Sound Energy Share Discussion Threads

[ziblot] 20/7/2017 13:39

Where have these trolls come from on the other boards?

[ziblot] 20/7/2017 13:38

I agree, pretty confident and assuring.
Malcy Yesterday; Just basically what we already know;
Sound has announced the progress on the TE-7 EWT which demonstrates very strong pressure recovery which is still ongoing. Pressure stabilisation is expected to take another 6-8 months and estimated gas volumes in place, once the reservoir has reached full pressure stabilisation of 40 Bscf as per the company’s preliminary expectations. This will enable the Company to confirm a field development concept with regular spacing of sub horizontal stimulated wells ‘similar in design to TE-7.

[ziblot] 20/7/2017 13:32

Malcy;Sound has announced the progress on the TE-7 EWT which demonstrates very strong pressure recovery which is still ongoing. Pressure stabilisation is expected to take another 6-8 months and estimated gas volumes in place, once the reservoir has reached full pressure stabilisation of 40 Bscf as per the company’s preliminary expectations. This will enable the Company to confirm a field development concept with regular spacing of sub horizontal stimulated wells ‘similar in design to TE-7.

[m0rrisminor] 19/7/2017 19:01

Low flow aka easybrent filter just can't stand neg heads.

[mikemichael2] 19/7/2017 17:01

lowflow - 06 Jul 2017 - 16:22:25 - 10696 of 14286 UKOG strikes oil 2016 - UKOG

The hay days are over, when the stock dosent trade up on RNS and tweets. 2p here we come.

--------------------
LOL.

[andymunchkin] 19/7/2017 16:51

andymunchkin - 19 Apr 2017 - 12:53:46 - 24691 of 24733 SOU - Sound Oil plc - SOU
andymunchkin - 08 Sep 2016 - 18:11:33 - 86 of 176 Plenty in the pipeline for Sound Energy (SOU:AIM) Cantor Fitzgerald - SOU
tis co. needa solid rerate, wil i se 40p???

[lowflow] 19/7/2017 16:28

I think its very likely that the stock will be below 40p in August, and I tell you why here:

1. The current gas discovered in Tendrara doesn't support the current share price. James was very unclear about the 1 TCF = £1 on the last call, he would stand behind that number anymore. I am not surprised, as a number of variables have changed since they made that statement:
a) The number of shares has exploded (James and the team have printed options / warrants to suppliers, BOD, lenders, former director and just anyone who borrowed the WC at the Seven Oak office),
b) The gas price assumption they used in the Sep 2015 CPR, just doesn't hold anymore. Algeria is selling gas to Spain and Italy for $5-5.5 / mcf, so why the h.ll would Morocco utilities pay a premium to this price. Anyone who now claims that SDX is getting much higher prices and Sound should get the same prices, needs to consider that SDX is producing very small volumes and their sales can more be seen as distribution sale to small local industries while Sound sale will be going to CCGT requiring 10-20x what SDX is selling.

2. Sound needs to raise capital, you will now say that - NO James said on the call that they wont. I tell you one thing, I have listen to a lot of these investor calls, and in my view James was indeed warming up the market for a capital increase. And they need to raise equity and its pretty simple why they need to do that. They have $40m in cash and $30m in debt, and to be frank I think Grenberry who have written the bond to Sound feels that its pretty important that Sound holds a solid cash balance to support this bond.
The more important reason to raise cash is the following. Sound next well will be on Tendrara or in that area. Sound can afford its share of the well with the cash balance. But if you consider the implication of the result of this well you will see that the conservative and most prudent thing to do is to raise cash before drilling this well. If the well comes in great, the stock will bounce. But as we know all wells dosent come in (Badile and TE-8). So if the next Tendrara dosent come in, the stock will be slaughtered, as they market will read it as, there might not be more to Tendrara than the discovery around TE5-TE7 and the stock could easily half to 20-25p. Considering this its much smarted to raise $30-50m before drilling this well, so they have plenty of cash to drill additional exploration/appraisal wells and support the Tendrara development of the next well is a duster. Raising $30-50m will put pressure on the stock, but its much better than raising $30-50m below 20p in Q1 2018 if the next well is a duster (if the equity market is even open for them).
The pressure to raise cash will build up over the coming months and put pressure on the stock.

