Share Name Share Symbol Market Type Share ISIN Share Description
Sound Energy Plc LSE:SOU London Ordinary Share GB00B90XFF12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.067 3.58% 1.94 233,598 10:15:02
Bid Price Offer Price High Price Low Price Open Price
1.802 1.948 1.948 1.94 1.948
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -11.75 -0.66 21
Last Trade Time Trade Type Trade Size Trade Price Currency
11:04:08 O 40,000 1.832 GBX

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Date Time Title Posts
22/1/202008:46SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area15,304
20/1/202008:28James Parsons301
23/6/201914:39James Parsons 97
21/6/201913:56BT warns red flags 19

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Sound Energy Daily Update: Sound Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 1.87p.
Sound Energy Plc has a 4 week average price of 1.75p and a 12 week average price of 1.75p.
The 1 year high share price is 28p while the 1 year low share price is currently 1.75p.
There are currently 1,079,612,264 shares in issue and the average daily traded volume is 3,895,103 shares. The market capitalisation of Sound Energy Plc is £20,944,477.92.
brookemia: OilmanJim AAOG BLOE SOU UOG RKH TXP UJO RBD SOLO PXOG ECHO Posted: 22 Dec 2019 02:49 AM PST Companies are now saving up their good news for next year, but there were still plenty of interesting announcements last week. Anglo African Oil & Gas (AAOG) CEO, James Berwick, resigned on Monday and the share price now is down to around half a penny. They're only going to "commence a search for a new CEO at the appropriate time” so it’s looking like things are over at this company. It’s a good result for those who paid attention to what I've being saying about Anglo African over the past year and shorted it. Most though were simply very angry with my comments. As Mark Twain said: “It’s easier to fool people than to convince them that they have been fooled.” Another winner for shorts over the last six months is Block Energy (BLOE), which ramped up its share price in anticipation of a placing on the basis that it was producing 1,100 barrels of oil per day and didn’t need a placing. In fact, as I warned numerous times, the production was mainly water and the price collapsed once the truth was admitted by the company. Block announced an operations update on Tuesday in relation to its latest well, but I would guess that having been spoken to very firmly by the regulators, it's taking no chances now, disclosing only that the well is "flowing" and not even mentioning the word “oil” this time. It’s remarkable looking back on this now, how aggressively I was attacked at the time by those peddling the false stories and also by those who wanted to believe them. A third disgrace is Sound Energy (SOU), which I've been calling down from the mid 40s. It announced yet another "keep the lights on" placing on Wednesday, this time at 2p, but it's still capitalised at £26 million, so has plenty of room to fall further, which it may well do since the sale of its assets now sounds very far from certain. A big success for those who shorted it though. A further company attracting controversy is United Oil & Gas (UOG), where some placees who were sitting on losses have gone on a ramp. The claims being made on social media were so excessive that the company was forced on Friday afternoon to issue a RNS disclaiming them and emphasising that sustainable production rates could be significantly lower than the initial test. The group responsible for the statements which prompted the RNS has previously been distributing other misleading information and I would strongly suggest taking the time to read carefully and understand fully all the RNS announcements from United Oil & Gas and Rockhopper Exploration (RKH). On the brighter side for those stuck in at higher levels, if the pump continues to work temporarily, it could provide an opportunity to get their money back. More realistic news from Touchstone Exploration (TXP) which announced strong test results from its COHO-1 well, plus an oil discovery. In the New Year, they're going to comprehensively test the the Cascadura-1ST1 well and, if the findings are positive, it will set up a development drilling program. Still to be resolved though is how this would be funded. Union Jack Oil (UJO) and Reabold Resources (RBD) announced that extended well test operations are to be recommenced following receipt of the required regulatory approvals. The market was not impressed unfortunately and the share prices of both companies dipped, although Union Jack looks to be the firmer of the two now. Solo Oil (SOLO)’s production acquisition is looking uncertain. They’re now trying to renegotiate terms with ONE Dyas to reflect changes since signing, but there are no guarantees that new terms can be agreed and the deal may not proceed. No market changes here though since the shares currently are suspended. Prospex Oil & Gas (PXOG) announced the possible acquisition of a minority stake in a Spanish gas power project. They say they believe their current market cap represents a fraction of Prospex's underlying value, unfortunately, the market probably won’t believe that and the financing for all this is likely to be at an even lower price next time. Echo Energy (ECHO) announced mobilisation of the rig to drill the Campo Limite exploration well, which is due to spud before year end. The operator’s estimated volumes for gross gas initially in place for the Campo Limite area is 48.9 billion cubic feet P50 mid case. Estimated geological chance of success is 70%. Let’s see if luck changes over the New Year for this part of Mr. Parson’s self styled “holy trinity.” I'll be back next Sunday with a full blog and podcast and if you'd like to know my actual trading ideas, then subscribe to the private blog at hxxps:// The next issue will be sent out on Friday. In the meantime, I wish you all a very Merry Christmas. Contact me on Twitter @oilmanjim The author holds one or more investments in one or more of the companies mentioned so this post cannot be viewed as independent research. This post does not constitute investment advice or a recommendation to buy or sell and may be incorrect or outdated
manics: OK there's the latest SOU credibility challenge set. Love it!So, what's first - 4p, or 1p?Time will tell. The very best of luck to both of you!Man I remember when the SOU investor base used to have share price guessing competitions in the £'s... ay caramba!
