Sound Energy Share Discussion Threads

[brookemia] 17/1/2020 15:23

tombi1
Posts: 1,296
Price: 1.898
No Opinion
RE: FeedToday 14:55
no tr1 , no name to potential buyer ( why does not make sense and having a special deal to get the money should have a compo for the company if they back out imo) what scenario do they need to keep secret ,inhouse, errrm , still don't know who is running sound , who has left , who is still there , what are the board doing everyday , do we still have teabags , so many ifs or whats or don't knows , they have rewritten the laws of aim or they are living on the edge of the aim rules , i have a suspicion something very unexpected is going to happen hear very soon , just a feeling , we should remind them about those awards they greatly received on pr work ,and when it is not good they way they are treating investors . looking into a mirror comes to mind , 4 weeks today till 14th , i still don't expect the expected by then . but we will see

[pjl4] 17/1/2020 08:35

Well I certainly did not make any money in this investment....but there was lots of promise(s). Oh but its an exploration so no promises....please.

[oldvic] 16/1/2020 12:05

Rabat – British industrial company Sound Energy received approval from Morocco’s Ministry of Energy for a pipeline project but is waiting to proceed pending negotiations with the Ministry of the Interior, the company has announced.

Sound Energy shared a press release about the approval on January 13, stating that it passed the environmental impact assessment (EIA) by the ministry.

The company is seeking to build and operate a 120-kilometer 20-inch gas pipeline to connect “proposed gas treatment plant and compression station (CPF) to the Gazoduc Maghreb Europe pipeline (GME).” The Maghreb Europe pipeline runs from western Algeria, through Morocco, to southern Spain.

The pipeline project, called the Tendrara Export Pipeline, will cross the Matarka village in the province of Figuig in eastern Morocco and Jerada in order to reach the Maghreb Europe pipeline.

With regards to the environmental impact assessment of the gas treatment plant, the company announced that the project “is progressing well.”

Sound Energy expects to get an approval for the environmental check at a second meeting with the National Committee from the Moroccan Ministry of Energy, Mines, and Environment on January 28.

The company is also in talks with the Ministry of the Interior to obtain rights for the pipeline through “a long-term lease agreement for a 50 [meter] wide corridor along the entire 120 km length.”

The British firm also reassured that its Gas Sales Agreement (GSA) negotiations continue.

In August 2018, the Moroccan government approved a permit for the British firm to start drilling a fourth well in the region with an eight-year contract, taking effect from October 2019.

On October 29, 2019, Morocco’s National Office of Electricity and Drinking Water (ONEE) signed a memorandum of understanding with Sound Energy to cover the sale of natural gas from the Tendrara concession in eastern Morocco.

Sound Energy said that it is “pleased”; to announce the signing of an amendment to the binding memorandum of understanding with ONEE to stretch the period of negotiations for the Gas Sales Agreement to March 31.

“The company continues to work on a Build-Own-Operate-Transfer funding solution for the infrastructure at the Tendrara Concession in parallel with progressing the previously announced proposed sale of a substantial stake in the Company’s Eastern Morocco Portfolio,” the company concluded.

The Moroccan government is satisfied with international companies’ exploration work in eastern Morocco. In December 2019, Morocco’s Minister of Energy Aziz Rabbah said that 13 companies are exploring gas in Morocco.

He added that the gas wells recently explored in Tendrara in eastern Morocco will meet 30% of the country’s oil demands.

Rebbah also said that the government has invested MAD 82 billion in the energy sector.

[ngms27] 13/1/2020 15:46

There's no puzzle. It's in a death spiral and all the rats have jumped overboard already.In this case the Captain chose not to go down with his ship...

[inthemix] 13/1/2020 13:07

Puzzled why this isn't moving back up, confusing is the aim world sometimes.

