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
  -0.16p -1.52% 10.36p 5,288,852 16:35:26
Bid Price Offer Price High Price Low Price Open Price
10.32p 10.68p 10.88p 10.30p 10.72p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -11.75 -0.66 109.3

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Date Time Title Posts
26/5/201914:21SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area15,054
21/5/201915:25Sound Energy set to rocket49
04/5/201918:01James Parsons 1
03/4/201910:35SOU - Sound Oil plc24,741

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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 10.52p.
Sound Energy Plc has a 4 week average price of 9.66p and a 12 week average price of 9.66p.
The 1 year high share price is 46.60p while the 1 year low share price is currently 9.66p.
There are currently 1,055,113,403 shares in issue and the average daily traded volume is 11,169,793 shares. The market capitalisation of Sound Energy Plc is £109,309,748.55.
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: Sound's pretty much a done deal. I mean, TE10's been drilled, they're testing it, then depending on how much more Repsol, Shell and Total can stomach we may or may not drill TE11. Got enough cash to do so, and "the share price doesn't matter" (JP's words) as a consequence. The company will be marketed for sale in 2019 following the current drilling campaign. It is what it is, that's that, locked in (strategy and execution wise). can somebody please tell me why the company deems it necessary to spend money (YOUR money) on platforms to market itself to potential new investors? -when "the share price doesn't matter"? -when the strategy is to market the whole company in a quarter or two anyway? You can't have it both ways.
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.
napoleon 14th: Malcy's comment: "Sound has announced results from its TE-9 well in Eastern Morocco, the first of a three well programme to explore ‘non-related’ play concepts in the Tendrara area. The well penetrated both the TAGI primary target and the Paleozoic secondary target. Interpretation of the wireline logs has not established the presence of producible gas and the well will be p&a’d without testing. However, the core of the secondary Paleozoic seismic target remains untested as TE-9 appears to be on the downdip limit of the large Paleozoic closure. Sound will now take the rig directly to the TE-10 site which is ready for it and the well will target a large TAGI structural-stratigraphic play with a mid-case of 2.6 Tcf GOIP. As these wells are not correlated the result on TE-9 should not be considered as any sort of indication as to what TE-10 might find. Unsurprisingly the share price has been hit this morning but I suspect that certainly at the off, it was overdone. The company confirmed today that it was still preparing for the FID for its TE-5 discovery as planned with the FEED ‘conducted and paid for by the Enagas Consortium’ scheduled to complete around the end of this year. It is also worth noting that Sound has cash balances as at 14 November of more than $30m" Nothing in there about the share price in last two weeks - obvious some were in the know. Nor about James Parson's sale of shares not so long ago.
lowflow: I think its very likely that the stock will be below 40p in August, and I tell you why here: 1. The current gas discovered in Tendrara doesn't support the current share price. James was very unclear about the 1 TCF = £1 on the last call, he would stand behind that number anymore. I am not surprised, as a number of variables have changed since they made that statement: a) The number of shares has exploded (James and the team have printed options / warrants to suppliers, BOD, lenders, former director and just anyone who borrowed the WC at the Seven Oak office), b) The gas price assumption they used in the Sep 2015 CPR, just doesn't hold anymore. Algeria is selling gas to Spain and Italy for $5-5.5 / mcf, so why the h.ll would Morocco utilities pay a premium to this price. Anyone who now claims that SDX is getting much higher prices and Sound should get the same prices, needs to consider that SDX is producing very small volumes and their sales can more be seen as distribution sale to small local industries while Sound sale will be going to CCGT requiring 10-20x what SDX is selling. 2. Sound needs to raise capital, you will now say that - NO James said on the call that they wont. I tell you one thing, I have listen to a lot of these investor calls, and in my view James was indeed warming up the market for a capital increase. And they need to raise equity and its pretty simple why they need to do that. They have $40m in cash and $30m in debt, and to be frank I think Grenberry who have written the bond to Sound feels that its pretty important that Sound holds a solid cash balance to support this bond. The more important reason to raise cash is the following. Sound next well will be on Tendrara or in that area. Sound can afford its share of the well with the cash balance. But if you consider the implication of the result of this well you will see that the conservative and most prudent thing to do is to raise cash before drilling this well. If the well comes in great, the stock will bounce. But as we know all wells dosent come in (Badile and TE-8). So if the next Tendrara dosent come in, the stock will be slaughtered, as they market will read it as, there might not be more to Tendrara than the discovery around TE5-TE7 and the stock could easily half to 20-25p. Considering this its much smarted to raise $30-50m before drilling this well, so they have plenty of cash to drill additional exploration/appraisal wells and support the Tendrara development of the next well is a duster. Raising $30-50m will put pressure on the stock, but its much better than raising $30-50m below 20p in Q1 2018 if the next well is a duster (if the equity market is even open for them). The pressure to raise cash will build up over the coming months and put pressure on the stock. 3. The fall in the share price is starting to get self-fulfilling. A lot of retail investor has put in significant parts of their savings and pensions in Sound. Most of them might have thought that they would take a fall in the share price and hold for the long run. But as we all know this is not the way psychology works. When the stock keeps going down 55p, 50p, 45p, 40p etc. The holders will feel significant pain and they will have to sell some of their positions as it’s the prudent thing to do. Golden Tickets are nice to have but in the end of the day its better to have some savings left rather than putting everything on James Golden Tickets. Below 40p in August.
