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#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign


Sound Energy Share Chat (SOU)



Share Price: 27.72Bid: 27.74Ask: 28.38Change: 0.00 (0.00%)No Movement on Sound Energy
Spread: 0.64Spread as %: 2.31%Open: 28.00High: 28.70Low: 27.36Yesterday’s Close: 27.72


Share Discussion for Sound Energy


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Spencerhughes100
Posts: 5
Opinion:No Opinion
Price:27.72
RE: gas aggreement
Sun 21:19
thanks very very useful
 
PNE79
Posts: 5,250
Opinion:No Opinion
Price:27.72
RE: WHATS YOUR
Sun 20:57
You have just posted the same on another 6 boards. Clown
OMERTRADERS
Posts: 385
Premium Chat Member
Opinion:No Opinion
Price:27.72
WHATS YOUR
Sun 20:26
AVERAGE?
woode
Posts: 842
Opinion:Strong Buy
Price:27.72
Re Fracking
Sun 19:15
Shedulike
Posts: 1,358
Opinion:No Opinion
Price:27.72
RE: Looked in
Sun 18:44
Takes me back Crude, I stayed on a farm near Liberia which is inland from Puntarenas when I left school, biggest mosquitos I've ever seen, I swear they could saw their way through a mosquito net!
jag11
Posts: 859
Opinion:No Opinion
Price:27.72
RE: Fracking
Sun 18:15
Thanks ddboy - that's the kind of observation to get the juices flowing.

If the company have a good idea of the ballpark figure for the TE5 GSA, and they with Schlumb have analysed enough to feel good about stimulating TE10....and IF those figures and that analysis are available to an interested party.... then maybe that interested party is in a better position to crunch some numbers and....
Yoghurt
Posts: 635
Opinion:No Opinion
Price:27.72
Deep Dive Question
Sun 18:12
It is worth going back to the deep dive @1h50m and the first question why te10 is so far from the pinch out.
3 way closure location for risk off, gas down to shows derisk strat (tick) and also very encouraging paleo shows. We are going to be well in the money from here in my opinion.
crudehope
Posts: 8,874
Opinion:No Opinion
Price:27.72
RE: Looked in
Sun 16:48
Last day of trip and we are in wonderful Puntarenas, Costa Rica. Currently mid 30s C and very hot. Sipping a pint of Mohito lamenting our imminent return to UK! Panama Canal was totally amazing...Gatun locks and lake, Culebra Cut and Miaflores Locks are something to behold!

Adios amigos............
medi111
Posts: 177
Opinion:No Opinion
Price:27.72
RE: sou
Sun 14:55
Sorry read "monopolist"
medi111
Posts: 177
Opinion:No Opinion
Price:27.72
RE: sou
Sun 14:53
LELO. 1. sdx wells are close to the industries but sound is not. 2. SDX NOW are a sort of a onopolist and they compete againt liquid fuels. This is not the case for sound. 3. Sound gas is planned for the power sector and as such it should compete against LNG and coal (at least in the planning stage). Besides, from a country perspective hogh gas prices imply high electricity prices with inflation impact on the whole economy so they would do sll they can to get low prices.
Lelo_Gas
Posts: 920
Opinion:No Opinion
Price:27.72
RE: sou
Sun 14:41
jag - the GSA can only, for now, be for the TE5 horst because that is all that has been verified. I still believe that there would not be a different price achieved for different areas within the 2 licences as it would all be going down the same pipeline. I do not know whether it is the purchaser or the seller who is prevaricating, but for sure, one party is & I think that this is dependant on the potential volume. Whether this would be a higher or lower price I don't have any idea,
medi - I still don't understand why SDX achieve more for a smaller volume - gas is gas - why can't we just hive some of ours off for a premium & still undercut SDX ?
ddboy
Posts: 2,297
Opinion:No Opinion
Price:27.72
Fracking
Sun 13:48
There is quite a lot of equipment to be mobilised to mechanically stimulate the well and a lot of analysis must have been done before it was decided to mobilise the kit.
I would suggest they are pretty sure it will work. SLB are after all hardly novices !!!
IMHO
JezTheFez
Posts: 2,817
Opinion:No Opinion
Price:27.72
RE: Gloomy outlook from bedsit
Sun 12:18
Tapper - he made two pickled onions cry last night.
tapper2
Posts: 1,616
Opinion:No Opinion
Price:27.72
Gloomy outlook from bedsit
Sun 12:09
STZ I wouldn’t mind your ramblings if they were humorous your craic would make an onion cry
JezTheFez
Posts: 2,817
Opinion:No Opinion
Price:27.72
RE: Pearls of wisdom
Sun 11:41
Tabeleg - excuse my brother. He is even more deluded than I am. Perhaps it's his diet of spam fritters with chips that is having an effect on his capacity to string a sentence together. He clearly doesn't understand what the situation is and that JP won't be rushed into delivering the news just to appease a few impatient PI's. I have already commented that the news may not come until early-to-mid March, which you can see for yourselves in the most recent PP presentation on the SOU website. Until then, sit back in the pocket and let the BOD do what they are paid to do. No point in worrying about the GSA either IMO. JP has already said that he is close to delivering the news. My estimation would be late Jan / early Feb and I don't think it has anything to do with the Te-10 results.
Tableleg
Posts: 550
Opinion:No Opinion
Price:27.72
Pearls of wisdom
Sun 11:25
More pearls of wisdom from STZ. They are mechanically stimulating to get a decent flow rate as you well know and is this gas part of the bigger strat play which opens up the bigger numbers. They will then move on to 11 after looking over and analysing more info from 10. There is no rush they just want to do it right. In fact everything that JP has said. There is no big conspiracy especially with slumberger looking over everything. Another totally useless posting STZ. Yes you really are living the dream!!!
jag11
Posts: 859
Opinion:No Opinion
Price:27.72
RE: sou
Sun 11:25
Mebo - the non-appearance of the GSA has certainly generated some comment and it’s hard to see why it’s taken so long if it’s just for TE5. But, when you say you don’t believe it was ever for TE5, that ignores the many times that JP has said just that. If it’s not just for TE5, why say it so many times??
JezTheFez
Posts: 2,817
Opinion:No Opinion
Price:27.72
RE: Gloomy Outlook from Bedsit
Sun 11:17
I see that my brother has peppered the bb again with his diatribe. A battered sausage with two pickled onions?! Says it all really, doesn't it? Utter cock! Literally......

