Sound Energy Share Discussion Threads

[napoleon 14th] 04/5/2023 10:51

Graham Lyon, Executive Chairman said:

" 2022 was a year of real tangible progress for Sound Energy, with the micro-LNG development at Tendrara contracted to deliver maiden revenues in early 2024.
I am pleased that, as we move further into construction activities, the Company continues to uphold all our ESG values and deliver our work in a manner commensurate with our principles.
We are pleased to have settled our outstanding tax matters such that we can optimise our resources on field development. We have enjoyed a supportive working relationship with ONHYM, the Ministry and our various contractors in Morocco, and, most importantly, we continue to benefit from the hard work and dedication of our own staff. We will continue to work diligently to deliver value and progress for all our stakeholders during 2023 and beyond as we target to deliver material developments."

[b33661] 04/5/2023 07:25

Wow, all tax claims seem to have been settled in the 3 days!!! Major news."Post period end, in May 2023, the Company entered into a phased payment schedule with Morocco tax authority for full and final settlement of the tax cases for undiscounted amount of approximately $2.45m (£2.0m). The discounted amount is approximately $1.97 (£1.63m) with a current liability of approximately $152k (£126k) and non current liability of approximately $1.82m (£1.5m) (note 4). The tax settlement is subject to the Court agreeing that the cases can be withdrawn."

[telbap] 27/4/2023 11:01

Well it's a can kick !!!They only thing that helps is..."The Phase 2 senior debt process has completed its due diligence phase with recommendations to Attijariwafa' s credit committee prepared by the Arranger. We now await the conditioned financing offer which we expect shortly from the bank's committee. We look forward to providing further updates as the process moves forward."So, funding is ok up to July, and now the offering bank knows this as the rns is out there. So how long can they string out a reply from the financing committee by ?Answers on a postcard please to Sound Energy, somewhere in Trendrara, Morocco

[telbap] 25/4/2023 10:54

So, I am going to pull the rabbit out the hat and ask the question we all want answered. Today is the 25th. Will Friday see us with a route to first gas or another can kick? Looking at the site preparation (a lot of cash being spent here) and I would hope some of he long lead equipment is in order by this time, I would say we are very very close to agreement or we have one. Let's hope that should they need more time it's only a matter of a week and not another 3 months or.......

[kwizza] 24/4/2023 19:16

There are a few more pictures on twitter also

[steelwatch] 24/4/2023 19:04

Fair size this micro LNG site:

[steelwatch] 24/4/2023 18:55

I'd even tell the truth!

[telbap] 24/4/2023 18:13

Good to see us close over 2p. Would lie so see further new highs to 3p before the flags are out

[naughtynicky72] 24/4/2023 16:48

12.6% Rise , Good Start too the Week !

[naughtynicky72] 24/4/2023 12:57

Nice start too the week if Sound Energy can Hold that 7.1% Rise !

[telbap] 20/4/2023 13:17

Nice to see you shymas;)

[telbap] 20/4/2023 13:17

@steelwatch, Agreed, it's the one thing, outside of the vat issue, that will help the share price get moving. Harva, they cannot commit to that which is not set in stone or is outside of their control, so that's pretty much everything at the minute! Once we have the finding, I feel we will see some nicely presented flow charts with a path to production laid out. I remember the date picture days of the gherkin and all the other pump up puff that JP wheeled out after, I even recall him saying at the gherkin, let's keep the flare picture up on the presentation wall.......he knew. Still, here we are, and with some more reasoned hands at the wheel, we can but hope that we will end up with a productive company and a better share price

[shymas] 19/4/2023 06:33

Once funding is sorted .hopefully by 28th April. Then people will take sound energy very very seriously. Everything will fall into place.

[steelwatch] 18/4/2023 16:40

Just noticed a new presentation published several days ago:



Shame it doesn't include a work program flow chart.

[kazz] 17/4/2023 08:10

Could be a good day here

[kazz] 15/4/2023 09:07

Totally agree Steelwatch, I understand how you feel, me too, but things do look better here now, and I am relatively confident the share price will be a lot higher by year end.
Well, I hope so,ha ha
Regards.... Kazz

[steelwatch] 14/4/2023 18:49

Yes, quite right kazz. We have seen so many false dawns though.

[kazz] 14/4/2023 17:56

Well we are due news on farm out and funding, Steelwatch, so maybe people loading up now as we are in a new ISA year and imminent news ahead. Funding completion we were told would be before 28th April. So, here's hoping
Regards... Kazz

[naughtynicky72] 14/4/2023 17:26

Time Will Tell !

[steelwatch] 14/4/2023 17:18

The cynic in me wonders "why now?"

[naughtynicky72] 14/4/2023 16:35

Yes Sound Can !

[naughtynicky72] 14/4/2023 16:14

Can Sound hold that 11.4% Rise ??

[2figaro] 14/4/2023 14:23

This has to get a re rate soon the share price is ridiculously low.