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Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018


Sound Energy Share Chat (SOU)



Share Price: 46.20Bid: 46.20Ask: 46.50Change: 0.00 (0.00%)No Movement on Sound Energy
Spread: 0.30Spread as %: 0.65%Open: 46.50High: 47.28Low: 46.04Yesterday’s Close: 46.20


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ericnat17
Posts: 1,487
Off Topic
Opinion:No Opinion
Price:46.20
Po Valley Maiden Reserves
Sun 23:47
Energy Reserve And Resource Upgrade For Po Valley Maiden Reserves Of 2P 36.5 Bcf Declared For Teodorico.
February 19, 2018
Po Valley Energy Limited ('Po Valley' or 'Company') is pleased to report an upgrade of its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations Pty Ltd ('PVO') as part of the release of an extensive Competent Persons Report ('CPR') prepared on PVO, Po Valleys 50% owned Saffron Energy Plc ('Saffron') and Appenine Energy.The CPR has been lodged in full with the ASX in conjunction with this release.
Maiden 2P Reserves of 36.5 bcf of gas have now been declared at the Company's offshore Adriatic development Teodorico gas field in line with the Society of Petroleum Engineers ('SPE') guidelines.
Teodorico has the largest gas in place of all of Po Valley's gas fields and is at an advanced stage of assessment and is ready for development. The Company received a preliminary award of the Teodorico Production Concession last year and is advanced in securing environmental approval which is the main step before full grant of the Production Concession.
The development of the Teodorico gas field involves the drilling of two wells, Teodorico1 (TD MD 1,880 metres) and Teodorico2 (TD MD 1,900 metres) both drilled in shallow water (about 30m depth) and the construction of a 12km tie line to the ENI operated Naomi Pandora gas processing facility which is connected to the Italian National Grid.
Close to one million Euros has already been spent by Po Valley on technical and facilities studies in order to reach this stage and all relevant permits are in hand. The Environmental Impact Assessment has been successfully filed and accepted by Governmental Authorities and Po Valley's formal development plan has been fully sanctioned by the Italian Ministry. Costs have been scoped and quotes obtained for Capex planning, covering the whole execution process.
The competent person, CGG Services (UK) Limited (CCG), considers that having reached this advanced stage, and having made these commitments, it is now reasonable to expect that the Operator will proceed to development within five years.
As indicated in January, following the successful drilling of Podere Maiar 1 dir well in the former Selva gas field in the Podere Gallina exploration licence, work is underway to provide updated reserve and resource estimates on the Selva Stratigraphic discovery and Po Valley plans to update the market on these in the second quarter 2018 when completed and signed off by the competent person.The Contingent Resources estimates have been adjusted to reflect Po Valley's 63% share in the licence and gas field following the successful farm out to United Oil and Gas Plc and to Prospex Energy Plc.
The report by CGG, has been prepared in connection with the proposed acquisition of PVO and Sound Energy Holdings Italy Limited by Saffron and the readmission to AIM of the enlarged group, subject to shareholder approval. Saffron published its
 
Neptunes
Posts: 1,909
Off Topic
Opinion:No Opinion
Price:46.20
RE: Anybody
Sun 23:28
Sorry Daveboy71 for the delay. 'Dev Conference' - merely a work thing. No Biggie. Let us know what questions you want answered, and I'll try and put them across. I wonder if we'll get an RNS tomorrow? GL
daveyboy71
Posts: 1,790
Off Topic
Opinion:No Opinion
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 21:42
Cheer's Mr T, I ain't getting on no plane, sorry, hard to resist, will check the books out, not a natural reader myself but open to suggestions, will you be listening in tomorrow? Sidi is an unpolished diamond
gasbag
Posts: 46
Off Topic
Opinion:Hold
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 20:46
Hi Daveyboy, Yeh Peanuts sound good or a large field of gas! You asked about the books "what I wrote!" Amazon or a book shop will find them. The first, "African Harvest" by Terence R----s and second "The Three Rings" by Terence R----s it's my autobiography! I'm told by the many that it is very readable, at least they will not take eighteen months to read !
All the best, we will all finish up with a smile on our face!
Gasbag
Tableleg
Posts: 47
Off Topic
Opinion:No Opinion
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 20:33
Ok Davey good wishes to you and all decent sounders the Fsc this week will give us pointers for sidi and how it will play out. No farm in announced then probably not much happening other than a posturing work program Inmyho. Good luck to all genuine holders.
daveyboy71
Posts: 1,790
Off Topic
Opinion:No Opinion
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 20:21
Table, 3 of us sat down in the savoy tup, myself, soundingoff and my mate mikey, down from notts, we thought it was full of sounders but no badges on and didn't want to sound like a mad man shouting out, hi Mr and Mrs gas bag, looking forward to the next instalment of divided payment, maybe peanuts for us monkeys lol, home straight, ignore the share price, completely disconnected from asset value
harhoo
Posts: 7,686
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:46.20
parsnips
Sun 20:11
given up here and moved on to his other company interests?
gasbag
Posts: 46
Off Topic
Opinion:Hold
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 20:10
I can confirm that Daveyboy is very real,Mrs Gasbag and I met him on the Thames trip recently, where we enjoyed one of Sound Energy's divided payments, "Popcorn". We liked his style and found him very knowledgable. He calls a spade a spade - I only wish more on here did the same!.
Keep hanging, on only "eighteen months" to go!!
There are limits though, we are all here to make some dosh, not invested indefinitely with little return. However, big fish take longer to pull in.
Gasbag
w8ey
Posts: 40
Off Topic
Opinion:Hold
Price:46.20
RE: Talking
Sun 18:54
80,000 shares at 37p average. Definitely a hold for me.
Tableleg
Posts: 47
Off Topic
Opinion:No Opinion
Price:46.20
RE: FB Group for CORO ENERGY plc.
Sun 18:26
Davey was that you in the corner in the pub sitting down with four of you down the side street pre the boat ?




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