In 2018, SOCO International (SOCLF, SOCLY), the London-listed upstream company, previously focused on oil and gas fields offshore Vietnam, made a transformative value-accretive step. Shareholders approved the Merlon Petroleum El Fayum Company acquisition; after the completion in April 2019, the firm established the footprint in the oil-prolific Western Desert in Egypt, increased 2P reserves by 24 mmboe and 2C resources by 37 mmboe. As a result, higher production (Merlon produced 7,859 bopd in 2017) will impact future revenue, cash flow, and EPS. Also, apart from inorganic growth initiatives, in 2018, the company