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.

Nice 60k trade after the close. Excellent day all round here and a few beers to celebrate later tonight! :-)

From UK-Analysts stockmarket report email:

Independent oil and gas explorer Soco International saw its shares climb 34.5p to 605p after the company raised the possibility of a significant hike in reserves at its Kharir field in Yemen. The company said that following a recent drill programme, another well in the region had flowed at more than 7,300 barrels of oil per day. The drill hole was the fourth success of the five wells drilled so far in Kharir, since drilling began last August. The company now plans to test the exploration potential elsewhere on the block in an effort to increase its production and export capabilities. In an accompanying statement, Soco said that it expected oil reserve estimates on the field to rise following recent drill results. Newswires reported that chief executive Roger Cagle said further work on the site could potentially increase the reserves figures by another 30%. Soco holds a 17% stake through its 59% interest in US group Comeco Petroleum, which itself holds a 28.6% stake in the East Shabwa project in which the Kharir field is situated. The consortium, led by French operator Total, said it was now set to invest around 30 million dollars in the area as it moves to expand the capacity of the export facilities on the site from the current 38,000 barrels of oil per day up to 50,000 barrels per day.

I am amazed this is dropping back today.........

SWW, I'm just putting it down to a slight drop in the oil price and would expect any weakness to be a sector thing right now. US oil inventories just out and I think analysts were expecting a drawdown of 1.4m but there was a build of 1.1m.

People still holding here? A good rise over the last 3 days and the chart looks excellent breaking to new highs. Hopefully news on TGT-1X shouldn't be too long away.

Yes.

I think everyone else has gone on holidays.

By the way, I rec'd these a few monthsa ago to a freind who did no research and bought 25K at 5.30, do you think he will give me a sub now???

SWW, good to see you're still holding. Agree re the hols, have taken some time away as well to make use of what little sun we get! Hope your friend will at least buy you a few pints as he will be sitting on some decent profits by now! Bit of a risk to say the least buying after no research though as I'm sure you'd agree.

Yes Gav, when I told him to have a look at SIA I meant exactly that.

I moaned at him when he said what he had done, but he said my word was good enough as I had researched it!!!!!

He has more faith in me than I do............

He apparently used to work in th City in his younger days, but burnt out in his late 20's.

I don't suppose the intial stake is too much for him, and to be fair I also gave him ICI at 135p just before they shot up 30p in a day, he bought 35k of those too, so he probably trusts me too much by now.

FWIW I also gave him Tullow over a year ago and Hardman I am not too sure how much he has in those.

He gave me 2 bum steers............... and Fusion Oil & Gas prior to any approach but post Chinguetti.

Still I have done all right on the whole.

Seems to me like he's getting a free ride on your research SWW! Especially since all he's given you are a couple of duffers as you say. As to him buying you a few pints, I think he should be handing over a couple of cases of your favourite most expensive wine, along with some tips of his own! Looks as if he has done well on the back of SIA, TLW, HNR and ICI. Glad to hear that you are doing okay on the whole though.

Actually I agree with the cases of my favourite wine.

I would have to share it with a few on various boards though, as I get most of my info from these.

He is very generous so maybe............

News out:

Soco International PLC
04 August 2005

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

Vietnam Drilling Update

SOCO is an international oil and gas exploration and production company,
headquartered in London traded on the London Stock Exchange and a constituent of
the FTSE 250 Index. The Company has continuing interests in Vietnam, Yemen,
Mongolia, Libya and Thailand with ongoing production operations in Yemen and
Mongolia. SOCO's transaction to dispose of its Mongolian operations is pending
completion after gaining approval from its shareholders at an EGM on 10 May
2005.

The initial wildcat exploration well, the Te Giac Trang, that spudded on 2 June
2005 on the 'H' prospect on Block 16-1 offshore Vietnam was drilled to a total
measured depth of 4,478 metres and has been cased. Preparations for testing have
commenced.

The well was drilled to test several Miocene and Oligocene intervals in a
previously un-drilled part of Block 16-1. It was drilled significantly deeper
than the original prognosis due to the presence of encouraging hydrocarbon shows
continuing below the original target depth.

On completion of the testing programme the rig will return to drill an appraisal
well, CNV-4X, on the Ca Ngu Vang ('CNV') structure on Block 9-2. This well will
be the third well in the multi-well drilling programme scheduled for Vietnam
this year.


