SOCO announces that further to its announcement of 20 August 2001 regarding the proposed sale of its 50% interest in the Russian joint venture, Permtex, to Acont Enterprises Limited, a wholly owned subsidiary of Lukoil Overseas BVI Ltd, Soco has received the cash consideration of US$50.0 million following completion of the disposal.

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.