brookemia: What can PINOCCHIO🤥 report🤷̴5;♂️: n4aPound Posts: 572 Price: 8.00 No Opinion RE: Half Yearly ReportToday 11:58 Longwait, with all due respect that is quite a delusional view. Was it not only a short while ago there were 'several parties interested' in Sidi Moktar which was a sandbox full of approx 9TcF gas? And approximately 2 years later, none of these interested parties wanted to participate in a farm out let alone buy it. The silence speaks volumes and always has done in the case of sound energy. Silence before Badile....flopped Silence before TE8.........flopped Silence before TE10.......flopped TE9 was quite extraordinary....the silence lead to massive swings in the share price which in my mind alludes to insider dealing. Now I am sure someone on here asked the question: how much has sound energy paid in fines to date for breach of aim rules? And also how many warnings/reprimands have been issues to sound energy and the management team? There has bene silence on these questions too unless I missed the posts with answers.... As ddboy said, we can all expect the BoD to be calculating how to polish this horse poo.... Take this post down all you want....easy to copy and paste!
brookemia: prudent Posts: 96 Price: 8.58 No Opinion RE: The attraction of SOUToday 12:52 I have been reading the posts from time to time but like many others, I am well under on the biggest investment in my portfolio. However, I still believe that the marketing process that Sound has undertaken will be concluded by the end of the year with an offer. There is a clear resolve to get the asset sold and move onto the next stage, whether that is a full liquidation or a smaller company focusing just on Southern Morocco remains to be seen. I do not see any appetite for the board to continue with Eastern Morocco as they do not have the balance sheet to do so and any capital raising will be too expensive. At the end of the day, Sound is a relatively small company to properly utilise this asset and it is better sold to a much larger player than can conduct the drilling without as much as spotlight and scrutiny that Sound have had. They undertook a high risk, high reward strategy which ultimately didn't play out and have now accepted their own limitations and move on. Any corporate transactions takes time to progress particularly in this sector and in Morocco where there are many external political complications to manage. All external communications will need to be done in conjunction with their advisers so it should be expected that little or no communication will emerged until something has to be announced. I do not expect to hear anything for a while yet. If they do not receive any offer, Sound and their advisers would lose their credibility but I cannot forsee this scenario. IMHO, any acceptable offer will have to be well in excess of the current share price so I am hanging on til the end of the year to see how this plays out. I presume the “LIMITATIONS” refers to PINOCCHIO🤥PARSONS
brookemia: Outside perspective of The Failure’s tenure at Sound: Some Sound Energy (LON:SOU) Shareholders Have Taken A Painful 79% Share Price Drop Simply Wall St July 25, 2019 Sound Energy plc (LON:SOU) shareholders should be happy to see the share price up 13% in the last month. But that isn’t much consolation for the painful drop we’ve seen in the last year. Specifically, the stock price nose-dived 79% in that time. So the rise may not be much consolation. The bigger issue is whether the company can sustain the momentum in the long term. Check out our latest analysis for Sound Energy With zero revenue generated over twelve months, we don’t think that Sound Energy has proved its business plan yet. You have to wonder why venture capitalists aren’t funding it. As a result, we think it’s unlikely shareholders are paying much attention to current revenue, but rather speculating on growth in the years to come. For example, they may be hoping that Sound Energy finds fossil fuels with an exploration program, before it runs out of money. We think companies that have neither significant revenues nor profits are pretty high risk. There is almost always a chance they will need to raise more capital, and their progress – and share price – will dictate how dilutive that is to current holders. While some companies like this go on to deliver on their plan, making good money for shareholders, many end in painful losses and eventual de-listing. Some Sound Energy investors have already had a taste of the bitterness stocks like this can leave in the mouth. Our data indicates that Sound Energy had UK£10,008,000 more in total liabilities than it had cash, when it last reported in December 2018. That makes it extremely high risk, in our view. But since the share price has dived -79% in the last year, it looks like some investors think it’s time to abandon ship, so to speak. The image below shows how Sound Energy’s balance sheet has changed over time; if you want to see the precise values, simply click on the image. AIM:SOU Historical Debt, July 25th 2019 AIM:SOU Historical Debt, July 25th 2019 Of course, the truth is that it is hard to value companies without much revenue or profit. What if insiders are ditching the stock hand over fist? I would feel more nervous about the company if that were so. It costs nothing but a moment of your time to see if we are picking up on any insider selling. A Different Perspective While the broader market gained around 2.8% in the last year, Sound Energy shareholders lost 79%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year’s performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5.3% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. If you want to research this stock further, the data on insider buying is an obvious place to start.
