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London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Sound Energy Share Chat (SOU)



Share Price: 10.36Bid: 10.32Ask: 10.68Change: 0.00 (0.00%)No Movement on Sound Energy
Spread: 0.36Spread as %: 3.49%Open: 10.72High: 10.88Low: 10.30Yesterday’s Close: 10.36


Share Discussion for Sound Energy


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Tableleg
Posts: 632
Opinion:No Opinion
Price:10.36
RE: ONHYM
Fri 22:41
Lelo another reminder why we may get a reasonable price here. We are effectively handing someone an oven ready business. In house connections with both production and various exploration ready targets. If no reasonable offers come I still think we should go to OGIF with cap in hand !
 
Lelo_Gas
Posts: 974
Opinion:No Opinion
Price:10.36
RE: ONHYM
Fri 22:20
Extracts from 2 RNS's 19/1/17 & 20/2/17

OGIF is a Moroccan fund, owned by seven large Moroccan financial institutions: Attijariwafa Bank Group (the largest Moroccan bank), CIMR and CDG Group (the largest Moroccan Pension Funds), Finance Com and Advisory and Finance Group (Investment Companies), Mamda-Mcma and Saham (Insurance Companies).

OGIF's Eastern Moroccan assets consist of a 20% interest in Tendrara, a 75% interest in Meridja (including a 55% interest in Meridja over which Sound Energy has previously exercised an option, conditional on regulatory approval) and an application for a 75% position in the relinquished area close to Tendrara (the "OGIF Interests").

The consideration for the acquisition of the OGIF Interests will be 272 million new ordinary shares in the Company.

The Consideration Shares will represent approximately 28.8 per cent. of the Company's enlarged issued share capital following the issue of the Consideration Shares (assuming no further share issues prior to completion). At the mid-market closing price of 93.50 pence per Sound Energy ordinary share on 17 February 2017, being the last practicable date prior to this announcement, the Consideration Shares had an implied market value of approximately £254.3 million.

Mohammed Benslimane, Chief Executive Officer of OGIF's management company commented:
'We see huge short term upside potential in the equity of Sound Energy'
curlyputt
Posts: 376
Opinion:No Opinion
Price:10.36
GSA
Fri 22:19
I'm pretty sure the Moroccan govt will be super keen to get a major player involved in exploiting their gas resources and consequently I expect the GSA will be a tempting offer because it will make SOU look an attractive buy. A poor price would put a buyer off but a good one would make a deal very tempting and improve our return as shareholders. Just a thought.
ericnat17
Posts: 2,474
Premium Chat Member
Opinion:No Opinion
Price:10.36
RE: ONHYM
Fri 21:49
Also consider the JP deal making OGIF major shareholders.

These guys are pretty important in the banking and pension sector in Morocco. They are not going to get shafted. Imagine the stink if they get peanuts and the major goes on to make discoveries.

All this makes me think we will get a fair price. It may be low it, it may be high, but it will be the best available.
ericnat17
Posts: 2,474
Premium Chat Member
Opinion:No Opinion
Price:10.36
RE: it has occured to me
Fri 21:22
GB i think it was meant as a joke....well that was my take.

and yes 18p could still be fantastic bargain
GingerBear
Posts: 134
Opinion:No Opinion
Price:10.36
RE: it has occured to me
Fri 21:19
Amazing how many people have developed hindsight over the past few days.
If the LE is as positive as most hope them even 18p would be a bargain,

GB
Jarrovian
Posts: 410
Opinion:Hold
Price:10.36
ONHYM
Fri 20:51
Upon reflection it strikes me that we seem to have forgotten about our partners in this venture.

ONHYM will be desperate to bring in a real O & G Co who can do the licence justice .

Just as what happened over at ECHO . JP in the words of J.C was "Ambitious and failed miserably"

Lets hope ONHYM can give assurances and incentives for a big boy to do a proper job.

