SOCO to impair African assets

SOCO said it would fully impair the costs held on its balance sheet related to its non-core African assets.

"There has been no change in our assessment of the potential of these assets; however, in the short term they are no longer a core priority for the company and minimal capital will be spent on them in the near future," chief executive Ed Story said.

At 9:17am: (LON:SIA) SOCO International PLC share price was -2.3p at 125.7p