3. The fall in the share price is starting to get self-fulfilling. A lot of retail investor has put in significant parts of their savings and pensions in Sound. Most of them might have thought that they would take a fall in the share price and hold for the long run. But as we all know this is not the way psychology works. When the stock keeps going down 55p, 50p, 45p, 40p etc. The holders will feel significant pain and they will have to sell some of their positions as it’s the prudent thing to do. Golden Tickets are nice to have but in the end of the day its better to have some savings left rather than putting everything on James Golden Tickets.

Below 40p in August.

[buffythebuffoon] 19/7/2017 15:27

Cheers Steelwatch, I've listened to it. I thought it was the best conference call he has done.

Buffy

[steelwatch] 19/7/2017 11:01

buffy - if you still haven't accessed the CC on 7 July, it's now available on the website. See bottom of header above.

[buffythebuffoon] 19/7/2017 10:47

Hi Terry,

Just thought I'd mention that the Germans surrendered.

Buffy

[ride daice] 19/7/2017 09:27

ROFL. This well should deliver 40 BCF.

[terry topper] 19/7/2017 09:18

The phrase 'low permeability reservoirs' is not good. This is not a positive RNS unfortunately.

[1westham] 19/7/2017 08:08

Should start the ball rolling nicely!

[telbap] 18/7/2017 18:49

All action over at ukog, got lucky there.....still a lot.of runni g to do if anyone is looking for an option.

[legin3] 17/7/2017 22:02

apparently chelly got run over by his marching band and was killed. lol

[1westham] 17/7/2017 21:42

I too topped up at 52!

Pennies in the pound some day soon!

[geoffmanana] 17/7/2017 16:39

Added another 30k at 52.7139p this morning......Not the best of timing.

[manics] 16/7/2017 21:46

Nice. I sold at 102p. Placed a buy at 44p ready for the ride up to £5 later this year when we get the liquidity event.

[geoffmanana] 16/7/2017 20:47

Having sold my main holding in SOU in the 80s' which obviously was very fortunate: I now feel it's time to accumulate again.
I recently bought 30k at 48.4999p and will look to get back to the level I had before I sold hopefully at an average around 50/52p.
We all scoffed at Chelly and his 50p marching band....well think about it, we are here now. Tendrara was always the golden ticket and the disappointing Badile results has given us the opportunity to buy in at a level most of us did not think possible a few months ago.
I firmly believe at least 70p is achievable by the end of the year.....that's approximately 40% gain from here.
IMO it's a great opportunity.
GLA
Geoff

[kazz] 16/7/2017 12:32

Well, after a disappointing result from Badile and resulting fall in the SP, I feel , well hope, that the 45p ish, was the low, and I now feel a bit more comfortable,with an share price over 50p,that we can regroup,dust our self off, and leave Italy behind and concentrate all of our efforts on Morocco with all guns blazing. Hopefully James can up the game in Morocco without now being sidetracked by Italy
Regards .....Kazz.

[1westham] 16/7/2017 01:43

I agree but someone kindly asked!

Bb change the long/short position, usually encouraging their short term play.

[telbap] 16/7/2017 00:06

Westy.......BB are full of bull sh1t.

[1westham] 15/7/2017 17:17

For those who.

British Bulls Friday: BUY

[1westham] 15/7/2017 17:12

Well Chelly and NGMS seem to have left for short pastures new. Nobody will never make me believe Ngms was anything other than short SOU. Finally after curtailing everything positive with his negative lean, he's gone from 30 posts a day to 0.

Perhaps anything positive can be enjoyed by the longs now.