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The author may hold shares in this company. All opinions are his own. You should check any statements that appear factual and seek independent professional advice before making any investment decision.
SOCO International plc is an international oil and gas exploration and production company. The Company has oil and gas interests in Vietnam, which includes Block 9-2 and Block 16-1; Republic of Congo (Brazzaville), which includes Marine XI Block and Marine XIV Block, the Democratic Republic of Congo (Kinshasa), consists of Nganzi block and Block V and Angola, which include Cabinda Onshore North Block. The Company's operations are located in South East Asia and Africa. It holds its interests in the Republic of Congo (Brazzaville), through its 85%-owned subsidiary, SOCO Exploration and Production Congo SA (SOCO EPC). It holds its interests in the Democratic Republic of Congo (Kinshasa) through its 85%-owned subsidiary SOCO Exploration and Production DRC Sprl. Te Giac Trang (TGT) field’s Phase I production began on August 22, 2011. Total production net to its working interest from continuing operations, during the year ended December 31, 2011, were 5,437 barrels of oil equivalent per day. more »
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Not this one. For some reason I've missed the notification this time. Anyone interesting on?
FOGL I believe.
I'm currently in Inverness heading north (why you may well ask just at the moment) so I won't be there.
http://oilbarrel.com/pub/conference
FALKLAND OIL & GAS
Falkland Oil & Gas - Investor Presentation
12 03, 2013
Presentation link "http://www.brrmedia.com/event/110217/partner/oilbarrel"
Courtesy of MrContrarian tweet
Snowed in this morning, I'm afraid, so couldn't get to London after all.
T
There is also a good presentation by Argos Resources given at APPEX in March 2013 on their website. Of interest is the fiscal regime slide.
I was mulling my holdings in Falklands oilies today and deciding what action to take if any (looking at topping up). I found Proselenses "last words on the subject" & negative summary at that of each company and wondered how the land lies months on from that 2012 summary.
http://www.stockopedia.co.uk/content/falkland-oil-and-gas-2012-its-over-for-now-63024/
Having read the FOGL & Argos presentations & reviewing the Borders 2011 annual report,my mood improved.
I just think the Falklands play is getting underway with FOGL trading below cash holding & carried on next 3 wells,Argos looking to Farm out,and Borders shooting the 3D ,and their 2012 results out.
The secrets of the basin are slowly being revealed.
From a subsurface perspective the basins hydrocarbon potential is a lot more proved up and the seismic quality is very high.
If dilution of share price through equity raising can be avoided then its looks attractive as the next phases come into play & the big boys sit up and take notice of the derisking to date:
Argos ,FOGL & Borders all drilling in 2014
We have Permier in with Rock hopper,and Edison & Noble with FOGL.
Perhaps the recent islanders vote & the white smoke from the vatican is a signal.
FH
Who voted me down for getting snowed in?
In reply to tournesol, post #6
Well, I'm sure you could have tried harder to get there! Got out the sled and the huskies? :-)
Peter
Actually my daughter had to get to the station very early that morning but was not confident driving in the snow, so I took her in my shiny new car. Having had it only a week I had not had time to buy tyre chains* or snow tyres for it so ventured out au naturel. I managed to get to the station and almost made it back but I was rear-ended just behind my house by a 17 year old school boy driving in snow for the first time. With the snow coming down thick and fast and the roads impassable to vehicles I did briefly contemplate walking the 4 miles to the station on the offchance that trains to London were running despite the news bulletins saying not, but contemplating my crumpled car, I decided that one mishap was enough and stayed home. I apologise to everyone inconvenienced by my timidity and sloth.
* I had tyre chains for my old car as a legacy of driving to alpine ski resorts where they are compulsory. For the past few years I've used them here during snowy spells and they have been brilliant - giving my two wheel drive far better traction than any 4x4 on the many steep hills near where I live. Unfortunately they are the wrong size for my new car, so I resolved to get some winter tyres of which I have heard great things. I just wasn't fast enough.......
Understandable - given that "spring" starts tomorrow ;-)
ps....I've levelled it up for you :-)
Winter tyres...amazing things. We put them on the front wheels of our front wheel drive cars every winter up here in the highlands, and they make a huge difference. You don't need them on the rear wheels of a front wheel drive. Recommend them unreservedly....