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.

Upwards and onwards.

Hols were fine MS, just really getting back to full throtle now.

cheers GF.

You holders will be pleased to hear that I tried to buy 5k online and failed 3 times.

That is a very good sign, obviously a stock shortage!

That was just before closing, try again Monday.

Nice pick folks (and gf!!!)

Took my eye off it since last posting here.

Al,

Thanks. Plenty still to come over the coming months. Yemen flow test results should be out very soon and the Vietnam drilling program should be announced soon. 3 definite drills and perhaps another 3 and I understand the Atwood rig is now on it's way to Vietnam. Another thing to keep an eye on is news of a Libya deal. There also seems to be a serious stock shortage, as SWW found out on Friday! Pontoil have upped their stake to around 21% if I remember correctly. Should be a very interesting 6 months for Soco. :-))

Cheers

Gav

Apologies for the mistake above. The rig is preparing to leave for Vietnam, but is not yet on it's way.

Still good news then.

cheers GF.

Any Ideas where the SP will be in 6 months?

Troys

Added another tranche on the weakness.

cheers Gf.

Any idea why the price has dropped so much today? Are there lots of big sales to come through later? Volume so far looks to point the other way.

Slight pullback today, I'm not concerned. I suppose some saw the chance to take a quick profit, perhaps not knowing the bigger picture. Anyone any thoughts on the 2 trades of 145k? I would assume it's just one trade booked twice.

Troys - SP in 6 months? Well I don't think it will be near here on some good news!

Goldfinger - decent top up price, bouncing already. I wonder if thats because of the US being open now?

Sandrew - Just some taking a quick profit IMO.

Its just profit taking, got to be expected after the rise this one as had.

cheers Gf

I see we are back to winning ways.

cheers GF.

Now up 22.5 with quite a decent jump before the close. Back to winning ways as you say GF.

Like I said lads onward and upwards.

cheers GF.

Notice the trades after the close today at 468 and 470. Some hefty sized ones at 470. Perhaps someone taking on some of the smaller sells today. Look like delayed buys to me. Same happened yesterday if I remeber correctly.

Any thoughts GF?

Cheers

Gav

Just stick in there.

cheers GF.

GF

When can I order my DB9, there's a 12 month waiting list.

MS

Bit of a slide today.

Let's hope it does'nt continue tomorrow.

MS

You little lurkers.........

So this is where you are hiding?