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.

Just out:

Soco International PLC
01 April 2005

SOCO International plc

('SOCO' or 'the Company')


Sale of Mongolian Assets

SOCO is an international oil and gas exploration and production company,
headquartered in London. The Company has continuing interests in Vietnam, Yemen,
Libya and Thailand with ongoing production operations in Yemen.

SOCO announces that it has entered into a Sale and Purchase Agreement (the
'Agreement') for the sale of its Mongolian interests to Daqing Oilfield Limited
Company ('Daqing'), a subsidiary of PetroChina, a publicly listed company that
holds interests in China and worldwide.


Key highlights:

Disposal of SOCO's Mongolian Assets to Daqing for total consideration of
approximately US$93 million

The total consideration comprises:
- a cash consideration of US$30 million payable on Completion
- US$10 million payable in cash 18 months later (in escrow from Completion)
- a cash payment of approximately US$53 million based on production above
27.8 million barrels from 1 January 2005

The Agreement is consistent with SOCO' strategy of rationalising its
portfolio by monetising non-core assets, with proceeds further strengthening
SOCO's ability to participate in further opportunities

The disposal is subject to certain conditions, including approval of
SOCO shareholders


Ed Story, President and CEO of SOCO, said, 'This transaction with Daqing is
particularly beneficial as it provides SOCO with additional capital to deploy
toward projects that can further enhance our core portfolio and is seen as the
first step in greater co-operation with a Chinese industry participant who could
have further interests in expanding its international role.'



1 April 2005


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




Details of the Agreement

The Agreement with Daqing comprises SOCO's entire shareholding in the wholly
owned subsidiaries, SOCO Mongolia Ltd ('SOCO Mongolia') and SOCO Tamtsag
Mongolia LLC ('SOTAMO'). These subsidiaries hold interests in three Production
Sharing Contracts ('PSCs') over Contract Areas XIX, XXI and XXII in the Tamtsag
Basin of Mongolia (the 'Contract Areas'). Completion is expected to take
place following satisfaction of certain conditions contained in the Agreement,
including the approval of the disposal by SOCO's shareholders in an
extraordinary general meeting.

Pursuant to the Agreement, Daqing will acquire the whole of SOCO's Mongolian
interests from SOCO International Operations LLC ('SIOPS') and SOCO
International Cayman Ltd ('SOCO Cayman') (the 'Sellers') for a consideration of
up to approximately US$93 million comprising a cash consideration of US$40
million (21.3 million at an exchange rate of US$1/0.532), plus a subsequent
cash payment amount based on total crude oil produced from the PSCs subsequent
to 1 January 2005 in excess of 27.8 million barrels. The cash consideration is
payable in two tranches. The first tranche of US$30 million is payable, subject
to certain working capital adjustments, in cash on completion. The second
tranche of US$10 million will be paid into an escrow account on completion to be
released to the Sellers 18 months following completion, assuming satisfaction of
the condition that no material undisclosed additional liabilities are discovered
in the interim from the date of completion.

The subsequent payment amount is in respect of all production of crude oil
produced from the three Contract Areas in aggregate subsequent to 1 January 2005
in excess of 27.8 million barrels. This subsequent payment amount is
equivalent to an amount which the Petroleum Authority of Mongolia approves as
recoverable costs and expenses incurred in respect of the Contract Areas in the
period to 31 December 2004. The directors currently estimate that this amount
will be US$53 million. Once the 27.8 million barrels threshold is exceeded, the
buyer is obliged to pay to the Sellers a monthly payment equal to the total
aggregate production for that month multiplied by the average monthly posted
marker price for Daqing crude oil multiplied by 20%. Based upon the directors'
estimates of proven and probable reserves from the Mongolian interests and the
development scenarios as discussed with the buyer, the directors believe that
the full subsequent payment amount estimated to be US$53 million will be payable
to the Sellers. The timescale for the production of crude oil in excess of 27.8
million barrels and the price of Daqing marker crude oil are factors that cannot
be accurately predicted. The transaction is subject to normal interim period
adjustments from 1 January 2005.

