SOCO provides Vietnam drilling update

The Company's majority owned subsidiary, SOCO Vietnam Ltd., announces that the Te Giac Den exploration well (“TGD-1X”) on Block 16-1 in the Cuu Long Basin offshore Vietnam, drilled to evaluate the “E” prospect, has been temporarily suspended at 4,625 metres after penetrating a gas and oil zone with pressure in excess of 12,000 psi, which is beyond the safe operating capacity of the drilling rig.