SOCO International plc ("SOCO" or "the Company")

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 continuing interests in Vietnam, Yemen, Thailand and the Republic of Congo with ongoing production operations in Yemen.

The Company's majority owned subsidiary, SOCO Vietnam Ltd. ("SOCO Vietnam"), announces the commencement of drilling of the second well on the Te Giac Trang ("TGT") structure on Block 16-1 in the Cuu Long Basin offshore Vietnam. The TGT-2X well spudded today after an extended weather delay whilst awaiting to be towed from the Ca Ngu Vang-4X well, which was temporarily suspended in December.

The TGT-2X well is an up-dip appraisal well to the discovery well, the TGT-1X that tested at a rate of 9,432 barrels of oil equivalent per day. It will be the fourth well in the multi-well drilling programme which began in 2005 in Vietnam. The rig will return to Block 9-2 following completion of the appraisal programme in Block 16-1.

18 January 2006


SOCO International plc
Roger Cagle, Deputy Chief Executive and Chief Financial Officer
Tel: 020 7747 2000

Pelham Public Relations
James Henderson Tel: 020 7743 6673
Charles Vivian Tel: 020 7743 6672


SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, through its 80% owned subsidiary SOCO Vietnam Ltd ("SOCO Vietnam"). SOCO Vietnam holds a 25% working interest in Block 9-2, which is operated by the Hoan Vu Joint Operating Company and a 28.5% working interest in Block 16-1, which is operated by the Hoang Long Joint Operating Company.

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.