[brookemia] 12/1/2020 17:23

trellis35
Posts: 2,278
Price: 1.886
No Opinion
RE: MoanersToday 14:21

NUOG (ie C4 with Dennan from Coro as their CEO) have to complete an RTO by May to retain listing. I know people love conspiracy theories but Feb 14th to May leaves enough time for Sound East to do a deal, and Greenberry (Marco) to do a deal on the debt on Sidi, set it up as a separate company, reverse it into NUOG( which they got for buying up debt at a discount max 1.5 million but likely to have been far less as it was distressed and comes with nearly 9 million of tax write off losses, add allowable tax losses from Malta/ Switzerland on the 28 million) and walk off with " a sand box full" for nowt- rinse and repeat after all with a whole new lot of investors. CIP will still retain their shares in East just in case a deal goes through in which case(as free money) it would not worry them unduly whether their share was their % of 23% or 14%
Good job our corporate governance is so strong and there are no conflicts of interest on the Board or we could really get shafted- ooops 1.852p

[brookemia] 11/1/2020 09:19

The Worm has turned🤦̴5;♂️
29354;:

crudehope
Posts: 9,711
Price: 1.886
No Opinion
RE: ParsonsFri 21:59
Woodrow, I agree it is far from perfect & I would love to hear what the other options were. I would also love to know who is just about to grab 6-7% of our company ?
Moroccan mates? Someone or some entity stands to make considerable money off the backs of long suffering shareholders.......................

[brookemia] 09/1/2020 20:12

Pontcanna
Posts: 735
Price: 1.914
No Opinion
The BoD and advisersToday 17:58
Let's face it whose is to blame here ! I have rung every adviser mentioned at the bottom of each RNS this afternoon- whose calling ? A private investor - everyone was away from their desk ! Can you send an email- which is fair enough. Apart from one - won't name him I won't say but the guy had no idea about Parsons's previous ramps but was was aware of recent LSE comments ! I asked him to tell his wife over dinner tonight what he does for a living and the pain this company has caused to many people. What I would ask for all the disgruntled investors - ring these people and voice your criticism- 150k down I've seen a few times Worth a few calls and e-mails !

[m0rrisminor] 08/1/2020 18:45

A vision of parsons will stick in my memory for ever it was, a photo shot of himself between to victims sorry I meant investors he was wearing a suit swiss Tony would have been proud to wear while the victims sorry again ,investors Freudian slip he looked like.

A matinee idol they looked shot to bits and should have spent their hard earned on clobber,!!..

[tidy 2] 08/1/2020 15:55

Super field Parsons. He pulled off the ultimate ramp give him that. Jumped up fukker

[telbap] 08/1/2020 11:53

@m0rrisminor.....turned into fools gold

[inthemix] 07/1/2020 11:59

Matter of time till the heard arrive.

[brookemia] 07/1/2020 09:49

anyone got recordings/videos/podcasts/emails of any sound communications/seminars/events featuring Pinocchio🤥Parsons outlandish/fraudulent claims please send to:

[e-mail]

Appreciate it😇

[brookemia] 07/1/2020 09:46

Dog_With_Fleas
Posts: 94
Price: 1.85
No Opinion
RE: Hang TightMon 19:30
Pontcanna - Aye... there were a handful of dissenters. Seem to recall 250swb taking a real hammering regarding his trading plan fears. Funny how things turn out!
ReplyRecommend (8)Report Post
Pontcanna
Posts: 718
Price: 1.85
No Opinion
RE: Hang TightMon 19:22
I constantly questioned the TP as a method to deal within closed periods and was shot down ! The freeing of Marco's mates shares to deal (sell) without RNS was a given. Jones do as my late Dad did to whistleblow on his fraudulent boss and buy just one share which allows you attendance to the AGM and more importantly the next EGM - You can then claim credubilty as a Shareholder and it won't cost you a lot apart from broker fees !

[inthemix] 06/1/2020 15:19

Easiest buy of the day, rapid double up inbound

[m0rrisminor] 05/1/2020 19:29

What happened to the golden tickets ?.

