Soma Oil & Gas Exploration Limited Announces Sponsorship of the 2nd Somalia Oil & Gas Summit

London (ots/PRNewswire) -

Soma Oil & Gas Exploration Limited, ("Soma Oil & Gas" or "the
Company"), the

Somalia-focused oil and gas exploration company, is pleased to
announce it will be

sponsoring the Somalia Oil & Gas Summit for the second year
running.

Following the success of the inaugural event last year, the
Somalia Oil & Gas Summit 2014 will be taking place on 20 October
2014, at the Jumeirah Carlton Tower, Cadogan Place, London, SW1X 9PY.
Details of the Summit can be found at http://www.somalia-oil-gas.com

Soma Oil & Gas signed a Seismic Option Agreement ("SOA") in August
2013 to assist the Government of the Federal Republic of Somalia in
the development of the country's hydrocarbons sector. Soma Oil & Gas
has successfully completed a 20,500 km 2D seismic survey offshore
Somalia and has to date invested approximately US$37 million on the
exploration programme, more than double the required spend under the
terms of the SOA.

Robert Sheppard, CEO of Soma Oil & Gas, said:

"The past year has been transformational for both the oil & gas
industry in Somalia and Soma Oil & Gas. Having completed the 2D
seismic survey, we are now focused on the processing, reprocessing
and interpretation of that data. Our work to date, along with the
support of the Federal Government of the Republic of Somalia, has
reignited interest in the country's highly prospective upstream
sector and we are delighted to be continuing to assist the government
in accelerating the development of its oil and gas potential."

H.E. Daud Mohamed Omar, Minister of Petroleum & Mineral Resources
of the Federal Republic of Somalia, said:

"Soma Oil & Gas has been a good partner to the Ministry of
Petroleum & Minerals of the Federal Republic of Somalia over the past
year, and we are very pleased that they are sponsoring this event for
the second year. We are very pleased with the growing interest in the
Somalia oil and gas sector as evidenced by the expected attendance at
the Somalia Oil & Gas Summit 2014. The Ministry welcomes the support
of credible oil companies to sponsor the Somalia Oil & Gas Summit
2014, and I would like to encourage and thank the organisers,
sponsors, speakers and delegates for their commitment to and
participation in this most important event."

http://www.somaoilandgas.com

For further information, please contact:

FTI Consulting
Ben Brewerton, Oliver Winters, Sara Powell
+44(0)203-727-1000

ots Originaltext: Soma Oil & Gas
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