Sound Energy Share Discussion Threads

[steelwatch] 07/1/2019 15:55

Manics 7 Jan '19 - 15:14 - 14080 of 14080 Moderate | Ban

Has your subscription lapsed?

[manics] 07/1/2019 15:14

"the majority buying into the recoverable grade optimism that is growing by the day.

For God's sake man listen to what you're saying. Just be careful imo. SOU has added £45m today. Of what?

-forty five millions pounds of hope. Of "optimism". Of potential. Of maybe. Of could. Of might. Forty five million pounds...?

It's fun, just be veeeeerry careful.

[1westham] 07/1/2019 13:32

10,000,000 small pieces of this company have changed hands already today, the majority buying into the recoverable grade optimism that is growing by the day.

[manics] 07/1/2019 13:27

I don't have any position noramping -I've been through this multiple times now.

You can stick a hole just about anywhere and find evidence of hydrocarbons. Too many AIM investors don't understand how easy this is to do. AIM BOD's can spin fantastic tales of opportunity with "stains" and "shows" and "potential" and they do, and they will again, because it doesn't really take much (in the context of millions of years of geology) to make it appear just so.

However sooner or later the market wants the real jam. Recoverability. Flow rates. That's when the tide goes out imo.

[noramping] 07/1/2019 13:19

Maybe/potential/could be Gas? I think you’ll find IT IS GAS, you must have lost quite a bit over the last few weeks or so.

[manics] 07/1/2019 13:16

Great price action, don't get me wrong, though it's all the same "potential", "maybe" "could".

It will take something of substance to positively progress and maintain imo.

[thereptile] 07/1/2019 13:10

100% up in last month, admittedly from a low base !

Sentiment seems to be changing, finding some hydrocarbons can have that effect

[1westham] 07/1/2019 12:33

No sign of the trolls!

Time to prove up, finally, pipe extraction build and get TE11 ready.

[greatfull dead] 07/1/2019 10:35

Steel,

Can you do one for the fells please?

ATB,
GD

File_Skiddaw_and_Little_Man.JPG

Great_Sca_Fell_from_Meal_Fell.jpg

[greatfull dead] 07/1/2019 09:14

Really pleased for all holders. Well done in keeping the faith.

ATB,
GD

[1westham] 07/1/2019 09:01

Come on you Soundies!

That's all she wrote, can you smell the money!

[telbap] 07/1/2019 08:40

Bring back the old BB!!

[global nomad] 07/1/2019 08:06

out of auction now at 24.7.....

[ride daice] 07/1/2019 07:57

Sound Energy
‏@soundenergyplc

Sound confirms potential material de-risking of Strat Play at TE10.

[comcols] 07/1/2019 07:52

Positive news indeed...

[james_jones] 07/1/2019 07:09

Sound Energy PLC Eastern Morocco: Further TE-10 Update
07/01/2019 7:00am
UK Regulatory (RNS & others)

RNS Number : 2894M

Sound Energy PLC

7 January 2019

Sound Energy plc

("Sound Energy" or the "Company")

Eastern Morocco: Further TE-10 Update

Sound Energy, the Moroccan focused upstream gas company, is delighted to announce a further update on the Company's TE-10 exploration well following the identification of gas bearing sands within and below the currently mapped TAGI structural closure, which potentially materially de-risks the stratigraphic upside in North East Lakbir in the Company's Greater Tendrara licence area. The North East Lakbir stratigraphic trap had a pre-drill mid case potential on a gross (100%) basis of 2.7 Tcf gas originally in place ("GOIP") (4.5 Tcf GOIP upside case and a 1.5 Tcf GOIP low case) and the smaller TAGI structural closure had a mid case potential, on a gross (100%) basis, of 128 Bcf GOIP (210 Bcf GOIP upside case and a 75 Bcf low GOIP case).

The Company also confirms the achievement of total depth ("TD") with TE-10, the potential identification of additional thin bedded net pay and the successful recovering of a gas sample to surface.

The TE-10 well was the second in Sound Energy's current three well exploration programme in the Tendrara area designed to explore three geologically-independent plays and to establish the potential of the basin. The well is located approximately 25 kilometres to the northeast of the recently awarded Tendrara production concession, which contains the TE-5 Horst discovery unlocked by Sound Energy in 2016-17.

The TE-10 well has been drilled to a TD at 2,218m measured depth ("MD"), 209m MD below the base of the TAGI sandstone sequence, in an, as yet, undated section of mudstones and minor thin bedded sandstones, with gas shows down to 2,070m MD.

The Company announced the preliminary results of the intermediate TE-10 logging results on 27 December 2018, which included a potential TAGI gross reservoir sequence from 1,899m MD to 2,009m MD and an initial net pay estimate of up to 10.5m, with an average porosity of 8%.

The Company has now completed the FMI (high definition formation micro-imager log) which provides a microresistivity image of the well bore at a much finer resolution than the initial logging suite. Significantly, the FMI has potentially identified the presence of additional thin bedded net pay within the previously identified potential gross reservoir interval between 1,899m MD to 2,009m MD. Quantification of the overall net pay is underway and will require substantiation from side-wall core analysis and further wireline log evaluation.

The Company is also very pleased to confirm that a gas sample (comprising C1 to C5 hydrocarbons) was successfully recovered from one of these pay intervals at approximately 1,937m MD using a MDT (modular formation dynamics tester system). The successful retrieval of this gas sample confirms the presence of moveable hydrocarbons in the reservoir, and importantly is the first successful MDT gas test from the TAGI sandstone in the Tendrara licence (where testing has historically been hampered by the tight nature of the sandstone).

Following the acquisition of the VSP (vertical seismic profile), the Company can confirm that the gas shows observed extend below the currently mapped structural closure at approximately 1,958m MD. This suggests the gas accumulation may extend updip into the stratigraphic trap. Seismic interpretation and modelling is underway to assist with internal estimates of gas resources within the discovery.

With drilling operations now concluded, plans are now in progress to conduct a well test over the reservoir interval. This is expected to occur during February 2019, after rig de-mobilisation and mobilisation of the necessary testing equipment.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

[jovi1] 05/1/2019 02:10

Luky if positive RNS this can go higher than 30

[luckyman3] 04/1/2019 17:32

SP in a good spot for new highs next week.
Anything positive in our next RNS then we will be back into the 30p+ range. imo

[1westham] 04/1/2019 17:09

And up, nice buys at the end - steady growth all day never dipped once!

Have a great WE all.

[paradores] 03/1/2019 14:32

Comparing apples with apples? Maybe not but like others I still see a worrying valuation disconnect between SOU and say AMER. IMHO for comparative value - to SOU's current MCap - you're looking at 100% share price upside at AMER and within 3 months potential multi-bag upside vs SOU.
This year promises and potential will be secondary to evidence and delivery.

Market in unforgiving mood. Primacy on value and cash generation - not growth 'potential' and dilution 'risk'.

GLA am out for the moment, far better/safer ops elsewhere.

[jovi1] 03/1/2019 12:33

i think this will bounce back up in 8 minutes strange movement now
at 12 37

[buffythebuffoon] 03/1/2019 12:18

While I am one of JPs critics, I have known the man quite a long time, and you can rest assured that what SOU have found so far, coupled with the extensive seismic, is worth more, much more, than the market cap.

Buffy

[steelwatch] 03/1/2019 11:39

Westie - used to be imh(umble)o implying humility and guesswork. These days, more akin to playing mind games with the those of a more nervous disposition 😱