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.
lowflow: Big question marks ahead The TE-8 well has not turned out to be the homerun, the market was hoping for. Its now been 20 days since Sound announce the result from TE-8, but with the caveat that they don’t have the full result until the cores from the well has been analyzed. We have had a few RNS since the TE-8 results announcement but neither of these announcements has given any incremental information about the TE-8 results. The company has 1.117bn shares in issue after the OGIF deal and including all warrants and options, that equates to a market cap of £770m or $961m. To justify this market cap Sound needs to find considerably more than the 300-500 bcf of gas in place they found at the core of Tendrara. Sounds owns 47.5% of this discovery. The expected recovery rate is 65%, which means that the net recoverable resources to Sound is 92-154 bcf or 15-26m boe. At the current share price the market is valuing this resources to $37-63/boe, which makes these resources to some of the most expensive on the market, assuming that Sound isn’t discovering any additional resources. The last weeks RNSs creates several questions marks to the Sound story. The issues began to arise when TE-8 didn’t come in like most shareholders had hoped for. Before TE-8 was drilled the game-plan was something like this: -> Drill TE-8 and prove up 1.5 TCF and prove up the Paleozoic -> Re-entry TE-1 and prove up 3-4 TCF -> Commission the CPR report which would put a more precise value on the 3-4 TCF, which would more than justify the current share price. -> Complete the large seismic program over Tendrara. The result from the seismic program would give a more precise picture of the size of the various prospect. And a path to the possible multiple TCF asset. This game-plan seems to have been knocked of the road since the completion of TE-8. -> TE-8 didn’t not turn out to be a homerun. The TAGI was tight and the Paleozoic seems to be a tighter rock as well. The results seem to be so inconclusive that 3 weeks in the lab has not been enough to decide what they have found. Maybe they should have sent the samples to CSI for a full forensic study instead! -> Todays RNS shows that there are big questions marks if and when the TE-1 well will be re-entered, as the rig is sent to Sidi-Moktar. The company has in the past said that its was of the highest priority to re-entry TE-1 if TE-8 was a success. -> It seems like the most likely scenario is now that Sound wants to completed the seismic program over the Tendrara block before they will drill additional wells. From an industrial perspective, it makes sense, but from a hyped AIM stock perspective its killing the equity story for many months to come. If this is the case it could very well be that Sound wont re-entry or drill anymore wells in the Tendrara block in 2017. Today’s RNS creates additional question marks when it comes to Sidi-Moktar. In the 2016 Annual Report, which came out 6 days ago the company wrote the following: Page 23 “In accordance with the Heads of Terms announced on 10 March 2016, Sound Energy’s effective interest in Sidi Moktar is expected to reduce to 25%, with the Company carried for the first $18m gross capital expenditure invested in the licence.” In todays RNS, Sound mgmt. explains that the company is so well capitalized that they don’t need to farm-out Sidi-Moktar. This seems a little bit odd as they 6 days ago thought it was a brilliant move to financially de-risk the asset by farming it out. Maybe James realized over the Easter Holiday, while eating some Chocolate Cupcakes that, hey we got plenty of cash in the bank lets not farm-out Sidi-Moktar. Lets not get into how this incremental spending adds up with the announcement of a share buyback 6 days ago. Today’s RNS, seems also to be an attempt to create some hype over the Sidi-Moktar asset, James or his assistant or someone else has over the long weekend managed to dig out a report from 1998 saying that someone at that time thought the block could hold 9 TCF. If I would be a guessing man I think James will continue this path and try to refocus investor interest on Sidi-Moktar when he will do his webcast next week. Nothing wrong with spreading some light on Sidi-Moktar but it probably tells you that Tendrara isn’t going to turn out to be the discovery of a decade as James has been talking about, at least not in the near future.
brookemia: Is now the time to buy Sound Energy? Share 11:02 15 Dec 2016 With a number of event driven catalysts on the horizon, supported by a robust financial position, and now a funded 2017 drilling campaign, we see Sound’s current share price as representing a compelling entry point for investors - Sam Wahab. Sound has sufficiently grown its acreage position to become a material player in Mediterranean gas, the analyst said The current share price represents an attractive entry point for would-be investors in Sound Energy (LON:SOU), the gas exploration company focused on Morocco and Italy.   That, at least, is the belief of Sam Wahab, analyst at Cantor Fitzgerald.   The shares, down 5% at 68p in morning trade, are worth 103p, according to the Cantor number cruncher.   READ - Sound Energy primed to drill new well; reveals internal estimates for Morocco READ - Today's announcement in full   Wahab’s call on the stock followed an update on drilling plans and publication of its first internal estimates of the scale of its Tendrara gas asset in Morocco.   “We believe that Sound has sufficiently grown its acreage position to become a material player in Mediterranean gas,” the analyst said in a note to clients.    “The company is benefitting from attractive and robust pricing fundamentals which have served to boost project economics.    “With a number of event driven catalysts on the horizon, supported by a robust financial position, and now a funded 2017 drilling campaign, we see Sound’s current share price as representing a compelling entry point for investors.”   For finnCap’s Dougie Youngson, who rates Sound a ‘buy’ up to 87p, one of the major potential ‘dial movers’ is the results from extended well test on latest well at Tendrara.   “The purpose of this is to confirm the sustainability of the initial flow tests seen during the current work programme,” he said. The latest from Sound  Earlier, Sound provided some guidance on the potential scale of  Tendrara licence.   Currently, the Sound team reckon there is between 300bn and 500bn cubic feet of gas in place based on the work carried out to date.   The next well, a step out some 12 kilometres from the last hole, will test the lateral extent of the gas accumulation.   If it successfully finds gas at commercial rates via TE-8, then the estimate for Tendrara rises to up to 1.5 trillion cubic feet in place.   In a release to the stock exchange, Sound provided an update on the next well, where work is slated to start in February.   It will test the TAGI reservoir as well as tapping for the first time the lower lying Palaeozoic horizons.   Sound also confirmed it had retrieved memory gauges from its last hole, TE-7, that confirm “the reservoir pressure correlates with the gas gradient recorded at all previous wells on the structure”.
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