Sound Energy Share Discussion Threads

[geoffmanana] 14/6/2017 12:30

Not always Billy.....you flatterer!!

[teacup] 14/6/2017 11:12

9tintin

Never say never. I can see where you are coming from but the picture has changed. With any discovery company it's a risk. The risk here is quite low the rewards are massive. Like SOU EME have a few potential discovery's

[9tintin] 14/6/2017 10:49

tea cup

Good luck with EME and Good 'ol Tom - couldn't wait to exit and took a massive loss (for me) - never ever ever going back.

Remember the days when EME hit 21p ?

then the POO hit the rocks and the rest is history,,,,,,,,,,,,,,,,,,,,,,,

sorry for off topic.

tintin

[9tintin] 14/6/2017 10:44

Given the current rate of drilling c20 mtrs a day the should reach the bottom the horizon in a couple of days - unless it's a monster reservoir !!!

Add a day maybe two to analyse what they've got and install the liner - maybe news on Monday next week.

Fingers well and truly crossed.

tintin

[teacup] 14/6/2017 10:44

100% faith in SOU I'm just touting my golden tickets for a while

[teacup] 14/6/2017 10:43

I have just done something I thought I never would. I rebalanced my portfolio for a few days. Just sold a few SOU about 10% and bought a few EME which is about to take off. I am a long term holder in both. I hope to sell the EME in a week or so and buy back into SOU. EME could double in a very short space of time from here.

A gamble I know and if they both do well it's a win win

[4u2c] 14/6/2017 10:16

Sound Energy PLC (LON:SOU) said drilling at its Badile onshore well near Milan, Italy, has uncovered “significant gas shows”.

However it also ‘sounded’; a cautionary note, telling investors the early results shouldn’t be considered conclusive. Drilling and logging must to be completed to establish the full picture.

Gas was encountered at a measured depth of 4,375 metres within the main reservoir target. Chromatograph data indicated it was composed of methane and pentane.

Drilling has been paused to allow workers run in a liner after which Sound will continue to the bottom of the reservoir.

To date the company has scored significant success at Tendrara, in Morocco, where it has discovered significant accumulations of potentially commercial gas.

However, Sound’s Italian assets were the foundation stone on which the company was built and it has two producing wells – although their output is modest.

Badile could be a game-changer for this portion of the portfolio. An independent assessment suggests the target could be host to around 178bn standard cubic feet of gas with a net present value of £400mln.

That figure is what’s called a ‘best case’, unrisked estimate. It sits at in the middle of the range with the ‘high case’ forecast being 670bn cubic feet and the ‘low case’ 46bn cubic feet.
[...]

[mikemichael2] 14/6/2017 10:04

Agree just yesterdays 'insiders' taking their i'll gotten gains.

[napoleon 14th] 14/6/2017 09:21

Significant news soberly released - what's not to like?
Keep holding your tickets!

[manics] 14/6/2017 09:07

Malcy speaks:

Potentially very good news from Sound this morning as the first news from Badile is good. The well has reached its primary reservoir target and found ‘significant gas shows’ at 4,375m which is most encouraging. They have suspended drilling ahead of running the 7″ liner after which they will proceed to the rest of the reservoir. The company are correctly warning investors not to get carried away (some chance) until the full results are known. Having said that, if this was to come in then the last few years would have been worthwhile, a long time ago I remember having 50p a share in for Badile, i’m not going to change that now although it will need tweaking depending on the results.

[jovi1] 14/6/2017 08:39

Sp action little disappointing so far let hope for a good run until the end of the week at least

[bozowl7] 14/6/2017 08:35

I note that the rns doesn't say gas shows.It says Significant gas shows !

[noramping] 14/6/2017 08:32

It is good news, bit early to say how good based upon the RNS, obviously news leaked and the market responded yesterday forcing the company to rns.

[ch1rp] 14/6/2017 08:14

Fantastic news!!!!!!! GLA

[copestake] 14/6/2017 08:09

Haven't read on here for awhile but had a scroll back to see Chelwoods last message. It was worth it Lol.

[rutter] 14/6/2017 08:07

Will the O & G savvy peeps please comment in due course on its "significance" TIA

[noramping] 14/6/2017 08:03

Dave, they haven't mention the amount, they just say c1 to c5 gas.
The amount will be confirmed after logging, in reality this looks like an rns due to price movement (i.e. News leaked again) yesterday.

[dave19w] 14/6/2017 07:57

they did say they found a load of gas, just not the exact amount until the flow test is done.. yes it is good news.

[manics] 14/6/2017 07:37

strongbuy: the answer's in the RNS. They need to place the liner, drill on to the bottom of the reservoir then log that sucker to be in a position to say how much (if any) they have.

[ride daice] 14/6/2017 07:36

strongbuy,

They are putting the liner in.

[1westham] 14/6/2017 07:33

# boxbandrevivalcancelledduetobadmanagement

[strongbuy] 14/6/2017 07:32

What does this mean???

Is it positive? why suspend drilling?

Why not just say that "we found a load of Gas"???

[1westham] 14/6/2017 07:32

Here she blows!

[james_jones] 14/6/2017 07:30

#where'schelwood