Register
Login:
Share:
Email Facebook Twitter


ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


Sound Energy Share Chat (SOU)



Share Price: 51.50Bid: 51.25Ask: 51.50Change: 0.00 (0.00%)No Movement on Sound Energy
Spread: 0.25Spread as %: 0.49%Open: 50.00High: 51.50Low: 47.50Yesterday’s Close: 51.50


Share Discussion for Sound Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


SharesDealer
Posts: 242
Off Topic
Opinion:No Opinion
Price:51.50
"This time next year Rodney....."
Sun 20:56
Yes Chrisma, pretty sure there were a fair number of instances of that comment being made on here this time LAST YEAR!! And unfortunately compared to this time last year, the SP is down about 40%. :(
 
chrisma
Posts: 344
Off Topic
Opinion:No Opinion
Price:51.50
RE: ongoing talk of "18 months to g..
Sun 20:37
This time next year Rodney , we will be millionaires. Oh the irony!
SharesDealer
Posts: 242
Off Topic
Opinion:No Opinion
Price:51.50
ongoing talk of "18 months to go"!!
Sun 20:25
Noticed on here a few days or so ago there were a few members here mentioning 18 months to the liquidity event again. Which made me laugh, as this talk of 18 months to go has been mentioned on here for well over a year now!!! We should be down to only about 6 months to go by now??!! Why this continueing ongoing talk of 18 months to go?! Wouldn't surprise me if this time next year there's still talk of "Hold on to your hands for 18 months!"!!!!

Seriously hope the liquidity event is by the end of 2018 and I can sell all my SOU shares for a nice amount of money to turn my life around! Been a SOU holder for some 6 and a half years now!
Primetime51
Posts: 26
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 17:35
Commitment

A large chunk of the Zag licence is located in the territory under Moroccan occupation. The UN has stated that any further oil search in Western Sahara only can be done after seeking consent from the people of the territory - something which neither San Leon and PetroMaroc have tried to do. In the meantime, they are not keeping up to the speed that Morocco was expecting.

"The Company has accrued $1.2 million penalty costs based on its working interest in the joint venture as the joint venture has not met the minimum work commitments required by the licence and the operator has been notified of the same", PetroMaroc wrote in the report
Primetime51
Posts: 26
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 17:28
The San Leon Energy/PetroMaroc study at the Zag block in occupied Western Sahara is delayed and the partners are penalized by Moroccan authorities. PetroMaroc's future is hanging by a thread.
Picture above: The image is most probably taken of Petromaroc-San Leon's seismic study on Zag block in 2011-2012.

The two partners San Leon Energy and PetroMaroc are not working as quickly on the Zag block as they had planned. In its Consolidated Financial Statement as of 31 December 2015, PetroMaroc writes that the two partners were sanctioned by the Moroccan Ministry of Energy and Mines for not keeping up with its
Neptunes
Posts: 1,573
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 16:49
Thanks Gonzo / BNZI. That makes sense. So why in your view has a major not purchased the 'proven' acreage as they allegedly are going to do with Sound? Longreach deployed the same seismic we are currently undertaking? Appreciate the responses, both.
Primetime51
Posts: 26
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 16:46
Bunzi think you are right
Been reading up on San Leon and it seems money problems. But the read across some same targets as use seems incouraging
GozoMike
Posts: 1,060
Off Topic
Opinion:No Opinion
Price:51.50
View Thread (5)
Re: San Leon
Sun 16:38
Same reason as Longreach and Fastnet. Inept management , overly risk averse and backing the wrong horse with limited funds.
Why has no- one else bought Moroccan assets? We did.
As an E and P , you either put all your eggs in one basket and fund it properly or take on too much and risk failure and insolvency. Thats what happens if you dont have Schlumberger on board.
bnzi
Posts: 268
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 16:30
SLE don't have a pot to p in. Not much cash in the bank and debt left, right and center. Combined with the license not being in the most stable region is probably why nowt has been done. Any potential buyer is probably waiting for SLE to fold or for desperation to set in to swoop in with a low ball offer that they'll have no choice but to accept.
Neptunes
Posts: 1,573
Off Topic
Opinion:No Opinion
Price:51.50
RE: Re: San Leon
Sun 16:22
Possibly but then why not sell something which is in high demand if the potential or indeed gas is their after the seismic they have carried out? I would have thought with the multi tcf being reported after seismic we they would have many, many offers from Russia or even China to develop.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.