Soco Spuds Exploration Well in Yemen

Soco's subsidiary, Comeco Petroleum, has commenced drilling on the Kharir North prospect in the East Shabwa Development Area in Yemen. The KHA-3-07 well (previously referred to as the KHA 407 prior to the revised well numbering system agreed with the Yemeni authorities) spudded on August 31st and is the first well targeting Basement on this prospect.

The KHA-2-17 (previously KHA-406) injector well that spudded on June 11, 2005 is currently being connected to the appropriate facilities prior to commencing a water injection test.