Last checked at 26 Jan 2010 12:00
26 January 2010
Sound Oil plc
("Sound Oil" or the "Company")
Directors' dealing intentions
Sound Oil, the upstream oil and gas company with assets in Indonesia, announces that it has been informed by a number of its directors that they intend, for personal reasons and subject to market conditions, to sell in the market in aggregate up to 7.5 million of the ordinary shares they hold in the Company. This represents just over 1% of the Company's issued share capital. Following the sale, the total aggregate shareholding of the Board will be approximately 198 million ordinary shares representing approximately 29% of the Company's issued ordinary shares. Further announcements will be made as and when sales are effected.
Further information on the Company can be found at www.soundoil.co.uk.
For further information please contact:
| Sound Oil | 07903 861145 |
| Gerry Orbell, Chairman | |
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| Smith & Williamson Corporate Finance - Nomad | 020 7131 4000 |
| Azhic Basirov | |
| David Jones | |
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| Evolution Securities - Joint Broker | 020 7071 4300 |
| Tim Redfern | |
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| Religare Hichens, Harrison – Joint Broker | 020 7382 7776 |
| Daniel Briggs | |
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| Buchanan Communications | 020 7466 5000 |
| Tim Thompson | |