Sound Energy Share Discussion Threads

[manics] 18/12/2018 14:24

Bagholders last chance to dump ahead of sub 10p imo. Busted flush here.The coming TE10 duster delivering single digit share price surety imo.

[g2theary] 14/12/2018 23:48

Remember that adding these at 3p ... looks like it's heading that way again

[manics] 14/12/2018 16:03

Act of desperation from Sound management imo. Delivered a DCB which will now aggressively be sold into.

[steelwatch] 14/12/2018 15:44

conference call, if you missed it:

[napoleon 14th] 14/12/2018 12:32

OGIF's letter of support looks nice enough, but there's nothing more than a copy & paste-able logo, no address, no named writer and no signature.
Although it does have a date, legally speaking this is no value at all......
Why bother?

GLA anyway. I hope we get some money back here.

[buffythebuffoon] 14/12/2018 10:20

Hi Tel,

Funny you should mention that, I’m back on the Barolo!

Buffy

[steelwatch] 14/12/2018 09:35

Don't use the app on my phones. Chrome much richer experience, but backup power is a must.

[manics] 14/12/2018 08:22

The ADVFN app mobile no longer displays thread headers anyway. Still handy though!

[steelwatch] 13/12/2018 23:43

There is also a less conspicuous "up arrow" at the bottom in case you press the down arrows by mistake and want to actually explore the header content

[kwizza] 13/12/2018 23:12

Thanks steelwatch never knew that

[johnweaver] 13/12/2018 20:54

Steelwatch Thanks for explaining their utility, I had thought them merely decoration.
most useful.

JW

[steelwatch] 13/12/2018 19:42

kwizza - the arrows are to help mobile phone folk to skip the header, thus avoiding RSI of the thumb

[smraynot] 13/12/2018 19:29

Spot on 'Luckyman3' great potential for a 10 bagger with a good wind. Blue blue blue tomorrow imhho.

[luckyman3] 13/12/2018 17:38

Exciting times ahead
Sound Energy, together with its partner Schlumberger, has started
drilling its second exploration well in its current programme on the
Tendrara concession, onshore Eastern Morocco where it is operator
with a 47.5% working interest. This programme is looking to evaluate
multiple independent geological play types contained within the
licence. The next two wells are targeting multi-TCF potential which, if
successful, has the ability to provide a step change in the group’s
reserves and resource base. In addition to Sound’s obvious
exploration potential, we derive a valuation for Sound Energy’s
share of the TE-5 discovery of approximately US$360 million using
industry standard valuation methodology – equivalent to 27.1
p/share. Sound’s on-going exploration has the potential to materially
increase this valuation.
Although not covered in the report Sound also has a second asset in
country, Sidi Moktar, with significant potential. The valuation of this
asset will be covered by a follow-up to this note shortly.
▪ Tendrara campaign. Sound’s first well in the current three well
programme (TE-9) was drilled on the A1 prospect which had a primary
target of a Triassic fault block. The reservoir quality was poor. The
company spudded its next well (TE-10) on 7 December which is
targeting a large stratigraphic trap and a smaller structural closure.
P50 unrisked gas in place is estimated at approximately 2.8 TCF,
worth potentially 110p/share. This is expected to take 30 - 40 days to
complete. Once this is completed, management is looking at drilling a
Palaeozoic target although the precise location of the prospect has not
yet been finalised. This programme has been selected to explore three
major geological targets and will then allow the management to
ascertain the potential running room in the licence for future drilling
programmes or to demonstrate sufficient understanding of the basin to
be able to monetise the assets early.
▪ TE-5. As well as this exploration programme, the company is moving
forward the TE-5 discovery ready for development. An independent
reserve certification has identified gross contingent recoverable
resources in this discovery of approximately 377 BCF of gas. The
partners are progressing with the FEED (Front End Engineering &
Design) with the hope of getting FID in 2019 and start up of production
in the field by 2021.
▪ Valuation. Using the industry standard valuation of a discounted cash
flow analysis, we derive a valuation for the Sound Energy’s share of
the TE-5 discovery of approximately US$360 million which adjusting
for the cash equates to a value of 27.2 p/share. This uses a gas price
of US$8.9/mcf in 2019 and is escalated at 2% per annum. The
discount rate used is 10% (with a 2% reduction increasing the
valuation by a further 17%). Using this metric as a basis for the
exploration upside, one could assume that a discovery of 1 TCF net
recoverable resources to Sound Energy could add a further 166
p/share to the asset value. Investors should view any valuation in the
context of their own assessment of relevant risks.

[telbap] 13/12/2018 16:52

Blue again tomoz?

[kwizza] 13/12/2018 15:21

Do you reckon you could turn the arrows at the top around now steelwatch :)

[buffythebuffoon] 13/12/2018 15:05

g2theary,

It doesn’t smell like it used to, but trust me, it smells.

There’s an easy way to find out, but make sure any lights you want on are already on...

Buffy

[ride daice] 13/12/2018 15:02

depends how much H2S is in it.

[g2theary] 13/12/2018 13:49

I didn't think gas smelled

[copestake] 13/12/2018 13:21

It's already been discounted.

[dgarvey] 13/12/2018 13:01

Why is TE5 worth 275m when it's not even producing?That might be the company valuation but a buyer would significantly discount this figure.

[ny boy] 13/12/2018 12:39

Why has the share price been dropping from 40p’s + to mid teens today and TE5 is valued at 27.5p?

Something not right here?

[steelwatch] 13/12/2018 11:21

Didn't have time to dial in. Hopefully, a recording may become available.

[1westham] 13/12/2018 11:13

Smells like gas