Soco Share Discussion Threads

[laptop15] 02/4/2019 14:41

Director buys will follow :))

[laptop15] 02/4/2019 14:37

Great RNS...market must be asleep!!It's a big green light now for me!!

[lauders] 02/4/2019 14:32

So now let the re-rate begin. Good they are bringing a second rig in and getting things going from the off. Just need the market to sit up and pay attention now. From an "old poster".

[redhill9] 02/4/2019 14:30

RNS just released confirming completion of Merlon acquisition.

[tournesol] 02/4/2019 14:22

Who are all these new posters and what have they done with the SIA board?

[pumph] 02/4/2019 13:33

When do the additional shares associated with the Merlon acquisition become live ? Just wondering if the share price may take a hit initially.

[nigelpm] 02/4/2019 12:21

close of play today or 7am tomorrow is my guess for the RNS - won't release during trading hours.

[tyler19] 02/4/2019 12:20

The RNS states “...expects221; and not “ will complete”. Although, I do hope it’s sooner than later.

[laptop15] 02/4/2019 12:15

Agreed stepone, RNS today or tomorrow morning makes sense with the Friday RNS. They wouldn't say Tuesday unless completion was almost there

[tyler19] 02/4/2019 11:58

Also, I do hope that they do more than just confirm completion of takeover. A consolidated set of accounts post takeover would be good. Perhaps a future drilling plan for merlon, similar to what they have for Vietnam already. Is that asking too much?

[stepone68] 02/4/2019 11:54

They said on Friday it would complete today - I can't imagine it's slipped a couple of weeks over the weekend? Expecting confirmation today or tomorrow morning.

[tyler19] 02/4/2019 11:31

That was the plan based on approval from the authorities. However, I suspect today was merely a target date.

[general george] 02/4/2019 11:17

Completion is due today

[tyler19] 02/4/2019 11:16

It may be a couple of weeks before it’s completed, making sure all the documents are in place.

[joestalin] 02/4/2019 11:07

The market don't appear to "like" the mgt of sia - understandably so?!

You could say that of a number of E&P cos, DH

[general george] 02/4/2019 10:03

That is very true. Hopefully all can be revealed shortly....

[tyler19] 02/4/2019 09:55

Either that or merlon spent the money on further drilling. I prefer the latter in the current oil price environment.

[general george] 02/4/2019 09:51

SIA have 15months production to book on completion. From Jan 18.

Could this be as much as $50m?
Looking at the crude fiscal example in the presentation and adjusting oil to 60pb and 6.5k bopd production.

Any thoughts?

[dunderheed] 02/4/2019 08:17

Yes and there's the obvious elephant in the room.
The market don't appear to "like" the mgt of sia - understandably so?!
Until they deliver on promise this will remain so.
All imho of course.

[russiaguru] 02/4/2019 07:17

They paid too much for a reasonable asset in a high tax, unstable region.

Considering rre, this company should have done much better

[emptyend] 02/4/2019 07:14

Tullow is up 20% in the last two months. Premier is up 40% over the same time........neither have been doing anything dramatically different from SOCO - except that SOCO today is closing a deal that will drive growth. I would like to think that SOCO will see some material price moves over the coming weeks, now that there is no fundamental reason for the differentials to continue.

[lauders] 02/4/2019 07:02

Yes, also been watching JSE! RSI is overbought at the moment. Should have bought lower down but alas funds not available. Let's see what happens to SIA's share price today. Probably not much!

[homebrewruss] 02/4/2019 06:20

Thanks Lauders, I'm liking these cash generative E&P companies at the moment.
This acquisition looks to be transformational.

JSE is another one I like with increasing production, throwing off cash and a divi decision to be made later in the year.

[laptop15] 02/4/2019 06:11

Think we will get an intra RNS, as it does say on Fridays RNS that the deal completion will occur on the 2nd so makes me think during the day.