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Sonde Resources Corp

Based on the information available, SOCO International PLC (SOCO) is a UK-based company engaged in the exploration and production of oil and natural gas, with operations primarily in Vietnam and Africa. The company's stock is listed on the London Stock Exchange and is a component of the FTSE 250 Index.

When it comes to SOCO's business operations and financial performance, here are some key points to consider:

1. Basic Materials: SOCO is primarily focused on the exploration and production of oil and natural gas, which fall under the basic materials sector.

2. Earnings: SOCO reported revenues of $310 million in 2020, down from $427 million in 2019. The company's net income was $23 million in 2020, down from $87 million in 2019.

3. Growth: SOCO's revenues and net income have been volatile in recent years, reflecting the ups and downs of the oil and gas industry. However, the company has made significant discoveries in Vietnam in recent years, which could provide a foundation for growth in the coming years.

4. Dividends: SOCO has historically paid dividends to its shareholders, but the company suspended its dividend in 2020 due to the impact of the COVID-19 pandemic on its financial performance.

5. Risks: SOCO operates in a high-risk industry, with significant capital expenditures required to explore and develop new oil and gas fields. Additionally, the company is subject to a range of risks related to geopolitical instability, environmental regulations, and fluctuations in commodity prices.

It's worth noting that investing in stocks, particularly those in the oil and gas sector, carries inherent risks and uncertainties. As such, it's important for investors to conduct their own due diligence and consult with a financial advisor before making any investment decisions.

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