It is not in their interests to talk down their own acreage . Hopefully the conversation will in laymans terms be

" Keep them sweet . Make them go away and we will make it worth your while "
ericnat17
Posts: 2,474
Premium Chat Member
Opinion:No Opinion
Price:10.36
RE: Suspension or not?
Fri 20:31
well there you go

Leaky sound energy......suspension needed

False Market.....this is sound.... suspension needed
medi111
Posts: 365
Opinion:No Opinion
Price:10.36
RE: Majors
Fri 20:28
May be to be shared with JP
gls44
Posts: 56
Opinion:No Opinion
Price:10.36
Majors
Fri 20:25
From today's OilPrice.com newsletter:
"BP to look at frontier exploration. After several years of pursuing more cautious tie-back projects offshore, BP (NYSE: BP) said that it was considering more ambitious frontier exploration. It’s a sign that the oil majors are willing to take on greater risk once again, after several years of stepping back."
GLA
G
jacklevi
Posts: 2,852
Opinion:No Opinion
Price:10.36
Suspension or not?
Fri 20:22
Orange You are correct when an offer is accepted and announced there is no point in a suspension when it is required is when there is a suspicion of a leak prior to any announce and the likely hood of a false market being made.
tradeemup
Posts: 1,599
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 20:20
JPs naivety based on the comms post te7 is astounding. We now desperately need 2 or 3 peers at the table who all see the current malaise as an opportunity to strike. Hopefully JJ can finally earn his keep as to my mind he has done sweet FA to date. If you can convince 2 or 3 sector peers that this is the right strategic asset at the right time then 30-50p is possible. Can JJ bring the asset to the right sets of eyes and ears and convince them a competitive advantage Is on offer NOW... jury out
Shedulike
Posts: 1,661
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:56
Pont I suspect most investors here are, like myself too heavily invested but haven't bet the house on it. While I always knew there was great risk in the exploration game I genuinely believed SOU was different to other O&G AIM companies in that being retail focused there was a genuine regard for the PI as evidenced by the events and general comms. The fact is without Tendrara we would have sunk without trace long ago in Italy. JP got lucky and vanity took over with the wild promises which were way, way beyond 'promoting the company', take a look at the calm, measured and cautionary delivery of Paul Haywood at BLOE (not saying things can't go wrong there of course). I still believe there may be a last positive twist here and at this price a chance of a way out but also acknowledge that the sale may fail and we end up raising at 5p, talk about full circle!! Someone suggested that the greedy actions of the Directors since things started going wrong on the three well campaign were simply 'human nature' and we'd all do the same given the chance, I don't agree. Given the performance record and cash situation at least a token pay cut was the only decent thing to do. To highlight cost reductions with 'staff numbers and staff costs' in an RNS while the inner sanctum continue to shower themselves in riches is absolutely despicable.
Orangeviking
Posts: 181
Opinion:No Opinion
Price:10.36
Suspension or not?
Fri 19:48
I thought I read somewhere recently that it would be better if it wasn’t suspended when an offer came in as then the price would naturally rise to that figure ? Someone with a better understanding than I know whether it HAS to be suspended or not?
rocket_racoon
Posts: 179
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:40
I've just had a quick look at your recent post history Pontcanna, and I can see one of the things you (like most of us) have been angry about is the mis-perceived value of TE-5. Not sure if this'll help, but at the Balls Brothers event I asked JJ about the same thing. My question to him was "Was SOU aware of the disparity in the perceived value of TE-5 vs the actual value, and if you were, why didn't you feel it appropriate to inform your shareholders that they were getting it wrong?"

His response was along the lines of yes they were aware that there was a misunderstanding withing the PI shareholder base, and that they'd taken legal advice as to whether or not they should/must highlight the mistake. The advice was that they had no legal obligation to do so, but it was ultimately up to SOU whether or not they did highlight it.

