Monday 25 June 2018

SOCO is pleased to announce that it has signed and completed a sale and purchase agreement (the SPA) with Coastal Energy Congo Limited (Coastal Energy), to sell its entire shareholding in SOCO Congo Limited (SOCO Congo), which holds the Group’s interests in Congo (Brazzaville), for a cash consideration of up to US$10 million and an overriding royalty on future oil and condensate production sold from those interests.