SOCO announces that a circular and notice of meeting will today be mailed to shareholders convening an Extraordinary General Meeting of the Company to be held at 10 am on 14 April 2008 at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA.

The purpose of the EGM is to seek the approval of shareholders for the disposal by the Company of SOCO Yemen Pty Limited on the terms and conditions set out in the conditional sale and purchase agreement dated 1 February 2008.

Copies of the circular have been submitted to the UKLA and will shortly be available for inspection at the UKLA's Document Viewing Facility, which is
situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
E14 5HS
Tel. 020 7066 1000

Pharos Energy plc is aware of attempts to impersonate the company under its previous name, SOCO International plc, on social media. Pharos does not have a Facebook page.