Last checked at 17 Feb 2011 07:00
17th February 2011
SOCO International plc
("SOCO" or the "Company")
Democratic Republic of Congo, Block V Incident Update
SOCO is pleased to announce that it has been informed by its contract security company that at around 2000 hours local time on 16th February 2011 it had secured the release of its staff member who had been taken captive on 14th February 2011. He is reported to be safe and unharmed.
ENQUIRIES:
SOCO International plc
Roger Cagle-Deputy CEO
Tel: 020 7747 2000
Pelham Bell Pottinger
James Henderson
Victoria Geoghegan
Tel: 020 7861 3232
NOTES TO EDITORS:
SOCO is an international oil and gas exploration and production company, headquartered in London, traded on the London Stock Exchange and a constituent of the FTSE 250 Index. The Company has interests in Vietnam, the Republic of Congo (Brazzaville), the DRC (Kinshasa) and Angola, with production operations in Vietnam.
SOCO holds its interests in the DRC (Kinshasa), all onshore, though its 85% owned subsidiary, SOCO Exploration and Production DRC Sprl ("SOCO E&P DRC"). SOCO E&P DRC holds a 65% working interest in the Nganzi Block, situated 50 kilometres from the west coast, and a 38.25% participating interest in Block 5, situated in the southern Albertine Graben in eastern DRC. SOCO E&P DRC is designated operator of both Blocks.