to terminate the Company's interest in the PSC. The Company continues to contest the notice received from the operator and also has established with the Indonesian authorities that the Company remains in good standing on this PSC. Sound Oil believes that the Indonesian government may grant an extension to the initial exploration period which was due to expire at the end of 2009, thereby leaving the Bangkanai PSC in place. A further announcement will be made in relation to these matters in due course.\n\n\n\nFurther information on the Company can be found at www.soundoil.co.uk.\n\n\nFor further information please contact:\n\n\n\n\n\nSound Oil\n\n\n07903 861145\n\n\n\n\nGerry Orbell, Chairman\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSmith & Williamson Corporate Finance - Nomad\n\n\n020 7131 4000\n\n\n\n\nAzhic Basirov\n\n\n\n\n\n\n\nDavid Jones\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEvolution Securities - Joint Broker\n\n\n020 7071 4300\n\n\n\n\nTim Redfern\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReligare Hichens, Harrison - Joint Broker\n\n\n020 7382 7776\n\n\n\n\nDaniel Briggs\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\n020 7466 5000\n\n\n\n\nTim Thompson\n\n\n\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END SPMSEAFFIFSSELF\n ","length":6246,"tagName":"div"}]