SOCO International

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Oil price, Primeline, Northern, Sundry-Soco-Afren-Thalassa-Weir- And finally...

Oil price The rally in the oil price was impressive yesterday and continued overnight and in London this morning. Whilst there were a number of bullish factors at work such as the API stats (albeit they came after the US close) and the strong dollar it was also very much the case of believing what ... Wednesday, June 10, 2015

Oil price, Cairn, SOCO, Gulf Keystone, Sundry-Shell-Total-WoodMack-Hunting- And finally...

Oil price Brent performed better than WTI yesterday as markets worried about the EIA inventory stats due out after the close. In the end they were poor, reporting another stock build of 4.5m barrels not echoing the small but important draw from the API the day before. What was most interesting abou... Thursday, March 12, 2015

Oil price, Shell, Caza, SOCO, Sundry-BP-IGas-Petroceltic- And finally...

Oil price Are we about to capitulate one might ask? Although the market has stayed remarkably stable for all of two weeks the signs are not that good, el-Badri continues to say that the pain has to be taken before the gain but it might take one more shake out for the market to become more comfortabl... Thursday, January 29, 2015

SOCO International trading and operations update

SOCO International plc issues the following trading and operations update in advance of the Company's full-year 2014 results, which are scheduled for release on 12 March 2015. The information contained herein has not been audited and may be subject to further review. Ed Story, CEO of SOCO Inter... Thursday, January 29, 2015

Oil price, BP, SOCO, Sundry-Bowleven-NTOG-Egdon/Union Jack- And finally...

Oil price It was move down Monday as traders told me that in an extraordinarily illiquid market buyers stood off and let the price continue to fall. There is no obvious floor at the moment but the market should expect more pain, if you are a seller that is. The CEO of KNOC said yesterday that he th... Tuesday, December 9, 2014

ERC Equipoise completes its evaluation of the Block 16-1 Te Giac Trang field

SOCO International announces that ERC Equipoise ("ERCE") has completed its evaluation of the Block 16-1 Te Giac Trang field ("TGT") offshore Vietnam, which confirms the Company's long standing view of the size and production potential of the TGT field. Evaluation highlights:... Tuesday, December 9, 2014

SOCO International announces its Interim Management Statement

SOCO International plc today announces its Interim Management Statement relating to the period from 1 July 2014 to 12 November 2014. Operations Production averaged 13,598 BOEPD year to date through 31 October 2014; 2014 full year production now expected at 13,300-13,800 BOEPD due to higher-than-a... Thursday, November 13, 2014

Oil price, Weir Group, IGas, SOCO, Sundry-Amec-Iona Energy, And finally...

Oil price We are back down towards the lows after Saudi Arabia announced their December pricing policy yesterday. The market got a bit rattled and initially marked Brent up to around $86.40 but soon realised that within the 'formula' there was a discrepancy aimed at the US market. The thing... Tuesday, November 4, 2014

SOCO successfully completes testing exploration well Lidongo X Marine 101 ST1 well

SOCO International announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well ("LXM-101"). The well significantly exceeded pre-test expectations, reaching a pos... Tuesday, November 4, 2014

SOCO International completes drilling LXM-101 well

SOCO International announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has completed drilling the exploration well Lidongo X Marine 101 well ("LXM-101"). The well encountered oil in a clastics sequence in the Djeno sand formation with dri... Thursday, October 16, 2014

SOCO International announces interim results for the half-year to 30 June 2014

Operations Production averaged 13,960 BOEPD in the first half; 2014 full year production guidance remains 14-15,000 BOEPD TGT 2014 in-fill drilling programme is ongoing with 6 development wells to be drilled in 2014 TGT FPSO total liquids test to 140,000 barrels of liquids completed; the oil prod... Thursday, August 28, 2014

SOCO International provides an update on activities

Republic of Congo (Brazzaville), Marine XI SOCO announces that the Lidongo X Marine-101 ("LXM-101") exploration well has spudded in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo (Brazzaville). The LXM-1 well is designed to test the extension of an adjacen... Thursday, August 7, 2014

SOCO and WWF agree way forward on future activity in Virunga National Park

SOCO International plc (SOCO) has agreed with WWF in a joint statement to commit not to undertake or commission any exploratory or other drilling within Virunga National Park unless UNESCO and the DRC government agree that such activities are not incompatible with its World Heritage status. This was... Wednesday, June 11, 2014

SOCO International interim management statement

SOCO, an international oil and gas exploration and production company, today announces its Interim Management Statement relating to the period from 1 January 2014 to 14 May 2014. HIGHLIGHTS Production net to SOCO's working interest averaged 14,090 BOEPD for the four months to 30 April 2014, i... Thursday, May 15, 2014

SOCO International announces apointment of Chief Financial Officer

SOCO is pleased to announce that Anya Weaving will join the Company as Chief Financial Officer with effect from 1 May 2014. Anya joins SOCO from Bank of America Merrill Lynch where she was a Managing Director in Mergers and Acquisitions ("M&A") with responsibility for the oil and gas sect... Thursday, April 3, 2014

PA Resources announces approval of Mer Profonde Sud farm-out in Congo

The assignment of a 60 percent working interest in the Mer Profond Sud exploration area to SOCO, announced on 4 November 2013, has now received governmental approval, subject to regulatory approval to enter into the third and final period of the licence. Subsequent to obtaining the necessary approva... Wednesday, March 5, 2014

Soco International provides preliminary results for the year ended 31 December 2013

Soco International PLC announces its preliminary results for the year ended 31 December 2013. Operational Highlights TGT gross production exceeded 60,000 barrels of oil equivalent per day (BOEPD) in April's first phase of Floating Production, Storage and Offloading vessel (FPSO) testing prior... Wednesday, March 5, 2014
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