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SOCO INTERNATIONAL, The Oil Company The Market Forgot. (SIA)     

goldfinger - 29 Sep 2004 11:11

Right I havent beleived in investing directly in an oil company untill today and in the last few months have been investing in OIL SERVICE companys Hamworthy and Corac, you know the picks and shovels tale.

Anyway after doing a lot of research I really feel that SOCO INTERNATIONAL SIA as been left behind in the mass bull market on oil companies.

Forget, Burren, Regal, Dana and the rest in my opinion this is the one to be on.

So.....why buy Soco now?

Four inter-related reasons:

1) Newsflow is now very much in sight on several fronts. None of it has yet emerged though, so analysts have yet to revisit their old views and recommendations. There was, and indeed remains, a chance to get in before serious interest picks up again.

2) There is, IMO, a decent chance of some very large price rises within the next 6 months, accompanied by increased downside protection. Once newsflow starts, the shares will come back onto institutional radar screens - you can wait for it to emerge, or you can speculate now at what I think will prove to be a lower price -perhaps much lower!

3) The market thinks there is nothing happening and has gone to sleep on the prospects. You can see this in the broadly sideways drift and very low volumes on most days [until this week]. They are wrong. Yemen and perhaps Mongolia should provide some near-term good news.

4) The time to buy is when no-one else seems very interested.

And heres the last results from the company......................

Soco International PLC
02 September 2004

SOCO International plc

Interim Results for the six months ended 30 June 2004

SOCO is an international oil and gas exploration and production company,
headquartered in London. The Company has interests in Vietnam, Mongolia, Yemen,
Libya, Tunisia and Thailand, with production operations in Yemen, Tunisia and
Mongolia. SOCO today announces interim results for the half year ended 30 June
2004.

HIGHLIGHTS

Operating profit of 4.1 million (2003: 4.2 million)

Net profit of 2.0 million (2003: 2.5 million)

Earnings per share of 2.9p (2003: 3.6p)

Cash balance of 26.7 million at half year end

Finalised the sale of an interest in ODEX creating a consortium of SOCO
(34%), Oilinvest (46%) and Gazprombank (20%) in the special purpose
entity to progress initiatives in Libya and other countries

Continued reinterpretation of existing 3D seismic and acquisition of 650
sq km of new 3D seismic in Vietnam prior to commencement of drilling in
Q1 2005

3D seismic programme completed in Mongolia with two wells drilled, both
apparent discoveries, and a third well spudded

First ever deviated Basement well drilling in East Shabwa in Yemen



Ed Story, President and Chief Executive of SOCO, said:

'Following an extended period of quiet preparation, the release of interim
results coincides with the commencement of a very active drilling programme for
SOCO, one that I believe has company transforming potential'

2 September 2004

ENQUIRIES:
SOCO International plc Tel: 020 7457 2020 (today)ENDS.

This could really be a craking stock and is worth getting in at these lowly price figures.

Please DYOR

cheers GF.



gavdfc - 29 Dec 2004 15:17 - 118 of 636

Hope everyone's still holding. Making a very nice year end for me! Should be an exciting start to 2005 also.

Soco International PLC
29 December 2004


SOCO International plc
('SOCO' or 'the Company')

HOLDING IN THE COMPANY

The Company was notified on 23 December 2004 that on 22 December, Pontoil
Intertrade Limited acquired from Opale S.A 3,000,000 (4.15%) SOCO International
plc ordinary shares of 0.20 each ('Shares').

Following this transaction, Pontoil Intertrade Limited holds 15,255,543 Shares,
representing 21.11% of the issued share capital of the Company and Opale S.A.
holds 4,100,225 Shares representing 5.67% of the issued share capital of the
Company.



Contact: Carol Fan, 020 7747 2000




This information is provided by RNS
The company news service from the London Stock Exchange

Troys - 29 Dec 2004 16:15 - 119 of 636

Good news. Nice movement on the share price

gavdfc - 29 Dec 2004 19:44 - 120 of 636

That's quite a large position that Pontoil now hold. A decent rise today, although we have been creeping up throughout December. Hopefully we should hear some news from Yemen soon. Production testing was due to begin mid December.

