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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Sound Energy Share Chat (SOU)



Share Price: 7.74Bid: 7.61Ask: 7.73Change: -0.26 (-3.25%)Faller - Sound Energy
Spread: 0.12Spread as %: 1.58%Open: 8.25High: 8.26Low: 7.70Yesterday’s Close: 8.00


Share Discussion for Sound Energy




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Jarrovian
Posts: 482
Opinion:Hold
Price:10.20
RE: Few quotes from FSC....
13 Jun '19
Cheers Seaton
 
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
Sorry Jarro think I have reduced it by a factor of 10 so 230,000 and 115,000 should be the figures
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
According to JJ it was about £23,000 and they are reducing it to £11,500 but it's not clear how far down that road they are.
That is operational running costs only.

GLA
Jarrovian
Posts: 482
Opinion:Hold
Price:10.32
RE: Few quotes from FSC....
13 Jun '19
What is Sounds weekly cash burn anyone ??
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.38
RE: Few quotes from FSC....
13 Jun '19
250 your figures are correct. At the FSC JP said things such as it was better than finding a dry hole and that it was a discovery (non-commercial) but he also said there would be no further work at TE10.
I guess the value of it is that it at least proves to some extent that the seismic and their theory is correct in identifying gas deposits. They are just struggling to get it to flow at commercial rates. So on that basis it is better than finding a complete duster.

GLA
trellis35
Posts: 1,537
Opinion:No Opinion
Price:10.38
RE: Few quotes from FSC....
13 Jun '19
can the great salesman negotiate a discount for PIs on staropramen lager in Wetherspoons then? 3 trips to London in next 7 days so a few minutes in Hamilton Hall waiting for trains. Will certainly be paying more than £2.50 a unit and certainly £10 doesn't hack it for wine even there. God forbid the prices at Simpsons in the Strand but at least only bull you get there is matured, marinaded , perfectly cooked and tender, until your guests start spouting the s**t to go with it.
So maybe mugs like me will pay over the odds- as I have often said I will settle for Mooncheese and £65 not a penny less.
250SWB
Posts: 1,049
Opinion:No Opinion
Price:10.38
RE: Few quotes from FSC....
13 Jun '19
I posted this last night
does anyone think the numbers are wrong?
Shaun you seem more optimistic than these numbers seem to justify
so what did I miss?

longwait
I saw that so checked the rns again

the minimum required was 1.5- 2.0 mmscfd per more recent company briefings

to spell it out that is 1,500,000 - 2,000,000 standard cubic feet per day needed (low level needed due to being excused the capital expenditure necessary as piggy backing off TE5 horst capex

it was tested over 11 days
it did roughly 6000 standard cubic feet per day

it failed to reach those target minima

it did not reach even 40% of bare minimum
not even 4%
but actually unless my abacus is wrong, it did 0.4% of scaled minimum required

not 40% not 4% but 0.4%
trellis35
Posts: 1,537
Opinion:No Opinion
Price:10.26
RE: Few quotes from FSC....
13 Jun '19
seaton, am off to start tunneling into next doors wine cellar in the hope it has wines of the same or better quality as mine. I am confident as rumour has it there may be a passage between the 2 and they are connected. My tunneling engineer is confident and we have not yet had a DD moment. Just hope their cellar and mine together is the size of Belgium and Wales combined - but also hope the quality is good enough as wine made from coal,leeks and sweetened with chocolate would lead me to believe that my effort would not have been worthwhile. Mind you I would believe Poirot if he said it, but given my experiences with the Trinity it would be on Captain Hastings recommendations.
trellis35
Posts: 1,537
Opinion:No Opinion
Price:10.26
RE: Few quotes from FSC....
13 Jun '19
I have more chance of eating Muffins on Echo beach with Martha than drinking Echo Falls- although it would have a certain resonance with Echo at 2.45p...….
JezTheFez
Posts: 3,715
Opinion:No Opinion
Price:10.16
RE: Few quotes from FSC....
13 Jun '19
I'm getting drunk just reading these messages. I thought Trellis would be involved and yes, I was right.
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
SO - depending on how this goes we could all be on the Echo Falls.

Actually if it goes badly maybe steer clear of the Echo Falls, the name might remind you of JP too much!

GLA
Soundingoff
Posts: 3,558
Premium Chat Member
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
I think we have to bear in mind trellis, that the chance of corkage is going to be higher on your 1955 Rothchild than a bottle of Echo Falls. Higher risk for higher reward. The cellar still has a stock of lower risk wines with of course a lower value. You are making the mistake of judging your cellar only by those centerpiece wines. In case you're not sure what Echo Falls is:

https://www.tesco.com/groceries/en-GB/products/286132066

I've never touched a drop, but it would be advisable to use your usual scepticism when considering the delicious comment in the advertisement. Other wines are available.
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
Trellis I will take you up on your offer and we can decide which of us was closer to the final outcome.
In your analogy you forget that JP has friends at wetherspoons and he has already negotiated a market and supply chain for his wine, he has partners with one of the best corkers in the business and he knows he can sell his current £1,500 bottle and it will supply 60% of the French wine sales for the establishment. He has identified some New World bottles that he hasn't even opened yet. He knows in the cellar next door the new world wines are superb.
Would he still only get £1,500 for his cellar and his proven bottle of 1955 CMR?
I think he would get more, how much more is the question.