[brookemia] 02/1/2020 21:12

Ferguson, you certainly are not wannabe anything🤦205;♂️ you are the real deal...🤡

[brookemia] 22/12/2019 20:21

OilmanJim
AAOG BLOE SOU UOG RKH TXP UJO RBD SOLO PXOG ECHO
Posted: 22 Dec 2019 02:49 AM PST
Companies are now saving up their good news for next year, but there were still plenty of interesting announcements last week. Anglo African Oil & Gas (AAOG) CEO, James Berwick, resigned on Monday and the share price now is down to around half a penny. They're only going to "commence a search for a new CEO at the appropriate time” so it’s looking like things are over at this company. It’s a good result for those who paid attention to what I've being saying about Anglo African over the past year and shorted it. Most though were simply very angry with my comments. As Mark Twain said: “It’s easier to fool people than to convince them that they have been fooled.”

Another winner for shorts over the last six months is Block Energy (BLOE), which ramped up its share price in anticipation of a placing on the basis that it was producing 1,100 barrels of oil per day and didn’t need a placing. In fact, as I warned numerous times, the production was mainly water and the price collapsed once the truth was admitted by the company. Block announced an operations update on Tuesday in relation to its latest well, but I would guess that having been spoken to very firmly by the regulators, it's taking no chances now, disclosing only that the well is "flowing" and not even mentioning the word “oil” this time. It’s remarkable looking back on this now, how aggressively I was attacked at the time by those peddling the false stories and also by those who wanted to believe them.

A third disgrace is Sound Energy (SOU), which I've been calling down from the mid 40s. It announced yet another "keep the lights on" placing on Wednesday, this time at 2p, but it's still capitalised at £26 million, so has plenty of room to fall further, which it may well do since the sale of its assets now sounds very far from certain. A big success for those who shorted it though.

A further company attracting controversy is United Oil & Gas (UOG), where some placees who were sitting on losses have gone on a ramp. The claims being made on social media were so excessive that the company was forced on Friday afternoon to issue a RNS disclaiming them and emphasising that sustainable production rates could be significantly lower than the initial test. The group responsible for the statements which prompted the RNS has previously been distributing other misleading information and I would strongly suggest taking the time to read carefully and understand fully all the RNS announcements from United Oil & Gas and Rockhopper Exploration (RKH). On the brighter side for those stuck in at higher levels, if the pump continues to work temporarily, it could provide an opportunity to get their money back.

More realistic news from Touchstone Exploration (TXP) which announced strong test results from its COHO-1 well, plus an oil discovery. In the New Year, they're going to comprehensively test the the Cascadura-1ST1 well and, if the findings are positive, it will set up a development drilling program. Still to be resolved though is how this would be funded.

Union Jack Oil (UJO) and Reabold Resources (RBD) announced that extended well test operations are to be recommenced following receipt of the required regulatory approvals. The market was not impressed unfortunately and the share prices of both companies dipped, although Union Jack looks to be the firmer of the two now.

Solo Oil (SOLO)’s production acquisition is looking uncertain. They’re now trying to renegotiate terms with ONE Dyas to reflect changes since signing, but there are no guarantees that new terms can be agreed and the deal may not proceed. No market changes here though since the shares currently are suspended.

Prospex Oil & Gas (PXOG) announced the possible acquisition of a minority stake in a Spanish gas power project. They say they believe their current market cap represents a fraction of Prospex's underlying value, unfortunately, the market probably won’t believe that and the financing for all this is likely to be at an even lower price next time.

Echo Energy (ECHO) announced mobilisation of the rig to drill the Campo Limite exploration well, which is due to spud before year end. The operator’s estimated volumes for gross gas initially in place for the Campo Limite area is 48.9 billion cubic feet P50 mid case. Estimated geological chance of success is 70%. Let’s see if luck changes over the New Year for this part of Mr. Parson’s self styled “holy trinity.”

I'll be back next Sunday with a full blog and podcast and if you'd like to know my actual trading ideas, then subscribe to the private blog at hxxps://www.oilnewslondon.com/oilman-jim The next issue will be sent out on Friday.

In the meantime, I wish you all a very Merry Christmas.

Contact me on Twitter @oilmanjim


The author holds one or more investments in one or more of the companies mentioned so this post cannot be viewed as independent research. This post does not constitute investment advice or a recommendation to buy or sell and may be incorrect or outdated

[napoleon 14th] 22/12/2019 05:04

This is about POO, not price of oil...