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FOR IMMEDIATE RELEASE	22 January 2009

SOVEREIGN OILFIELD GROUP Plc

('Sovereign' or 'the Company' or 'the Group')

Security Granted over shares

Sovereign Oilfield Group Plc (AIM:SOGP), announces that Dr Peter Felter, Deputy Chairman of the Company, pledged on 11th July 2006, as security against a loan facility, his total shareholding in the Company of 4,827,500 Ordinary Shares (representing 27.88% of the Company's issued share capital). 

Furthermore Mr Graham Burgess, Chief Executive, pledged on 14th December 2006, as security against a loan facility, his total shareholding in the Company of 5,024,000 Ordinary Shares (representing 29.01% of the Company's issued share capital).

Both Directors had disclosed the pledges detailed above to the Board at the time of making the arrangement. No other director of the Company has granted security over or entered into any financial instruments relating to any of their holdings of Ordinary Shares in the Company. 

 

For further information please contact:

Further information:

Sovereign Oilfield Group Plc                                   Tel: 01224 261900

Graham Burgess, Chief Executive Officer

Julie Cowie, Finance Director

Buchanan Communications                                    Tel: 0207 466 5000

Tim Thompson/Catherine Breen

Charles Stanley Securities - Nominated Advisor        Tel: 0207 149 6000

Mark Taylor/Freddy Crossley

About Sovereign Oilfield Group Plc

Sovereign, which joined AIM in September 2005, was formed in October 2003, by Dr Peter Felter and Mr Graham Burgess, for the specific purpose of developing an oilfield service company focused on:

• The provision of engineering, fabrication and drilling services and personnel to oil and gas companies and contractors in the UK and internationally

• The promotion of new 'high tech' IP and technologies for enhancing oil and gas drilling and production.

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