Working interest production to the Company from its Mongolian interests averaged
354 barrels of oil per day during the first half of 2004. SOCO's Mongolian
proved and probable reserves on an entitlement basis totaled 42 million barrels
at the end of 2003. Crude oil sales from the pilot production programme in
Mongolia are recorded to reflect nil gross margin. For the year ended 31
December 2003, turnover of 1.7 million was attributable to these sales. As at
31 December 2003, the net intangible asset value of the Group's Mongolian
interests was 40.4 million.

The disposal is consistent with the Company's stated strategy of rationalising
its portfolio by monetising non-core assets. The proceeds from this transaction
will further strengthen the Company's debt free balance sheet, providing
additional leverage to allow it to participate in further opportunities that may
arise.







Notes to Editors

The Group's Mongolian interests are held directly by SOCO Tamtsag Mongolia (XIX)
Ltd ('SOCO XIX'), SOCO Tamtsag Mongolia (XXI) Ltd ('SOCO XXI'), SOCO Tamtsag
Mongolia (XXII) Ltd ('SOCO XXII') and SOCO Mongolia . The share capital of SOCO
XIX, SOCO XXI and SOCO XXII is 100% owned by SOTAMO, which is in turn wholly
owned by SIOPS. The share capital of SOCO Mongolia is 100% owned by SOCO
Cayman.


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

Soco International to sell Mongolian assets to Daqing for 93 mln usd
AFX


LONDON (AFX) - Soco International PLC said it has sold its Mongolian interests to Daqing Oilfield Ltd Company, a subsidiary of PetroChina, for 93 mln usd.

Daqing will pay 30 mln usd cash on completion plus 10 mln usd cash 18 months later. It will also pay 53 mln usd cash based on production above 27.8 mln barrels from Jan 1 2005

Soco said it will use the proceeds from this transaction to strengthen the company's debt free balance sheet, providing additional leverage to allow it to participate in further opportunities that may arise.



newsdesk@afxnews.com

slm/

Any other holders left here or is it just me? Quick thoughts on the deal, could have got a higher price and the terms of the deal could have been better. But it does add cash to the balance sheet and focus and cash can now be fully directed onto more important core areas.

Gav

Jumped ship at 480 so I haven't kept up to speed with these. On the radar screen again though.

LOL

MS

I'm holding in still. Need some more news flow. LOL troys

Mickey, hope you put your profits to good use now! Treating the MIL! ;-)

Troys, we get the results on the 13th of this month and hopefully we should get some news re the 1st well in Vietnam, maybe by the end of the month.

Still holding all mine. Think the recent dip was probably just down to the general market fall, seen falls accross the board as I'm sure you both have also. Not the greatest time in the markets to say the least!

Sets does confuse me. 117k buys approx. against 35k sells, yet the price has hardly moved since the buys started pouring in after 2pm.

I think we have to allow that the management know what they are doing, and that the Mongolia deal was the best they felt they could get. More cash up front would have been nice, 'tho.

August, this Setsmm trading does confuse me a bit as well. We seem to now have a lot of DMA trading. Would have thought we would have moved up a bit more considering the buying this afternoon. But at least we know there are buyers out there. We know that this share can move quite sharply when it does so lets hope it does!

Agree re management. We also have to remember that they hold a lot of shares so I don't think they would have done the deal if it was not in our best interests.

Spoke too soon I think! A load of AT sells in 20 seconds and down 5p! L2 would be interesting here to see what is happening behind the scenes.

Nice trade after the close, 62k at 474.

A few links, nothing of any groundbreaking new news.

http://www.oilvoice.com/m/uploadDetail_public.asp?upload_ID=3485

And this one, Analytical Information Agency, Russia. Don't think I've come accross this site before.

http://www.akm.ru/eng/news/2005/april/01/ns1429863.htm

http://www.uk-wire.com/cgi-bin/articles/200504070700257432K.html

KHA-404
produced over 5,500 barrels of oil per day ('BOPD') when tested earlier this
week and is now connected to Kharir's main production facilities. This marks
the third consecutive success of the four wells drilled thus far in the
programme initiated in August 2004 to evaluate the Basement reservoir in the
Kharir Field. After the first well, KHA-401 was suspended for a technical
review, the KHA-402 well tested at 550 BOPD and the KHA-403 tested at over 6,500
BOPD.


