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.

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

Looks like you chose a bad day for your entry MS. Small caps down across the board. Looks like a short term market correction. The cause - I do not know at this moment, unless of course it is the price of oil that is stoking up inflation and growth worries. Yes even the oil juniours are down aswell, BLIMEY.

cheers GF.

I think you might be right. What a crazy day it's all red. Yes growth has got to become a problem with the oil price going up. I know you're in BISI that's taken a tumble ouch.

MS

Too many people panic stricken Mickey.

Just a case of staying cool. Seen this happen many times in twenty years of investing and trading. Those who sell are the ones who pick up the costs of selling and in most cases re- buying. Nothing as changed with all these companys, its just sentiment going the wrong way for a short period. The MMs love it as they take a nice cut on the extra volume.

cheers GF.

GF

I'm as guilty as the next man but I am learning the hard way. BISI coming back already good luck.

MS

Cheers Mickey, think these will really take off when we get drilling results.

cheers GF. PS, take a look at Brady software.

Ticked up a bit even with a bit of selling!

Only for a moment though!

Down a tiny bit.

Patience is king.

cheers GF.

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

cheers GF.

The financials for SOCO.

http://companyresearch.digitallook.com/cgi-bin/digital/security.cgi?csi=13483&action=financials&sub_action=fundamentals&username=1038899&ac=7019701

cheers GF.

A chance to get in on the cheap, wont last forever.

cheers GF.