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.

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?

We've been sussed.

MS

And he calls US lurkers!

Some profit taking again today and a bit of a slight drift. Maybe just some changing into other stocks. Also, US market closed today so lack of buyers from over the pond nearer our close. But still good to see a bit of a bounce near the close.

SWW lurking over here! Hmmm, perhaps looking for an entry point! :-)

May hap I do be...............

Ah haaaaaaaa..................

may hap I do.

I thought you had joined us on this one SWW, wondered where you were!

Do we see the share price slide a little more. or do we buy in again now?

Troys, tough call so wouldn't really like to say. For me it's just a case of sitting tight and waiting for the news to flow. Surely the Yemen results can't be too far away now. Interesting to see what happens when the US market opens.

SWW, May hap I do be............... Right! Got you. LOL You in lurk mode again!

Ooooo R.............

Talking in code now SWW!

Nice 50k buy through from earlier.

NICE.