SPM Spg Media

RNS Number:8983Q
Sodra Petroleum AB
13 September 2000

                               
     Sodra exchanges Falkland well commitment for seismic
                          acquisition

Sodra is now pleased to announce that it has reached agreement
with   the   Falkland  Islands  Government  to  exchange   its
commitment to drill a second exploration well in Tranche F for
the  acquisition of a defined amount of 2D seismic data.  This
acquisition will take place in the fourth quarter of  2000  or
in  the first quarter of 2001, being the summer period in  the
southern hemisphere. The programme will be designed to enhance
the coverage in certain licensed areas and to provide coverage
of an area outside the currently licensed part of the basin.

The acquisition of the seismic data will complete all the work
commitments  remaining  on Tranche F which  Sodra  intends  to
retain  until  the  expiry of the first exploration  phase  in
October, 2001.
                               
           For further information, please contact:
                         Magnus Nordin
                       Managing Director
                      Sodra Petroleum AB
                  Telephone: +46-8-440 54 50
                               
                       Simon Rothschild
                    Millham Communications
                  Telephone: +44-171-256 5756

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