GLA
keeptofacts
Posts: 1,798
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
That’s a great analogy.
trellis35
Posts: 1,537
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
Seaton, please share a bottle of fine wine with me at my LE party here- I admire your optimism but can only feel you are,like me, over dabbling with the exception being your glass is 3/4 full and mine is empty. I might still want £1500 for my bottles but no bugger is going to offer me that knowing that there has been proven corkeage- especially if I open 2 more with the same result as JP has done. The value of the remaining 3 bottles would be minimal.There would be huge scepticism over the rest of my cellar as well regardless of labelling or marketing or my research and any value attributed would be on work done by previous owners.
Anyway, off to open a safe Bergerac and who knows I might stumble across another discovery left by someone else and restore my reputation as a wine cellar explorer on the back of other companies' work
seaton7392
Posts: 554
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
Trellis your dilemma is slightly different to JP's. I would say that he has already found one bottle of the 1955 CMR and knows the value of it. He has a cellar full of other bottles which is vast. He has done a quick inventory and found a few potentially nice wines but subsequent bottles he has opened have been corked.
He is marketing on the basis of a cellar of this size there can't only be one bottle of 1955 CMR.
If he was to sell his cellar would he accept less than £1,500? No he would want £1,500 minimum and he would expect a premium on the basis that in a huge cellar it is unlikely that this is the only bottle of fine wine.
Good luck with your wine sale and good luck to JP and us all.
trellis35
Posts: 1,537
Opinion:No Opinion
Price:10.30
RE: Few quotes from FSC....
13 Jun '19
SG47- I made a discovery yesterday- half a case of 1955 chateau mouton-Rothschild with a value of £1,500 a bottle. Wow I said to wannabe 5 that really is a discovery! eagerly I drilled(removed the cork, let settle,decanted and used my wine thermometer before waiting some time to breathe before tasting- I still had 5 more bottles as back up that would gross at £7500- but alas it was corked, undrinkable and definitely uncommercial so my discovery would appear worthless. However I have a dilemma- do I market the other 5 bottles but keep quiet about the results of my research and tests or put them up for sale releasing the results of the drill to any purchaser and saying it is caveat emptor and make me an offer. I will throw a few bottles of Lafite 2004 in as a sweetener but as I have done nothing with them for 3 years they will have to take my word it is still as good as it was then. I might scrape £30 to £50 quid a bottle instead of £1,500. Or do I turn totally evil and just steam the labels off and stick them on the Lafite- if caught I can say it is just marketing. I am not even going to touch the other dusty case in the corner which is described in the inventory from previous owner as 11 bottles of potentially superb Neuf du Pape with excellent provenance from their research team, but being sold cheap as they had to sell and other cases they sold did not turn out as they had wished
what a dilemma I am faced with- but at least I can relax knowing I made a discovery, can argue that with wannabe 5 when she says I promised her a holiday with the proceeds- a discovery is a discovery whether worthless or not- I can empathise with JP with his current dilemma
Shaungreen47
Posts: 2,538
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
13 Jun '19
"JP still calls TE10 a discovery"

He probably calls it a discovery..........because it is.
EricHorseman
Posts: 30
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
13 Jun '19
I see that n4aPound has finished licking its wounds and come crawling back. How’s the average? 95p? 33p? Or has it changed once again? Given the timescales, i’d guess it’s somewhere around 10p now? You should be happy :-)
n4aPound
Posts: 465
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
13 Jun '19
just aa catch up of posts from yesterday and one mde me laugh.....and laugh hard.

JP still calls TE10 a discovery

This coming from the man who refused to admit TE8 was a failure and kept calling it a partial success

Clearly, he is baffled by his own BS, and th elikes of JJ are there to reinforce it! If they want a real cost saving in G&A, get shot of JJ....he has brought nothing to the table, added no value and quite frankly is a drian on finite resources a.k.a Cash
Esmerelda25
Posts: 808
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
12 Jun '19
Clearly they didn't discover 'plenty of it' Shaun otherwise it would have been commercial but the rest of your post is correct.
JoeCreed
Posts: 11,973
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
12 Jun '19
Thanks for posting Shaun
Shaungreen47
Posts: 2,538
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
12 Jun '19
As the slides say....
Shaungreen47
Posts: 2,538
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
12 Jun '19
Longwait, the level of understanding is astounding. It is a discovery.... because they discovered gas. And plenty of it. The problem, of course, is that it is (currently) non commercial. So it is a non commercial discovery.
250SWB
Posts: 1,049
Opinion:No Opinion
Price:10.20
RE: Few quotes from FSC....
12 Jun '19
longwait
I saw that so checked the rns again

the minimum required was 1.5- 2.0 mmscfd per more recent company briefings

to spell it out that is 1,500,000 - 2,000,000 standard cubic feet per day needed (low level needed due to being excused the capital expenditure necessary as piggy backing off TE5 horst capex

it was tested over 11 days
it did roughly 6000 standard cubic feet per day

it failed to reach those target minima

it did not reach even 40% of bare minimum
not even 4%
but actually unless my abacus is wrong, it did 0.4% of scaled minimum required

not 40% not 4% but 0.4%
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