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EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


Sound Energy Share Chat (SOU)



Share Price: 39.96Bid: 39.40Ask: 39.98Change: 0.26 (+0.65%)Riser - Sound Energy
Spread: 0.58Spread as %: 1.47%Open: 39.02High: 40.00Low: 39.02Yesterday’s Close: 39.70


Share Discussion for Sound Energy


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w8ey
Posts: 53
Opinion:No Opinion
Price:39.98
RE: Last week of June
Today 10:37
Hi Egg - It's right there in the Q2\Q3 presentation on the Sound website - "GSA heads for existing discovery".

It was only ever going to cover our existing discovery (the 1%). That will still be enough to more than underpin the current share price with nothing priced in for exploration potential, so lots of money to be made here (if we hit gas on one of our next three drills).
 
Not2sure
Posts: 2,185
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:49
GSA are normally agreed for a set period of time as well
oilpimpdxb
Posts: 202
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:22
Sounds about right keeps, sure there will be a clause in the contract that re negotiation could/would happen after a certain quota has been depleted etc...
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:19
Arr okay thanks keeptothefacts... that makes sense either way it passes to any buyer
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:17
Rhe point being made was the GSA was a waste of time if sound get sold... which i hope i had defended... anywsy im moody so will let others deal with derampers today
keeptofacts
Posts: 1,175
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:17
the GSA will be for a fixed volime at a fixed price
hence, cn't be for all gas sold.

it's a futures contract.
Not2sure
Posts: 2,185
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:15
Ermm I dont think anyone has the contract yet so what is the point of speculating until you know what is in it ?
SouthernCross
Posts: 171
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:14
Looks like someone's ordered scrambled Egg this morning!!
ddboy
Posts: 2,025
Opinion:No Opinion
Price:40.00
To much
Today 09:14
Speculation this morning.
Until we are RNS's fed we are peeing in the wind imagining monsters under the bed.
Bring on the facts and the LE please JP i need to get off the treadmill !!
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:12
Cant follow this any more as posts just dont show.... why would the GSA just be for the 1% and not all gas sold?... its not going to be that wBey it will be general agreement for sale of gas.

Now i dont have the contract so cant comment further but done my bit it taking on the Monday morning rubbish
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:09
Right that post is just aimed at muddy the water... whether a new buyer wants to improve terms or not they will have a legally binding contract the GSA already in place...that is a FACT....so medi111 jog on.
medi111
Posts: 46
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:02
That's your understanding of things; good if it gives you comfort. There could be other scenarios and again, in the absence of news, people concerned have the right to think about potential explanations unless you have an objection. Enough on that.
w8ey
Posts: 53
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:02
Egg - all sounds reasonable to me.. the point I was making was that the GSA covers the immediate area around our discovery (1% of the acerage), so if the buyer wanted to renegotiate the price they could fill their boots on the other 99% of the acerage. All we have done if give the buyer price certainty on the 1% (which is great for the buyer). Not sure how that is a deramp, if indeed you aimed that at me.
keeptofacts
Posts: 1,175
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 09:01
that's because they are posted by the normal morons that add nothing and watse their lives trying to be disruptive.
keeptofacts
Posts: 1,175
Opinion:No Opinion
Price:40.00
people are looking at thr GSA the
Today 08:59
wrong way.

for a future buyer of Sound it provides a guaranteed cash flow. they will know that (a small part of) Tendrara will produce X tcf and the GSA guarantees a market price fr that Gas. this leaves the buyer (of Sound) with a commerically viable resource Plus huge (proven, if wells work) upside.
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:57
Likely you cant see posts from chaps suggesting GSA is only valid for sound and when sound goes GSA is ripped up
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:55
Tge GSA is a corner stone for any buyer...we prove gas they buy gas at a discount and sell gas at GSA using the pipeline which is aleady getting sorted. Bit silly to have GSA and not using it. When you buy a company you take responsibility for its agreements as you taking over operations.
medi111
Posts: 46
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:48
don't be super excited. I'm heavily invested in SOU and that was just an opinion. No news invites for re-reading things in different ways.
Shaungreen47
Posts: 1,312
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:47
What on earth are you on about egg?
eggonaroll
Posts: 1,951
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:45
It was clear double team deramp they are now after the GSA ffs
Soundingoff
Posts: 2,836
Premium Chat Member
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:31
It's called an agreement for a reason. Once signed, Sound is committed to supply the gas to whoever has agreed to buy. If Sound is sold, the new owner is committed to supply that gas per the terms of the agreement. They can't just rip up the agreement and start again.
w8ey
Posts: 53
Opinion:No Opinion
Price:40.00
RE: Last week of June
Today 08:23
GAS=GSA :)
w8ey
Posts: 53
Opinion:No Opinion
Price:39.98
RE: Last week of June
Today 08:23
Hi Medi - I see your point. I would have thought that price certainty on gas sales would be to the advantage of the buyer as well as Sound? And the GAS only covers the immediate area around TE5-7, so the buyer can renegotiate a different price for the remainder of the license (assuming we hit gas, of course!)
medi111
Posts: 46
Opinion:No Opinion
Price:40.50
RE: Last week of June
Today 08:18
may be it is stupid but I have always struggled with how ONHYM could sign a GSA with a company that claims it would disappear soon. A government entity (with gas historical issues and time pressure) would/should be a risk averse player and there is a good dose of asymmetric risk if it does sign knowing that any potential buyer could refuse the GSA terms signed with Sound.
Shaungreen47
Posts: 1,312
Opinion:No Opinion
Price:40.50
RE: Last week of June
Today 07:57
Unfortunately JP has been working by the mantra "over promise and under deliver" for more than a year now. The latest presentation shows that the GSA is due....June/July.




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