The London-listed independent saw its share price drop 3.6% in early trading on Thursday to 269.8pence after pegging 2015 capital expenditure at around $90 million, down from $161 million last year that was at the lower end of guidance.
Soco stated in a trading update that its board “is in the process of reviewing the company’s overall portfolio of assets and carrying values” given current low oil prices that are below $50 a barrel.
The