4 August 2005



ENQUIRIES:

SOCO International plc
Roger Cagle Deputy Chief Executive and
Chief Financial Officer Tel: 020 7747 2000



Pelham Public Relations
James Henderson Tel: 020 7743 6673
Charles Vivian Tel: 020 7743 6672



Notes to editors:

SOCO holds its interests in Vietnam, all in the Cuu Long Basin offshore, through
its 80% owned subsidiary SOCO Vietnam Limited ('SOCO Vietnam'). SOCO Vietnam
holds a 25% working interest in Block 9-2, which is operated by the Hoan Vu
Joint Operating Company and a 28.5% working interest in Block 16-1, which is
operated by the Hoang Long Joint Operating Company.




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

This part stands out to me "It was drilled significantly deeper
than the original prognosis due to the presence of encouraging hydrocarbon shows
continuing below the original target depth."

Extraordinary day, over 7 and back again.

SIA rollercoaster continues......

Hi!

Hadn't visited for some time, so just popped by to wish everyone the best and hope you're still raking it in.

Haven't done much myself since May so missed the meteoric rise. ;-((((((

Interesting news today.

Hello Al!

Long time no see around here! Have you been stuck on some rig somewhere extracting the black stuff? Thanks for stopping by with your best wishes. Pity you've not been around for a while as I'm sure you would have been trading this for some healthy profits! ;-((( Indeed! Closed a S/B here today for +79, but still got my 3 tranches of shares. May regret closing the S/B but didn't want to get greedy with leverage and was sitting on a decent profit with it. If it pulls back a bit after today's RNS I might look to re-open it again in the run up to the test results. An interesting RNS today indeed and hopefully test results shouldn't be too far off since they have stated testing has begun, a few weeks perhaps?

Anyway, good to see you around again.

SWW

A good day indeed! I definitely think your friend should be stumping up for that case of Vino for you now!

From tonights UK-Analyst round up:

"Soco International saw its shares march 14.5p better to 685.5p as the company issued a bullish drilling update. Soco said it had drilled significantly deeper than the original prognosis on its Te Giac Trang prospect, offshore Vietnam due to the presence of encouraging hydrocarbon shows continuing below the original target depth. Te Giac Trang spudded on June 2 2005 and has now been cased. Meanwhile preparations for testing have commenced."

Gav.

Is this one the one that went in sideways?

May explain the deep hole.........

Yes he should but I have a funny feeling he won't.

He has made enough in 2-3 months to equal my ex mortage which took 25 years to pay off.

Good for him.

"Fortune favors the brave." (Virgil)

(oh er, Thunderbird 2 pilot?)

Shake, Moma Shake............

Hi SWW,

Looks like a bit of a sector wide thing today with a lot of the bigger more well known names taking a bit of a hit. Stops being taken out perhaps as people don't want to lose profits? No doubt a few traders will have a few shorts running to run with this pullback. I noticed that BUR have taken a decent hit over the last few days on news of selling some of their Mbundi field, a bigger fall than some of the other oils have taken today. I wonder if some have been selling stakes in other companies to buy back into BUR. Of course, this could work with regards to other companies as well. sell one to top up in another they already hold. Just a couple of thoughts out loud. Good news on the IFC credit facility though. Here's the RNS in case anyone missed it:

Soco International PLC
16 August 2005



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


Provision by International Finance Corporation
of the World Bank of US$45 Million Credit Facility


SOCO is an international oil and gas exploration and production company,
headquartered in London traded on the London Stock Exchange and a constituent of
the FTSE 250 Index. The Company has continuing interests in Vietnam, Yemen,
Libya and Thailand with ongoing production operations in Yemen. SOCO's
transaction to dispose of its Mongolian operations is pending completion after
gaining approval from its shareholders at an EGM on 10 May 2005.


The Company today announces that the International Finance Corporation ('IFC'),
the private sector arm of the World Bank Group has agreed to provide Soco with a
US$45m reserve-based, revolving credit facility.


Commenting on this, Ed Story, Chief Executive Officer, said:

'We are pleased to have instituted this credit facility with the IFC. It gives
us increased financial flexibility as we progress several of our projects and it
also gives us a strong ally in the countries in which we have current operations
as well as those countries in which we may initiate projects in the future.'


16 August 2005


ENQUIRIES:


SOCO International plc
Roger Cagle Deputy Chief Executive and Tel: 020 7747 2000
Chief Financial Officer


Pelham Public Relations
James Henderson Tel: 020 7743 6673
Charles Vivian Tel: 020 7743 6672






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

Thanks gavin.

Have a look at a pillow talk on the other channel.

ee has not minced words with him.