I can report that the view from the bedsit this morning is rather gloomy although STZ is clearly happier running my chip errands rather than being down the Call Centre this morning.

Livin' the dream indeed. Right...time to open a bottle of Blue Nun.
simonthezealot
Posts: 944
Opinion:No Opinion
Price:27.72
Gloomy Outlook from Bedsit
Sun 11:08
Another gloomy morning looking out of the Chuckle Bedsit this morning. JTF made me run downstairs last night to order him a battered sausage, spam fritter and pickled onions.....? A strange order to say the least. It is as if he has pregnancy cravings. It was when I was waiting for his deep fried delights to cook, it suddenly dawned on me, that if Sound Energy are an 'exploration' company, why oh why are they attempting to mechanically stimulate TE-10, instead of leaving it to the big boys to finish off? Why don't they admit that what they say they have found in a very small area may or may not be commercial and move on to the bigger picture at TE-11? My opinion on this is a simple one. I think it is down to the fact that failure is now not an option. They are fully aware that one more duster will destroy the SP and any chance of a decent price at GSA. It is almost as though the BOD, pi's, institutions and other affiliated parties are all locked in to a stalemate scenario. The big question is who is going to show their hand first? It would be far bolder imo, if Sound just come out with the inevitable conclusion, that although they have found some gas shows, they are unable to ascertain it's commercial viability and that this requires further logging and a better understanding of how the basin model works etc. Why the drawn out wait for this inevitable synopsis? Surely, it is in the best interests of every party to continue on with the drilling schedule at TE-11, where they stand to get a better result imo. Anyway, JTF is demanding that I make him brunch. I might reheat some of his fritters or will venture down the stairs again to buy him some rissoles and chips. Living the dream...!
medi111
Posts: 177
Opinion:No Opinion
Price:27.72
RE: sou
Sun 06:36
SDX gas is for industries with expensive alternatives. Sound gas is for the power sector with probably social/political impacts. Hence, expecting high GSA tariffs is not very reasonable.
mebo2
Posts: 307
Opinion:No Opinion
Price:27.72
RE: sou
Sun 02:09
Just a foot note,i don't believe the Gsa was ever meant for Te5 but if the seismic is proved up it's for the lot,after all sound have always said prove up & sell,not for a part but the lot.
mebo2
Posts: 307
Opinion:No Opinion
Price:27.72
RE: sou
Sun 02:03
Gsa has been a worry for a while & i think Lelo is spot on sound have shouted from the roof tops this is big since the start & a dragging of the Gsa feet is i think a lets see if it is big before we commit,let's see & hope no bluffs have been called??
jag11
Posts: 859
Opinion:No Opinion
Price:27.72
RE: sou
Sat 22:42
Lelo - you may turn out to be right, but the example of SDX, I reckon, proves my point, not yours. ‘Cos if they can get a higher price for a smaller quantity, while still prospecting for more, then how is that different from us getting a GSA for the Horst, while moving on to the next drill programme?
jag11
Posts: 859
Opinion:No Opinion
Price:27.72
RE: sou
Sat 19:17
I think your first sentence is spot on, Shed. A buyer, a seller, a commodity in demand and a defined quantity at the horst - what's left to discuss for month after month? It's difficult to see the "if there's more, then the price will have to come down" argument - because, logically, there's no end to that, just waiting for the next discovery, and the next, and the next.

So where does that get us? I don't like conspiracy theories as a rule, but this delay, over a fixed amount of gas, make me wonder if you're on to something.
Shedulike
Posts: 1,358
Opinion:No Opinion
Price:27.72
RE: sou
Sat 19:05
As ever we're all speculating but my thoughts are that if one party wants to buy the gas and other wants to sell it then negotiations for a sales agreement wouldn't overrun by over a year. Now I know it's not as simple as bartering for a carpet down at the old souk but I have long wondered if our suitors have indicated that they would want a hand in the GSA. JP has to be seen to be planning for all eventualities but everyone knows that a complete sale is the preferred option. It might be as SOU investors we're never going to see a GSA and perhaps never were. Absolutely guaranteed to drop on Monday now!




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