Hence the Edison report regarding TE-5 value. They've said for a long time that they're not allowed to offer guidance on the value of discoveries, so the next best thing was to get a 3rd party to do it, for our benefit and to clear up any misunderstandings. JP and JJ re-iterated at the AGM that the Edison report was solely for PIs and would not have a bearing on the sale. So I give them credit for that.

On a separate note, I warmed to JJ much more than I thought I would that day. I was talking to him at length prior to the Q&A that's been recorded, but we got cut off when the Q&A started and he had to go. After the Q&A finished he came back to find me to finish our conversation because he knew I had more questions. It's only a little thing really, but I appreciated it
LONGWAIT
Posts: 2,723
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:36
I hope so too.

If you're right, is it really necessary to appointment Rothschilds, or is that a formality?
tradeemup
Posts: 1,599
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:33
Pontcanna. There is no doubt that JP will sleep easy and not give the PI’s that funded his lifestyle a second thought. However he is self interested as is Simon Davis in achieving the best price for his future CV and personal wealth. I am increasingly of the belief that the sound team would not put the for sale sign up for anything less than 3-£400m. If they thought this was unachievable plan B would be a review of funding requirements to close the gap on valuation as one positive outcome on te11 or te12 changes the game completely. They must believe a price acceptable to all without further exposure to risky drilling and dilution is out there and perhaps already agreed. I hope I’m right!
ericnat17
Posts: 2,474
Premium Chat Member
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:32
Chin Up Pontcanna

We are not done yet, let it play out. There are plenty of examples of 100% increases in SP once a deal has been RNS.

I know it is that last thing you want to hear, but it is only money. You need to focus that even though you are on a paper loss. nothing has really changed in your life. Its just that you may retire a year later. and that is if we are selling for 5p.
Jarrovian
Posts: 410
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:25
Pont .

Very valid point.

And for all those that say " It's O&G and DYOR "
most of us did .
rocket_racoon
Posts: 179
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:24
You're not alone buddy, I was talking to a guy at the AGM who had thrown a quarter mil into SOU. An older fella he was, seemed quite nice and was putting a brave face on it, but jeez..
medi111
Posts: 365
Opinion:No Opinion
Price:10.36
RE: Mental Health
Fri 19:21
You are not alone. Hope JP can see that though i have learnt that few care about the impacts of their deeds. Anyway, hope he can close this chapter ASAP.
Pontcanna
Posts: 248
Opinion:No Opinion
Price:10.36
Mental Health
Fri 19:11
I'm sad to say this share has taken a great toll on my health. I like many others invested too much money that I could not afford to lose for various reasons gone into many times before. Checking in on this board every half hour or so (like many I guess) is not a good thing to be doing ! This share has been a nightmare and like it or not James Parsons has many questions to answer which he never will.
rocket_racoon
Posts: 179
Opinion:No Opinion
Price:10.36
RE: it has occured to me
Fri 18:24
At the AGM JP said we would "probably" sell Sidi once the Tendrara sale is complete
Soundingoff
Posts: 3,436
Premium Chat Member
Opinion:No Opinion
Price:10.36
RE: RE: Re; Re Sale price
Fri 17:34
An interesting observation Jones.

After reviewing a few RNS trails where companies have opened data rooms, some of them have not issued any further RNSs and have moved straight to an offer for sale of the company. Therefore there is certainly no requirement to do so in many cases.

However, saying all of that, we shouldn't be applying that criteria to us anyway. It is very important to be clear that we are currently marketing the sale of the portfolio (asset sale) and not the sale of the company. The rules surrounding the sale of the asset have much less regulation attached to them than if the company were to be sold. We may of course convert to the sale of the company.
LONGWAIT
Posts: 2,723
Opinion:No Opinion
Price:10.36
RE: it has occured to me
Fri 17:32
Like you, Ginger Bear, I think the share price has finally bottomed.

H8wever, you did describe it on November 19, when the price was about 18 p, as:

' a real bargain at these prices'




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