Soco International output on track

Soco said its cash and liquid investments as of 14 May were approximately $270m
Soco International, the FTSE 250-listed oil and gas explorer, yesterday said production for the first four months of the year is in line with the company’s expectations and that the performance of its TGT field in Vietnam is on track.

The firm is planning a new exploration programme with two wells located off the Republic of Congo. Soco said its cash and liquid investments as of 14 May were approximately $270m (£160.8m).