Company Profile For Soco International PLC

Soco International PLC (SIA.L) (London Stock Exchange)

sector: Energy · industry: Oil & Gas Exploration & Production ·

As of 26 Nov 2009

1,244.00GBp

Price Change

-66.00

Percent Change

-5.04%

Analyst Recommendations

Overview

SOCO International plc (SOCO) is an international oil and gas exploration and production company. SOCO’s projects are located in five countries: Vietnam, Thailand, the Republic of Congo (Brazzaville), the Democratic Republic of Congo (Kinshasa) and Angola. In July 2008, the Company announced the commencement of production operations at the Ca Ngu Vang (CNV) field on Block 9-2 in Vietnam. In January 2009, production net to the Company’s working interest averaged 3,724 barrels of oil equivalent per day and 2,874 barrels of oil per day from the Ca Ngu Vang field offshore Vietnam and the Bualuang field offshore Thailand, respectively. In April 2008, the Company completed the sale of its interest in the East Shabwa Development Area to Sinochem Petroleum Limited.

Quick Financial Synopsis

BRIEF: For the six monhts ended 30 June 2009, SOCO International plc's revenue totaled $66.6m, up from $0. Net income from continuing operation totaled $31.6M, vs. a loss of $730K. Revenues reflect the presence of revenue from Asia region. Net income also reflects a decrease the absence operating costs and improved operating margins. SOCO International plc (SOCO) is an international oil and gas exploration and production company.