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.

BigAL, we will make it big with this one, its just being calm collected and confident.

No Problems.

Cheers GF.

GF

Dipped my toe in last week. Looks a promising stock !! LOL

Glad your on board Troys.

cheers GF.

Drilling & assessment take time
How long?

I can't guess.

Patience should pay off.

Here's a link to Conoco's activities in Vietnam if anyone wants to have a look.

http://www.conocophillips.com/about/reports/factbook/e-p.pdf

Agree with Al that Vietnam will be an important driver in success here. Planned 3 well drilling program early next year with the option of another 3. Taken from this years interims re Vietnam:

"Approximately 650 square
kilometres of new 3D seismic was acquired over several leads and prospects,
which appear similar to recent significant discoveries in adjacent blocks in the
Cuu Long Basin, in both Block 9-2 and Block 16-1. The newly acquired data is
currently being processed and will be available for interpretation in the near
future."

But Vietnam's not the only prospect here, Mongolia, Yeman, Tunisia and Libya are areas that Soco are active in. Plenty to keep the patient investor happy with over the next few years. More detail on these prospects in the interims for this year.


http://www.uk-wire.com/cgi-bin/articles/200409021507115528C.html

Cheers

Gav

Interesting article on Libya in Oil and Gas Journal.

http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_CATEGORY=GenIn&ARTICLE_ID=215176

By OGJ editors

HOUSTON, Nov. 1 -- SOCO International PLC, London, opened Tolson Uul North field in the Tamtsag basin with its 2004 drilling program.

Well 19-20 went to TD 2,410 m and was placed on production at 70 b/d of oil from the Tsagaantsav formation. Well 19-21 went to TD 2,625 m with good oil shows in Tsagaantsav and Zuunbayan and initialed at 120 b/d from Zuunbayan.

Well 19-22 went to TD 2,600 m had good oil shows in Tsagaantsav and was cased although circulation was lost while drilling in a fracture zone. It is to be completed in 2005.

Well 19-23 went to TD 2,253 m on an untested structure and found good oil shows in Zuunbayan, extending the basin's productive area 9 km north of the above three wells. It was completed but has reservoir damage and is suspended for further evaluation.

The overall results boosted SOCO's confidence in the basin's reserve potential, SOCO said.

Thanks for that Troys.

Patience is required with this one.

cheers GF.

Something I don't have with this one. Other oils performing much better. All I see is side ways or down. Will move on as soon as I get to break even.

MS

Oh yeah of little faith. Itl come good mickey, just you watch.

cheers GF.

Soco International PLC
15 November 2004

SOCO International plc

('SOCO' or 'the Company')

Yemen Drilling Update



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.





The Company's majority owned subsidiary, Comeco Petroleum, Inc. ('Comeco'),
through which the Company holds a 16.785% interest in the East Shabwa
Development Area in Yemen (ESDA), announces the results of the initial well of
an appraisal and development drilling programme targeting the Basement in the
Kharir Field. This well is the first of three wells planned for 2004.



The KHA-401 well spudded on 17th August 2004 reaching a total depth of 3,873
metres. The well was drilled to test the potential of the downthrown fault block
at the far eastern end of the field. It was located away from the more
prospective crestal area of the field in order to avoid the possibility of a
secondary gas cap. The main objective of the well was to test the development of
potential productive fractures at depth, over 600 metres below the top of the
Basement and well below the level encountered in previous wells in to the
Basement.



Both oil and gas shows were encountered and initial log results indicated that
there were two thin zones of interest in the Upper Biyad Cretaceous reservoir
and some 340 metres of inferred fractured Basement. The well was suspended to
allow for the rig to be moved to the next location. Limited testing, due to a
poor cement bond at the casing shoe, was carried out including acidisation,
utilising a workover unit between 26th and 31st October 2004.



Initial interpretations of the test results of the well indicate that the well
encountered reservoir but, the fracture development is inadequate to support
economic production at this depth and location. It does however provide valuable
information on the depth below top of Basement for the potential for water
injection as an option for the required pressure maintenance planned for the
full development of the structure.



Currently the well is suspended while options for side tracking the well to a
shallower location are explored.



The second well in the Basement drilling programme, the KHA-402, is currently
drilling an 8-1/2' section at 2,986 metres.



15 November 2004



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


College Hill Tel: 020 7457 2020
Ben Brewerton

Nick Elwes







Notes to Editors



Comeco, in which SOCO holds a 58.75% interest, has a 28.57% interest in the ESDA
in Block 10 in Yemen. The East Shabwa joint venture is operated by TOTAL Yemen,
S.A. (28.57% interest) under a production sharing agreement with the government
of Yemen. The other joint venture partners are Occidental Yemen Ltd. (28.57%
interest) and Kuwait Foreign Petroleum Exploration Co. (14.29% interest).




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

Down 5+% ouch! I'm going back on the game made a lot more dosh than this.

MS

Tell you what Mickey Im really dissapointed with this drilling result.

I have great faith in this company but at the moment its dead money.

May sell and eat humble pie, but would be looking to get back in, early 2005.

Still considering it.

cheers GF.

Why the pessimism?

It is only 1 drilling result of many.

It only has a 16.785% interest in the East Shabwa Development Area so it hasn't really made much difference.

Good shout Apple

Many people taking advantage of the dip to buy in.

All buying so far today.

Staying put for the moment then.

cheers GF.

Me too. Don't have much choice.

MS

I have been in SOCO since 1999. I have seen price movements like this before and in each case they have been good buying oppurtunities. SOCO in my opinion is an outstanding investment whose share price will increase by many multiples. I am not going to sell until this company is taken over.

Cannyinvestor