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.

I wont, Im still in and enjoying every minute of it.

Cheers GF.

Still holding and its still doing the business. Seems like everyones forgotten this one. Still who cares.



cheers GF.

Still motoring on up.

cheers GF.

Excelent results..

Profits gush as Soco Int'l
MoneyAM
Soco International reported bumper profits in 2005 following soaring oil prices and increased oil reserves after exploration success in Vietnam and Yemen.

It also flowed a further 3,300 barrels of oil per day at the Te Giac Trang field in Vietnam after carrying out additional appraisal work on the area.

In the year to December 2005, the group's pretax profit from continuing operations rose 125% to $33.7m from $14.9m last time, while revenues grew 90% to $57.2m from $29.4m.

Annual production increased to 5,684 bopd from 5,533 bopd in the previous year.

Exploration success in Vietnam and Yemen raised the group's oil reserves by 75 million barrels, more than offsetting the effect of the disposal of its interest in a Mongolian field.

Ed Story, the CEO, considered 2005 a 'great year' for the group.

Looking ahead, he believes 2006 will be a 'banner year' for the business after a series of exploration success at its key oil fields.

'The outlook is extremely positive for continued reserve growth in 2006,' he added.

Soco will be spending a record $100m this year for exploration and development work.

cheers GF.

Superb set of results and very bullish (by Soco standards) outlook for 2006.
Still very major upside potential as brokers update their forecasts etc.
There was an investor presentation to Merrill Lynch last month. I think that, armed with all the information today, the resultant report from ML should get a swathe of new investors into the Company.

Superb performance so far today as shares touch 900p for the first time.
Instead of taking some profits I have actually topped up at 888p !!!!
There is a Vietnam drilling report next week (which the CEO has already hinted will be excellent) and, IMO, we are looking at well over 10 quite soon.

;o)

WOW just seen it.

cheers Gf.

Having digested the full statement over the weekend I have come to the conclusion that a short term target of around 12.50 is perfectly acheivable.
The drilling update from Vietnam will have analysts scurrying to revise the NAV of the company.
This is a steal at current prices IMO.

;o)

Nicely up again Ian. Its been a steal this one for a long time, its like the header says, but hey who cares.

cheers GF.

I believe the Vietnam drilling update will be released tomorrow morning.

Should be quite lively 8am onwards !!!!!!!

;o)

Ian, you know your stuff. Bloody hell and Im supposed to be on holiday for the Cheltnham racing week. Oh well another 6am start AGGH.

cheers GF.

Day late, but yes it is lively with the sp.

Great result.

Having re-assessed all the projects that are currently in the pipeline (so to speak) I come to the conclusion that the NAV of the Company is at least 15 (on an unrisked basis) which still leaves huge scope for upward revision once more drilling news is forthcoming.
I notice that the SP is now comfortably over 11.
There is a lot more to go.

;o)

Here here.

cheers GF.

Looking at some of the NAV figures being discussed on other sites is quite interesting.
Some very knowledgable investors/researchers are quoting figures of between 30 and 41.
Quite extraordinary.
Already overloaded with Soco but, if anything, the case for buying now is more compelling than ever.

;o)

I would agree with that but lets be carefull here Ian.

Cheers GF.

Hi GF
Yes indeed.
The high valuations were the potential of the SP should everything come on stream at excellent flow rates, with no problems etc etc.
However my unrisked current NAV of 15 seems perfectly reasonable in this context !!
Barring any truly extraordinary outside factors there seems to be a very fine chance of a 25% gain in a pretty short period of time.

;o)

I would welcome that Ian. Fingers crossed.

cheers GF.

Taken a few bobs profit here. this ones up over 310% since I first posted it here so Ive locked some gains in.

Hoping we get above 15 and more with the rest of my stake.

cheers GF.

Well done on being in Soco. I remember it being tipped by the FT 6 months ago. I dunno how many barrels it's got in reserve. But that can be found out from the annual report. I didn't realise how easy it is to find out info. It's all in the annual reports. you get if from the horses mouth as opposed to rumours etc, you can calculate the difference that a major find will have to the market cap, thus the share price.