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.

Does anyone else have a view on these. Had a good day yesterday so plenty of wedge in the pocket but where do I put it?

MS

mickey if you have money in need of a home, look at the Petrel Resources and Petroceltic International threads.

Might be a good idea Mickey, but keep looking over your back and get a supply of valium in. Petrel certainly as a massive speculative following. The guys who were on As Seen On Screen are now riding on this one, but when will they jump off, and will you be around when the price drops?.

All depends on your investing style.

cheers GF.

Personally, I would not touch Petrel with a barch pole. I have been in SIA since March 1999 when the price was bombed out and it is by far my largest single holding. I am also heavily invested in Hardman ,Oilexco and Victoria Oil and Gas. I hold a fairly large position in PCI. I hold small positions in Aminex and Black Rock.
I would urge you to be very cautious with Petrel.

All the best

Cannyinvestor

Thanks boys advice taken. Perhaps I'll go back to the boring old crab FT100.
The AIM is much more fun though. Still it hit 4700 today.

What ever your in good luck

MS

Three days now buys bigger than sells, at some time it as to crack.

cheers GF.

Up 10p so far, and looking good with all oil companies.

Just wait while we get news flow through and I am led to beleive there is going to be an awful lot of it.

cheers GF.

Buyers coming back in after a fall in price over lunch time. Now back up again.

cheers GF.

Small tick up already.

cheers GF.

Making steady progress, I think maybe some news is coming in the next few weeks.

Dont worry Apple our day will come. Yes its frustrating with all these blown up shares performing very well, but just watch us when we take off, ROAD RUNNER OR WHAT??????????????????????????????.

cheers GF.

More progress again so far today.

I'm happy with steady progress.

Yup its up again.

cheers GF.

Looking set to tick up.

cheeers GF.

GF

Where do you think this will be in say 6 months. I know it's crystal ball stuff but any help would confirm if i'm in or not.

Many Thanks

MS

mickeyskint

If you want crystal ball stuff, watch the OIL price.

Perhaps if OIL doubles then so will this or more even without news.

If they make some reasonable size discoveries then I wouldn't be surprised if it was a multibagger.

Watch out for the RNS & AFX news & enjoy the ride.

Hi Mickey, Im with apple on this. Dont really like setting targets, just think it will do very well on the back of research and what the company chairman said in the last results.

cheers Gf.

Should move north first thing, buys easily bigger than sells today, so MMs must have stock in their hands they want to move.

cheers GF.

Interesting interview on Bloomberg this morning with a spokes person from the IEA. Oil prices will hit $60 by the end of the month and it will need a down turn in the world economy to reduce the price. For this to happen oil will need to reach $63 or more to slow down demand.

MS

I'm in now so DB9 here we come.

MS