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
  -0.45 -5.28% 8.08 3,215,578 16:35:19
Bid Price Offer Price High Price Low Price Open Price
8.01 8.40 8.66 8.00 8.66
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -11.75 -0.66 87
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:11 O 20,000 8.08 GBX

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Date Time Title Posts
19/7/201921:56James Parsons96
09/7/201907:42SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area15,171
23/6/201915:39James Parsons 97
21/6/201914:56BT warns red flags 19
21/5/201915:25Sound Energy set to rocket49

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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 8.53p.
Sound Energy Plc has a 4 week average price of 7.40p and a 12 week average price of 7.40p.
The 1 year high share price is 45p while the 1 year low share price is currently 7.40p.
There are currently 1,079,611,239 shares in issue and the average daily traded volume is 1,699,204 shares. The market capitalisation of Sound Energy Plc is £87,232,588.11.
brookemia: Off LSE: av3 Posts: 365 Opinion: No Opinion Price: 8.13 Directors earned a fortune out ofToday 11:01this company. Salaries, bonuses and awards in 2018 ( I know they announced a cut of 30% wef August 2019) JP's salary is 995, 000, BM 323,000 and JJ 168,000 Among Other 4 In total 230,000 The total salary was £1, 763, 000 in 2018 compare to £947,000 in 2017. In addition to this millions of free shares and options. . We were told continuously by JP, "Share price doesn't matter only LE is that count" whilst JP and others on BOD was selling their shares. Salaries details on Page 52. hxxps://
b33661: The problem now is, this company is fooled. The share price is so low we can’t now raise any money to go it alone should we get no offers. As such a buyer can just wait in the wings and pick over the mess. It’s a vicious circle or black hole, share price will hit 5p by next Friday as this truly s doomsday scenario and reality dawns on the stupid PI base here
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: Fardels Bear: great question! TOTAL FANTASY however imo: i -That Team Parsons use their knowledge to educate investors on the pitfalls of AIM (resource sector) investment, and go on to aid a new regulatory body with teeth. Think Frank Abagnale or Jordan Belfort using their skills for good. ii.) -That Team Parsons deliver something when they say they're going to deliver it. iii.) -That steelwatch effectively moderates this BB (there can be no place for bigotry in 2019. Prefacing a share price may go up, or down, does not excuse it). iv.) -That SOU wages & options proceeds (over the preceding 24 month period) are donated to charity in entirety. v.) -That steelwatch one day finds peace with what he has permitted and fostered here. vi.) -That there are no more field visits or investor meetings. They're not worth the PI expense imo. Salt in the wounds for those who attend imo. vii.) -That CORO & ECHO wind up. viii.) -No "life after Sound". See point (i) above else retire imo.
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.
manics: mikemichael2: the schooling I have given you twice so far, to counter your "there were more buys than sells today" tripe. To date you have not thanked me for either occasion. Manics - 01 Aug 2017 - 04:04:50 - 12508 of 14362 SOUND ENERGY PLC My post last time I had to school mikemichael2 on market basics. If you can't understand supply and demand you shouldn't be investing in shares imo. Manics - 15 May 2017 - 18:11:30 - 11709 of 12508 SOUND ENERGY PLC Well, be careful there mike. This is perhaps leading over from excited chat over on LSE. The reality is a little different. "Oooo those evil mm's. My buy lists as a sell" (crow LSE)!! Buy/sell data is just a computer guessing the trade based on the executed price. So if the ask is 65p, the bid 64.5p and you place a buy order and are lucky enough to execute biased to the bid (so 64.74p or under in this example) then your buy will list as a sell. "Just look at the delayed buys" (scream LSE)!! That also means delayed (size) trades are compromised as to how they list and tally. If I sell 200k shares at 64p and the share UT's at 63.5p end of day, then when the delayed trade finally posts the system ranks a buy because the executed sell price (64p) from earlier in the day is now higher than the UT (63.5p). So how do you know the buy/sell trade ratio? Well, the answer to that is quite boring. You look at the share price! -and based on today's performance, I can assure you there were a good many more sells today than buys. "The evil mm's are walking it down to let in the ii's" (LSE sulks)!! Well, I'm afraid SOU is a SETS share, so there actually aren't any mm's involved in SOU. Evil or not. There is no walking down. No manipulation. Just more sells than buys at the moment.
mikemichael2: Rabat, 12th December 2018 Subject: Letter of Support Dear Mr. Liddell, Noting the recent share price movements, I am writing to confirm Oil and Gas Investment Fund’s (OGIF's) strong support, as a cornerstone investor, for Sound Energy plc and its current exploration led strategy. Sound Energy’s Eastern Morocco portfolio is a large area which requires further exploration drilling to unlock the basin potential which Sound Energy has rightly identified. We agree that the new seismic data acquisition recently completed with Schlumberger is an important step which, we believe together with the ongoing drilling campaign, will enable a better understanding of the geology and underlying exploration potential. Sound Energy’s exploration strategy is in line with the strategy of the Kingdom of Morocco to open new domestic gas supply and unlock the economic potential of the country and to reduce dependency on imports. OGIF believes that Sound Energy, and its shareholders, are uniquely positioned to benefit from the growing gas market in Morocco. OGIF also notes the Company’s statement of 11th October 2018 which confirmed strong progress in Sound’s ongoing GSA negotiations and OGIF remains confident of Sound Energy’s ability to secure a GSA and to advance the previously announced ‘FEED’ and ‘BOOT’ discussions with Enagas and its partners (Elecnor and Fomento). We eagerly look forward to the results of TE10 and TE11.
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.
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