Sound Energy Share Discussion Threads

[1westham] 25/3/2019 08:48

They can say what they want, they are wrong and will be taught one hell of a lesson in the near future! Start of the positive news flow we have been expecting IMO.

[1westham] 25/3/2019 08:29

Manics panics!

[manics] 25/3/2019 08:02

eggbaconandbubble: this might ease you toward a 'light bulb moment':

[napoleon 14th] 25/3/2019 07:49

Nice confidence booster this a.m.

Main quality required for O & G explo. investors : PATIENCE + PATIENCE + PATIENCE.

This explo will become a producer - question is only "how much?".
In the same way, no final investment decisions have been taken,
making room for figure upgrades.....

Badile and TE9 are part of the knocks you have to take in this game, but ever since the 17 scuffs at TE5 it has become more and more likely that PATIENCE will pay off.

[manics] 25/3/2019 07:29

Why pay for research notes with the share price at 11p when "the share price doesn't matter" (only the LE price, according to JP)?

The hastily prepared research notes absolutely confirm the company is guilty of puffing up the share price (which indeed worked -from 11p to 33p).

"The share price doesn't matter*" though, right Sounders?

*and that is what JP said, and yet he'll bang out research notes apparently in the face of changing "important information". You can't have it both ways imo.

[manics] 25/3/2019 07:22

The company just funded research notes putting value at 27p. Why did they not wait a few weeks if observing what they consider to be "important information"?

Were they desperate at 11p?
Are we being prepped for TE10 disappointment?

At the very least none of it is being managed at all well, imo.

[eggbaconandbubble] 25/3/2019 07:21

Manics, What are you on about? Or what are you on?

[manics] 25/3/2019 07:19

"....provides support for the Company's field development plan consisting of a number of horizontal stimulated production wells spaced to optimise recovery."

Here we go again, Sounders. I'll start:

"I don't think the wells will be drilled. Repsol will step in and we'll be #soldonwelltest 2 weeks from now".

Copestake: correct here though your multi-handle (Levelup) got it wrong on LSE "Nice but of unexpected news." LSE doesn't have an edit feature either, imo.

[copestake] 25/3/2019 07:05

Nice bit of unexpected news.

[chumbo1] 25/3/2019 07:02

25 March 2019Sound Energy plc("Sound Energy" or the "Company") Tendrara: Update on TE-7 Connected Gas Volume Sound Energy, the Moroccan focused upstream gas company, is pleased to provide a further update on the TE-7 well reservoir pressure, following the latest retrieval of the pressure gauge data. The measured pressure data provides further information on the extent and quality of the reservoir at TE-7 and provides additional confidence for the development plan of the Company's existing TE-5 Horst discovery, which remains subject to Final Investment Decision. The latest pressure measurements reveal a current reservoir pressure of 413.4 bara at the TE-7 well location with the pressure continuing to increase towards the original reservoir pressure of 422.6 bara confirmed by the Company on 19 July 2017. The period of pressure monitoring has been extended to observe this continued pressure increase and will continue. The pressure build-up trend is important information as it allows the Company to estimate the connected volume of in place gas ("GOIP") accessible by the TE-7 well. Analysis of the pressures measured in the well recorded over time has led to an increase in the Company's estimate of connected GOIP around TE-7 to a volume exceeding 115 Bscf. Historical analysis of the pressure trend, announced on 19 July 2017, had previously shown that the volume of connected GOIP around TE-7 exceeded 40 Bscf. The significant increase in the Company's estimates of minimum GOIP connected to the TE-7 well provides support for the Company's field development plan consisting of a number of horizontal stimulated production wells spaced to optimise recovery.

[manics] 23/3/2019 12:50

steelwatch: you do know really though, you can't not know, because it's been discussed more than once before since 2016 on this BB.The prospect of cash distributions sit in the same realm as Repsol buyouts at 1000p. Chimps like the idea of a forced increase in share price to show Mr. Market how terribly wrong everyone else is - and to do so overnight, so posting 'dem multibaggin' incredi-gains. It's all just fantasy imo.

[copestake] 23/3/2019 11:20

I saw someone noted at the same time Coro had set up a new subsidiary for the reverse take over attempt of Ophir.

[buffythebuffoon] 23/3/2019 09:50

Note the principal activity is the extraction of hydrocarbons, rather than finding them.

Buffy

[1westham] 23/3/2019 07:29

See the link Midasx posted recently, question asked at the pub, JP gave his answer, sort of!

[mikepearce45] 23/3/2019 07:24

Thanks Steelwatch - interesting possibility

[steelwatch] 22/3/2019 23:58

Someone on the LSE board said something about selling Tendrara, or the TE-5 Horst development at least, and returning cash to shareholders whilst transferring the shareholders and remaining prospects into Sound New Co.

No idea how accurate that is or whether it is just one of a number of possibilities. I wasn't at the pub meet.

[mikepearce45] 22/3/2019 23:14

While we are waiting for news, can anyone shed any light on or express an opinion for the possible reasons behind the incorporation, on 21 Feb 2019, of a new private limited company, the details of which are given below.

Sound Energy New Co. Ltd No 11839292 ( a private limited company)

Secretary ;- AMBA Secretaries Ltd

Director :- James Parsons

Shareholding :- 1 Ordy share held in name of Sound Energy PLC

Principal Activity :- Extraction of crude petroleum
Extraction of natural gas

Could JP be considering taking Sound private perhaps?

[copestake] 22/3/2019 16:27

Volume creeping up towards the end. We are likely to see an RNS Monday regarding JP exercising share options and selling some to make his holding 3.1 million.

[1westham] 22/3/2019 07:33

Well lse has a great debate going on regarding sale and contingency share price
I'm sure our RT will like to add some points, such as, no point or what's the point.

[manics] 21/3/2019 16:19

15:58:03
179,377
22.3

-more volume at the bid, imo. Gotta be setting up for that trapdoor dump into the teens imo.

[1westham] 21/3/2019 08:20

A nice summary of known news and a few spews from the resident troll.

[manics] 21/3/2019 07:25

"Positive discussions have continued to progress the gas sales agreement ("GSA")... The Company expects to sign binding GSA terms shortly".