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SIA Soco International Plc

61.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Soco Investors - SIA

Soco Investors - SIA

Share Name Share Symbol Market Stock Type
Soco International Plc SIA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 61.80 00:00:00
Open Price Low Price High Price Close Price Previous Close
61.80 61.80
more quote information »

Top Investor Posts

Top Posts
Posted at 11/9/2019 12:02 by dodger777
One of the issues I find with the company is they don’t say much about anything that’s going on.
Then need to up their game in the comms department. If they are rebranding themselves then a perfect opportunity to start being more proactive at getting the company noticed.
On the dividend. As I said I would like to see it split over the year, it would help attract more investors having two divvys per year. Maybe something else the company will consider during their rebranding exercise.
Posted at 01/9/2019 16:45 by tournesol
oil investornot sure whether it's lemon or orange or passion fruit. but it's definitely curd.
Posted at 09/8/2019 09:46 by lauders
Thank you EE and oilinvestorAl. I would agree about any result not being game changing re: a single well but hopefully a positive result will get us into a more positive investor mindset and we will start heading towards 100p+ again. Bring on the positive news and let's see the LONG awaited turn in share price please!
Posted at 15/7/2019 20:34 by magic_spehar
On the same subject:
From The Jerusalem Post (July 15):

Two consortia have submitted bids for oil and gas exploration rights offshore of Israel, the Energy Ministry said on Monday.

A consortium made up of British companies SOCO International and Cairn Energy together with Ratio Oil Exploration, and another consortium of British firm Energean Oil & Gas in partnership with Israel Opportunity, submitted bids for 12 out of 19 offshore blocks available for exploration, the ministry said.

“Several years after the natural gas deal was passed, there are three international groups – based on European and American companies – that will seek to develop the gas and oil resources of the State of Israel,” said Energy Minister Yuval Steinitz.

“The proposals received will triple the number of licenses for gas and oil exploration in Israel’s economic waters [from six blocks to 18]. The arrival of additional European companies in Israel, alongside the imminent construction of the Leviathan platform and continued development of the Karish-Tanin reservoir, will lead to the dismantling of the monopoly in this field and increase competition.

“We are continuing to act to transform Israel into a regional energy power,” Steinitz said.

Under the second offshore energy tender process to date, the Energy Ministry offered licenses for the exploration of 19 blocks, each spanning up to 400 sq.km. each. The blocks were divided into five clusters, with each cluster not exceeding 1,600 sq.km.

Marketing the blocks in clusters was intended to match search areas to geological structures on the ground. The allocation of larger areas sought to enable companies to conduct geological and geophysical surveys in a more professional and efficient manner, in addition to increasing the attractiveness of the areas to investors.

Steinitz – together with ministry director-general Udi Adiri and other representatives – held numerous meetings with representatives of international energy companies, the ministry said.

Despite reports that American oil and gas giant ExxonMobil and Brazilian corporation Petrobras were considering bidding for exploration rights, neither company submitted bids.

Bidding companies were asked by the Energy Ministry to prove their financial ability to explore the offshore blocks, with basic guarantees for each license costing $2.5 million. Additional licenses for blocks within the same cluster cost a further $500,000 per block. Prior to drilling, license holders will be required to provide additional guarantees of $5m. per block.

Exploration licenses will be awarded for an initial three-year period, after which extensions may be granted on two occasions for a total of four years based on progress in exploration and drilling activities.

Seven natural gas fields have been discovered offshore of Israel to date, including major reservoirs found at Tamar and Leviathan that are estimated by the Energy Ministry to hold a combined 750 billion cu.m. of natural gas.

The first of four giant barges transporting the Leviathan natural gas platform to Israel departed the Gulf of Mexico last week ahead of its September installation off the Israeli coast.

Once assembled, project partner Noble Energy will commence a series of commissioning tests prior to initiating commercial gas flow before the end of 2019 to the Israeli market, and subsequently to neighboring countries.

In February 2018, Delek Drilling and Noble Energy signed a $15b. decade-long deal to supply 64 billion cu.m. of natural gas to Egypt from the Leviathan and Tamar gas fields, with the latter already supplying natural gas to Israel since 2013.

The deal with Egypt follows a September 2016 agreement worth $10b. between Jordan’s National Electric Power Company and the Leviathan project partners to supply a gross quantity of 45 billion cu.m. of natural gas to Israel’s eastern neighbors over a 15-year period.
Posted at 16/5/2019 16:16 by patterbu
very, very , seldom post, but i have made a few bob over the years from SIA but, in order to make that have sold a shed load. so now my holding is not a lot , but still watch with interest. by the way the divi is ok as well. just do not want to offload at these prices ( overall after the early giddy gains when I sold, the remainder still, i think after divis, have a small gain)
does not help but out there are still investors who watch and perhaps>>> wait???
Posted at 13/5/2019 16:34 by ohisay
but charts tell you nothing about the direction of future prices

When somebody uses the word nothing (or another black and white epithet)you should generally run for the hills.
Try looking for empirical evidence to support that word nothing - you wont find any.
EE just throws ALL of the whole technical bathwater out with the fundamentalist baby.

(And I'm a 30 year investor too)
Posted at 13/5/2019 13:57 by buywell2
Charts are the BEST tool for an investor

Thing is not many can read them correctly


How to make friends an influence people
nigelpm8 May '19 - 08:58 - 22625 of 22666

Haha. Mugs selling here at 66p with a 5p divi entitlement coming tomorrow. What a hoot.
Posted at 23/4/2019 10:22 by kenobi
Interesting post ee re Ghawar, there's a lot of less oil than people thought, but Matt Simmonds was pretty clear years ago, in fact had it not been for the rise of shale oil, he would have been pretty spot on I would guess.

Shame they don't tell us about how production has fallen over the years, that would be interesting and if it's accelerating at Ghawar or leveling off, interesting they quote depletion at 1 or 2% but Ghawar has fallen by a 1/3 over what period I wonder ?

What's happened to the water cut ? It would all be interesting to know, I agree with investors in general that I'd rather hold bonds than shares, especially at the kind of valuation they're looking for,

K
Posted at 18/4/2019 07:14 by quepassa
A divergence in Price Targets from two recent broker recommendations:

1. 5th. April Peel Hunt REITERATE BUY with TP of 130p
2. 9th April Jefferies REITERATE HOLD with TP 74p.

At today's price of 76p current, Jefferies' TP is already stale.

Peel Hunt's TARGET of 130p looks more realistic in my view and they see a massive 70% UPSIDE to today's price.

Momentum coming back into Soco which has been left behind in the recent positive run for oil stocks but now catching up as investors reassess the strong prospects of Soco .

ALL IMO. DYOR.
QP
Posted at 14/2/2019 10:30 by 0rient
Lauders..I reckon all the weak holders and those fed up with SOCO are long gone leaving a fairly firm base of stubborn investors who will see this through and are happy taking the big dividend whilst they wait. Investors can be fickle, sentiment can change on a dime and hopefully SOCO will have its day shortly 👍🏻👍🏻

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