b33661: The yawning problem with SOU from the get-go, from when JP joined the company as CFO then really CEO, is that it has been as close to a cult as you can get. The amount of trust one has to place in a single individual is huge here. The reality is, the evidence suggests this is a very dangerous and poor investment, and a terribly run company, and if people had removed their blinkers years ago, much less pain would be being felt here. For example, why did Mary Hood leave in such odd circumstances? Why did Luca really leave? And most worrying recently, why did the NED David (former BP guy) leave a month ago, supposedly just a few months from a multi-bagging TE10 and LE? I'll tell you why, they all saw through JP's shyte and the sham that is this company, and didn't want to be around when the shyte hits the fan here and it goes bust. Another exmaple - the Sidi well test 2 years ago. Nothing came of it. We were spun the fact there was no mgt bandwidth to deal with Sidi at the time, but that was utter horseshyte. Reality is, they spun the results of that test way too positively and the actual recoverable reserves in that target were very very low - fact (from JP himself). There are 10s of examples as the blind-faith PI base interpreting company statements down the very 'optimistic' end of the spectrum, but the reality is that time and time again the opposite has been proven to be the truth. The share price is at 4yr low now, near 9p. What a great job JP. And so it continues to this day. Everyone keeping their fingers crossed and hoping, against all logic and track record, that this company led by this utter sham of a car salesman with his tight band of Bullshyters around him, will deliver any value here. These are the facts. We have a licence that requires further seismic in the next 18 months or we lose it - Sidi. We have no money to carry out that seismic and seemingly no market interest re a farmout (JP's been trying to FO for years, apparently!). We have an Eastern Moroccan licence, and now (against what we were told months ago, many times) insufficient money to complete the 3 well exploration programme, and NO MONEY to take this to production. Does that strike anyone as a strong bargaining position? Even if I wanted the licence I'd simply wait 18 months for SOU to go bust and then take it for free / a small fee from ONHYM. SAD FACT IS, JP HAS UTTERLY F'KD THIS UP, AND THE share price IS LIKELY GOING TO ZERO. I HONESTLY CAN'T BELIEVE THE MCAP IS STILL OVER £100M. NOT FOR LONG.
brookemia: Reply from JJ Traynor this afternoon in response to many emails to Liddell/Mitchener/Traynor and Dees regarding appalling behaviour and actions of Parsons From JJ Traynor, Dear Alan Thanks for resending your email, I was at the Norwich event that you mention, and not sure if we met then? I recall at that time, there was some frustration in the room around the timing of the start-up of the exploration drilling, which we had moved in order to fully have the benefit of the latest seismic data. We have always been very clear with investors that we are following a higher risk strategy with exploration, meaning that we targeted prospects that had the largest reserves potential, and accepted that these prospects come with inherently higher risks. We did publish those risk percentages before the drilling. We also ran a geology ‘deep dive’ with a very detailed technical presentation on the programme, before the wells were drilled. Hence I beg to differ, and think we have highly transparent with you on the upsides, and the downsides, in order for you to decide whether to own the shares. You mention essentially the ‘tone’ of James’s communication, and if this is appropriate. In my experience, an important part of the CEO role in any company is to paint a picture of the value potential from the strategy, and a vision for the future of the company. This is all about the investment case for equity – I’m sure you know that equity investment is fundamentally about growth. In the end, leadership style and communication style, and how they are perceived, are a matter of taste, and tend to be part of the investment decisions that shareholders make. Regarding James’ trading plan. This is something that was put in place many months before the wells were drilled, and with share price triggers that were pre-set, and could have resulted in ‘money left on the table’ for James, should the wells have played out differently. The trading plan was disclosed by RNS, and there’s really no mystery there. In the end, James, like other CEOs, has elected to find a transparent mechanism to sell down some of his shares, which are an important part of his income. He retains a large shareholding in the company, and hence is aligned with other investors. You also mention the ‘financial cushion of 18 months salary’ on a sale. This is actually an incentive to encourage the management team to sell the business and return cash to shareholders (which is our stated strategy). If we can deliver on that, which I think we can, then we will all be unemployed. The change of control payment does make sure that we are not dragging the sale out, simply for