Registered:
22/06/09
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12th Oct '18
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TomKe's Latest Comments

Africa is a lawless place where people get killed all the time, 2 villagers killed by soldiers, and the attempted murder of the head ranger of a National Park is par for the course and INHO not evidence of an oil company inspired conspirarcy. The head ranger has many enemies:http://www.independent.co.uk/news/world/africa/who-tried-to-kill-the-man-who-protects-the-congo-gorillas-9271431.html "Mr De Merode was not without enemies as many locals were unhappy with his rigorous…

Hi EE, I was aware that the Soco acreage is not in an area under dispute, unlike Premier's, but I don't think that instability in an area is good news for anyone. Any oil discovery these days tends to come with political risks attached and we should count ourselves fortunate that Vietnam is one of the oil company friendlier countries. Tom

It may be a 'childs drawing' but it looks as though China means business on the 'nine dotted line'. http://en.wikipedia.org/wiki/Nine-dotted_line Latest incident is in Vietnam and reported in 'The Guardian'. http://www.theguardian.com/world/2014/may/07/chinese-vietnamese-vessels-clash-south-china-sea This has the potential to 'blow up' big-time all across the South China sea not just in Vietnam especially if (when) the Chinese economy makes a hard landing caused by a banking collapse and…

On the subject of waiting here is a great post from SW10Chap on the Fool. http://boards.fool.co.uk/meanwhile-at-soco-towers-a-cautionary-tale-9447434.aspx?sort=recommendations It is from 2005, Tom

Hi MadDutch, Thank you for your suggestions. I too have a view that my house should not be risked but I have in the past borrowed c10% of the house value to invest in Soco when I thought it was miss-priced. The borrowing was repaid out of income and the no exposure of house capital rule was restored. The mortgage idea this time was to…


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