Sound Oil PLC
20 March 2006
Sound Oil plc ("Sound Oil" or "the Company")
Following recent press speculation and movement in the Company's share price,
the Company confirms that it has reached agreement in principle for the
acquisition of energy resource assets in Asia. The transaction under discussion
would represent a reverse takeover under the AIM Rules and accordingly the
Company has requested that trading in its shares be suspended. Suspension in the
shares will be lifted on publication of an admission document relating to this
transaction or at such time as discussions are terminated.
Any agreement regarding the reverse takeover will be conditional on the approval
of the Company's shareholders in a general meeting.
This information is provided by RNS
The company news service from the London Stock Exchange