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 pays off in the end. Just got back from holiday to see this one as really moved up nicely. Lets hope theres a lot more left in the tank.

cheers GF.

Nice going up 9p.

cheers GF.

up 18p now. Very nice

Another cracking day for us. Just tried to do some dummy trades with Comdirect, can buy 5250 at 427 but can sell 25000 at 425.

Good start to the New Year for me. I just hope it will keep going. Even PXC moved.

MS

Reading around some of the other BB's, there's not a lot of talk re SIA, apart from on TMF (which is excellent) and a thread on Advfn. So i would assume that SIA are not on a lot of people's monitors, which is fine. So what happens when the newsflow picks up and people start to see the potential. :-)

Still marching on up. Keep it coming :)

Up 18p at the moment. Nice.

cheers Gf.

Do I top up or is the up trend going to flatten out soon?

MS

Should keep going.

cheers GF.

Just spotted this for the first time, how did I miss it?

Well done to those who took note of GF.

On my watch list!

Welldone GF. It only gets better

Another great day, up 34p. Still a serious stock shortage, but then again, it's been like that all December also. Can sell 25k at 467.5 but only buy 2500 at 470. Considering how tightly a lot of these shares are held, the shortage is not really surprising.

MS - I know the dilema, gone up so fast so how can it go on. I've bought 3 lots and will probably buy 1 more, but there has not been any dips in this rise. However, as the news starts to come out over the next few months, I think we will be a lot higher. IMO

SWW, I mentioned these a few times on the SEY thread. Will send you an email soon.

Just topped up. GF you can certainly pick them.

MS

With the other oil companies holding sizeable stakes what are the chances of a battle for control?

A big chance I would say as consolidation in the industry is sure to pick up in 2005.

cheers GF.

Got the message, TMF looks intersting.

ee did a good job there gf.

lol

Wher's me piggy bank?

GF

Where to from here for next week?

MS

PS. how did the hols go?

Upwards and onwards.

Hols were fine MS, just really getting back to full throtle now.

cheers GF.

You holders will be pleased to hear that I tried to buy 5k online and failed 3 times.

That is a very good sign, obviously a stock shortage!

That was just before closing, try again Monday.