Fantastic flow rate, this should fly today..........................

Excellent news SWW. 3 success out of 4 so far and this part also:

"The fifth Basement well in the current ESDA drilling programme, the KHA-405,
spudded on 28th March 2005."

Looking forward to April here.

Just found this from Google, old news to us but out on the 6th in Mongolia:

PetroChina to acquire the rights to oil assets in Tamsag Basin
(TheUBPost, 06 Apr 2005 08:05 am ULAT. 0 comments)
B.Bulgamaa

PetroChina, China's top oil producer, is to pay up to US$93 million to purchase an interest in Mongolian oil assets from the British oil exploration firm SOCO International, reported SOCO on April 1.

Ed Story, President of SOCO Mongolia, said that this transaction is a very significant event for Mongolia because Daqing Oilfield, a division of PetroChina, has access to considerable resources in equipment and personnel that will greatly expand SOCO's oil exploration and development operations in Dornod aimag. "As a result, we would expect a significant increase in Mongolia's oil production," Story said.

O.Davaasumbuu, Vice Chairman of the Mineral Resources and Petroleum Authority of Mongolia, said that this deal would increase Mongolia's oil exploration and volume of oil exports. According to the agreement, Daqing Oilfield is to acquire the right to develop three territories in Tamsag Basin. Daqing Oilfield has plans to drill a minimum of eight and a maximum of twelve wells. SOCO is currently drilling four wells in Tamsag Basin.

Geologically, Tamsag Basin and Khailaar Basin form one basin. Daqing Oilfield has previously researched the oil reserves of Khailaar Basin.
PetroChina is to purchase SOCO's approximate 85-percent interest in production sharing contracts (PSCs) in Tamsag Basin. PetroChina is to pay US$40 million in cash and another US$53 million subject to total crude oil production from the PSCs exceeding 27.8 million barrels, starting from January 1, 2005, according to SOCO Mongolia.

SOCO's Chief Financial Officer Roger Cagle said that the deal represented a good return on the less than US$20 million that SOCO had invested in the oil assets.


http://ubpost.mongolnews.mn/business.php?subaction=showfull&id=1112792738&archive=&start_from=&ucat=3

I must say that I expected a better reaction from the Market in respect of this news.

Very odd.

But then this one does not go by the normal rules I suppose.

Thought it would have moved up more as well SWW, as the flow rate of 5.5k bopd was a decent one. 3 out of 4 successful wells and the 5th also spudded. But still a good result IMO. The small cap market seems hard to predict right now so maybe has something to do with today. Anyway, even if the market doesn't react as we hoped today, its still good news and adds to the size of the field.

Indeed Gav.

Back to finding trojans.................(blo*dy kids).

Blo*dy brokers

Seymour Pierce has outperform on Arena Leisure and says sell Soco International (LSE: SIA.L - news) .

http://uk.biz.yahoo.com/050407/336/ffupl.html

SWW, thanks for that. Good to see that not many are taking Seymour's advice! Although it may have put some off buying on this mornings news. If I remember correctly, Seymour put out a sell note last year when the sp was around the 3 mark. Cant see why people would want to sell at this time leading up to the results and the results from the first Vietnam well.

As far as Trojans go, I remember you were quite handy at swishing your sword at these nasty trojans!

Yes.

The kids are next on the list.................

This time is a bit different.

The malware was imported using trojans and they are resident in Win32.

Every time I remove them, the internet stops.

I have to do a retore to make it work but hat then restor the Trojans.

I am not happy keeping them on so I may have to do a compete system rebuild yet again.

Asx far as I can telll they came in with a dvd game called Half Life. To use multiplayer on the internet you have to install their equivalent of game spy,and they seem to piggy back in with them.

Easy to resolve if I kill the kids this time.

Not going to be quick this time.