monthly pay, which would be the wrong behaviour viz the strategy. This is all quite normal practice. You are right to say there have been several ’18 months’ in our messaging. James’s 18 month change of control (I have 12 months) is simply part of his contract, and not related to any estimates of timescale for various activities. You flagged the impact of options and RSUs. All I can say is that personally, my options are underwater (48p vest), and the RSUs (which are locked in to 2021+) move with the share price. Hence having these are a strong motivation for me and colleagues to add value for the shareholder. On the company itself. We have a strategy of 1) explore, 2) mature TE-5 development, and 3) sell the assets and distribute cash to shareholders. I did an interview this morning which summarises this, which should be on line shortly if you want to look at that. We are also doing an on-line fireside chat next week (Tuesday) for further questions. I appreciate that the share price is low, and none of us wanted to see the TE-10 outcome. But we are where we are, and the next step for us is to delivery on the sale. Let me assure you that we are working hard on all of that. Thanks and regards - JJ Traynor CFO
brookemia: Mike, pause for thought: love the bit about confusing PARSONS with a US actor😂 Sound Energy’s Morocco turning point Sound Energy is focused on finding gas in West and East Morocco and while the concessions in West Morocco discovered commercially viable gas, the eastern part has mainly been a drain on resources. In the western part the explorer is talking to the Moroccan government about a gas sales agreement with a view to eventually selling the gas to local power plants. How the Libya conflict affects the oil price In terms of the eastern Morocco concessions, Sound Energy is now at a turning point where it will either have to cut its losses or end up sitting on unproductive land. Given the history of the east Moroccan exploration, the obvious question is why would another explorer buy a concession that so far did not prove feasible, particularly given that Sound Energy’s partner Schlumberger was involved in early testing on the sites? The share price has been reflecting this conundrum, gradually eroding from a peak of GBP30.78 in early January to GBP17.28 before the news in May. It then swiftly lost another GBP7 and is now trading at around GBP10.50. Where next for Sound Energy shares? The explorer’s chief executive James Parsons, not to be mixed up with US actor James Parson who plays Sheldon in the Big Bang theory, will address the question of where to next for Sound Energy at the company’s fireside chat event for investors next Monday. Parsons, who also holds a number of non-executive chair positions in other exploration companies including Echo Energy and Coro Energy, recently said the company is considering whether or not to sell Sound Energy’s East Morocco concession before a final investment decision on the Tendrara TE-5 production area. Is OPEC still a factor in the oil price? Financially, an income stream for the company is still a long way away. The non-binding offer from the Moroccan government has yet to become a signed contract before Sound Energy can look into building a power plant in Western Morocco. A better analysis will have to be made closer to the time when gas prices, gas availability and the reliability of the local players will also come into play.
manics: Why pay for research notes with the share price at 11p when "the share price doesn't matter" (only the LE price, according to JP)? The hastily prepared research notes absolutely confirm the company is guilty of puffing up the share price (which indeed worked -from 11p to 33p). "The share price doesn't matter*" though, right Sounders? *and that is what JP said, and yet he'll bang out research notes apparently in the face of changing "important information". You can't have it both ways imo.
kevjames: Good job the RNS was positive - otherwise we would be in the 40's! Daybreakers - My research tells me that eastern Morocco could be a very lucrative gas producing area - if SOU can prove up the area with both seismic and the drill bit ( and the gas flows well ) then there is no doubt the economics will play out as there is demand for gas at good prices, there are tax incentives to explorers and there is already some supporting infrastructure. Is the shareprice worth 10 p or £10 - depends on what happens going forward, we currently have 0.5 TCF and the goal is 30TCF. If each TCF is worth £1 to the SOU share price, then even if only 2 TCF is proven, that is nearly a 4 bagger from here. The goal is to sell the asset at some point in the next 18-24 months. The downside is that they can't flow the gas (clearly the gas exists) and we need more funds or they go broke in trying to prove it up. Place your bets and GLA, I am still a buyer on the dips. However, if news suggests that the gas cannot be economically extracted from Tendrara (which seems unlikely given the TE6 and 7 data)then I will be out.
Sound Energy share price data is direct from the London Stock Exchange
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