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.

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.

Another one were we are awaiting news.

cheers GF.

All a bit quiet lately. Any views anyone.

MS

Just waiting on news Mickey.

Me too.

gf.

Interesting choice.

I first came across these in 1999 and bought at 44p in June that year. My holding is long gone, but they've done little for some time. Things ran out of steam when there was a lot of cross-buying between directors and their various companies. Ed Storey was an understudy of Lee Richmond (CEO Exxon) before striking out with SIA - that all from memory so please check. Russia was a problem for them, but it did for so many, e.g. JKX back then. The vietnam acreage is long held if it is the same they had 3-4 years back and they had great hope for it back then.

400p will be the biggie. SIA peaked there in late '97 before falling about 90% in '98 and it failed there in early '03 as well.

Might dust off my research! ;-)

Al

Big Al

Would be great if you could dust off your research. It's been stagnant for a while, well apart from the move south.

MS

been going down for days now. I have been thinking to buy some 330+ good thing i didn't, I have no idea where these are going at the mo.

Drilling update just released:

Soco International PLC
29 October 2004


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

Mongolia Operations Result in New Oil Field

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 wholly-owned subsidiary, SOCO Tamtsag Mongolia, Inc. ('SOTAMO'),
has successfully completed its planned four well 2004 exploration programme in
Mongolia. The objective of this year's programme was to explore the most
prospective areas delineated by the interpretation of recently acquired seismic
in an area North of the currently producing Tolson Uul field. All four wells
drilled in this year's programme encountered hydrocarbons.

Two wells have been completed for production as part of the pilot production
programme. One well has possible formation damage and will be further
evaluated. The fourth well will be completed in 2005. As is typical, drilling
and completion operations have been suspended for the Mongolian winter months.

The success of the first three wells drilled this year has resulted in the
designation of a new field, Tolson Uul North.

Individual Well Results

Well 19-20 was drilled to a total depth ('TD') of 2,410 metres encountering good
oil shows in the Tsagaantsav formation. The well was completed in this
formation and fracture stimulated, which resulted in an initial production rate
of approximately 70 barrels of oil per day ('BOPD').

Well 19-21 encountered good oil shows in the Zuunbayan and the Tsagaantsav while
drilling to a TD of 2,625 metres. The well was completed in the Zuunbayan
formation with an initial production rate of approximately 120 BOPD.

Well 19-22 was drilled to a TD of 2,600 metres. Although it encountered good
oil shows in the Tsagaantsav formation, a sudden and complete loss of
circulation occurred in a fracture zone during drilling. The well was
successfully cased and will be further evaluated over the winter and completed
in 2005.

The final well of the 2004 programme, the 19-23, was drilled on a previously
untested structure to a TD of 2,253 metres. The well encountered good oil shows
in the Zuunbayan formation thus extending the productive area of the basin
approximately nine kilometres to the north. The 19-23 was completed, but initial
test results indicate that reservoir damage is potentially limiting the well's
performance. The well has been suspended for further evaluation.

The pilot production programme will continue throughout the winter from those
wells capable of being produced in Contract Area 19. SOCO plans to focus near
term future activity on improving performance from the existing producing wells
and further evaluating the productive trend identified by the new wells.
Following a thorough combined geoscience and reservoir engineering review, the
Company will plan the next stage of the area development.

Ed Story, President and Chief Executive of SOCO, commented:

' The success of our exploratory drilling programme in Mongolia this year
increases our confidence in the reserve potential of the Tamtsag Basin. We will
integrate the technical data from this year's drilling programme to improve our
understanding of the highly prospective but complex area.'

29 October 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

SOCO is operator and holds an approximate 85% working interest in PSC's over
Contract Areas 19, 21 and 22 in the Tamtsag Basin in Mongolia through its wholly
owned subsidiary, SOCO Tamtsag Mongolia. The Chinese company providing the
drilling services has earned the right to take a 10% working interest and a 5%
interest is being carried through the exploration phase for PetroVietnam, the
Vietnamese national oil company.

SOCO acquired a 100 square kilometre 3D seismic programme, early in 2004, to
further evaluate an area north of the currently producing Tolson Uul field in
Contract Area 19. The programme allowed definition of a broad structural high
with an areal extent of approximately 23 square kilometres. The area was first
tested in 2003 by the 19-17 and 19-19 wells, both of which encountered oil in
the Tsagaantsav and Zuunbayan formations and both of which are now on
production.

The crude oil is sold at world prices primarily under a contract with China
National Oil Corporation, but also occasionally to area power plants. The crude
sold is trucked under a turnkey contract to a pipeline terminal in Aershan
Oilfield in China for further transportation to a refining centre.




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

Soco reports successful completion of Mongolia drilling programme
AFX


LONDON (AFX) - Soco International PLC said it completed its four-well exploration programme in Mongolia and that all the wells drilled encountered hydrocarbons.

Chief executive Ed Story said the success of the drilling programme increases the company's confidence in the reserve potential of the Tamtsag Basin in Mongolia.

newsdesk@afxnews.com

ak/

They may have successfully completed the drilling programme but it dosen't look to me what they found was that successful. Phrases like "Further evaluation and suspended" don't fill me with a lot of confidence. My car uses more oil than they found. I'm really loosing support for this one especially after reading Big Al's posting. I don't think there is anything new here.

MS

Now where have I seen this kind of low key RNS drilling report before?

Oh yes, Cairn energy!!!!!

& look what happened to that.

Here Here.

cheers GF

Good article in the saturday Mail.

What did it say in a nut shell Troys please???????????.

cheers Gf.

Worth a punt

Cheers.