From today's UK-Analyst -

"Shares in Soco International added 30p to 360.5p after it revealed that Pontoil Intertrade had bought 3 million of its shares from Opale on December 22nd. After the sale, Pontoil holds 15.3 million shares, or 21.11% of its issued share capital, with Opale owning 4.1 million shares, or a 5.67% stake."

goldfinger - 29 Dec 2004 22:57 - 121 of 636

Stick in there and keep cool guys. The big money is earned by those who are patient.

Cheers GF.

gavdfc - 30 Dec 2004 07:39 - 122 of 636

Bought 3 times in here now, looking rather nice now. From todays Independent:

"Soco International jumped 30p to 360.5p as major shareholders in the oil explorer rejigged their stakes. Pontoil, Soco's biggest investor, bought 3 million shares from Opale, taking its total holding to 15.3 million, or 21.1 per cent of the company. Opale is left controlling 5.6 per cent of Soco. Pontoil is a Liberian company controlled by a Swiss industrialist named Mario Contini.

During the summer, rumours circled dealing rooms that Soco was close to a deal to unlock some of the value of its assets in Libya. Now that the North African country is slowly opening itself up to the West, oil majors are said to be eager to do deals in the resource-rich state. However, nothing came of the talk."

gavdfc - 30 Dec 2004 12:51 - 123 of 636

Just tried a dummy trade with Comdirect. Can only buy 2330 at 370 but will let me sell 12500 at 365.15. If I remember correctly, over the past month or so you could buy 12500 and sell 15000.

gavdfc - 30 Dec 2004 15:29 - 124 of 636

Just tried another trade, can still buy 2330 at 385 but can now sell 22500 at 380. Seems to be a serious shortage of shares.

gavdfc - 30 Dec 2004 15:39 - 125 of 636

Won't let me buy any online now with Comdirect but can still sell 22500.

mickeyskint - 30 Dec 2004 16:11 - 126 of 636

GF

Looks like you've done it again. Well done.

MS

gavdfc - 30 Dec 2004 16:13 - 127 of 636

Mickey,

Are you still holding these?

mickeyskint - 30 Dec 2004 16:14 - 128 of 636

Yes I am. Can you see 4 in the new year?

gavdfc - 30 Dec 2004 16:19 - 129 of 636

Nice one Mickey. Yes can see 4 pretty easy IMO. Another day like the last 2 and will be 4 by year end. Lot of newsflow away to come out here. Should get the Yemen results soon and news of Vietnam drilling should be announced at some point in the New Year.

mickeyskint - 30 Dec 2004 16:20 - 130 of 636

Great stuff. Good start to the new year.

MS

gavdfc - 30 Dec 2004 16:25 - 131 of 636

And a great end to this one Mickey. :-)

gavdfc - 31 Dec 2004 10:48 - 132 of 636

Bit of slight retrace this morning, to be expected I suppose given the sharp gains of the last few days. But buyers back in at 383. If we break 400 in the New Year then we will be in new territory.

gavdfc - 31 Dec 2004 12:42 - 133 of 636

Well nice to see we made back some of the early day fall. A Happy New Year to everyone.

Cheers

Gav

Troys - 31 Dec 2004 12:51 - 134 of 636

A safe, happy and prosperous NEW YEAR to you all.

Troys

gavdfc - 04 Jan 2005 16:42 - 135 of 636

Hope everyone had a good New Year's. Another good day for us to start the year off. And someones just paid 410 for 10k.

gavdfc - 04 Jan 2005 16:43 - 136 of 636

And another 10k at 404 after the close.

mickeyskint - 05 Jan 2005 14:19 - 137 of 636

Bid 403. Up we go. Increased steadly over the last few trading days. Nice one.

MS
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