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The Dunquin partners are now committed to drilling a well

12 August 2009

The Irish Department of the Communications, Energy and Natural Resources has been notified that the 2nd phase of the licence has been entered

SOSINA Exploration Ltd is hereby pleased to provide an update concerning our Dunquin licence. SOSINA has been advised by the Operator, ExxonMobil Exploration and Production Ireland (Offshore) Limited, that the Frontier Exploration Licence 3/04 (?Dunquin') partners (ExxonMobil Exploration and Production Ireland (Offshore) Limited, Eni, Providence and SOSINA) have notified the Irish Department of the Communications, Energy and Natural Resources that they have elected to enter the second phase of the licence. This second phase carries a firm well commitment within the Dunquin licence.

Contacts:

Dr. David J. Davies

Managing Director, CEO

Sosina Exploration Ltd

1 Berry St

Aberdeen AB25 1HF

Tel: +44 1224 845464
Mob: +44 (0)7703 293 649

Mr. John Ødegaard,

Chairman of the Board

Tel: +45 35 31 10 03

Mobile: +45 27 26 00 03

About FEL 3/04

SOSINA holds a non-operated 4% interest in FEL 3/04 with its partners ExxonMobil Exploration and Production Ireland (Offshore) Limited (40%), Eni (40%) and Providence Resources (16%). Located in the Porcupine Basin off the west coast of Ireland, FEL 3/04 covers an area of 5 blocks. ExxonMobil is the Licence Operator.


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