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Date: Wednesday 27 Aug 2008

LONDON (ShareCast) - Soco International’s Te Giac Trang appraisal well, the TGT-7X on Block 16-1 offshore Vietnam, has flowed at a combined maximum rate of approximately 8,100 barrels of oil per day (bopd) from two drill stem tests.

The company’s majority owned subsidiary, Soco Vietnam, drilled the well to test a separate, previously untested fault block, designated H3N.

A test of the lower section of the Lower Miocene ILBH5.2 flowed at rates in excess of 7,100 bopd and 5.9 million standard cubic feet per day of gas (MMSCFD) with no water.

Then a test of the upper section of the Lower Miocene ILBH5.2 produced at approximately 1,000 bopd and 0.5 MMSCFPD.

Seven exploration/appraisal wells have been drilled so far in the TGT Field, with an average oil and gas flow of approximately 11,300 barrels of oil equivalent per day from each well.

Soco said an outline plan for the development of the field has been submitted to PetroVietnam and the Vietnam Government. Approval is expected in late 2008.

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