Leak Theory As Soco Soars After Revealing a New Find ; Market Report
Evening Standard - London › June 28, 2005
Linked as:
Summary
IT was easy to attribute oil explorer Soco International's gain of 181/2p yesterday to the advances made by many such companies as the oil price soared. But today's official stock market announcement of its new find in Yemen will set some wondering if the news had leaked out yesterday.
Under the fortuitous cover of the $60 barrel, those in the know had the perfect opportunity to fill their own barrels. Soco today revealed that a crucial test-drilling by 60-owned consortium Comeco had proved successful and was capable of pumping 7500 barrels a day, significantly boosting Soco's reserves.See the full content of this document
Extract
Leak Theory As Soco Soars After Revealing a New Find ; Market Report
The East Shabwa development in Yemen is the company's only working oil field - its interests in Vietnam are still at the exploratory stage...
See the full content of this document
Sponsored links
