Incorporated in England and Wales, Sound Oil is an independent oil and gas exploration company. It was founded in 2005 and admitted on the AIM market in June 2005. They are hoping to grow their portfolio with selective additions of different projects in the focus areas and also in other regions of the world.
Bobs............that whole situation over at ADVFN made me smile too! Crude.......glad you enjoyed it.
Ajax, Esoxesox, Job.......glad to hear you're all still 'out there'. Ajax, I haven't heard of the debacle you refer to.....must have missed that. Job........I don't know where Zorns has got to...............maybe he sold or maybe he's just a 'fairweather' poster. I post all year long through good times and bad...........but I enjoy it. I don't enjoy being down on my investment, but I do like talking to fellow investors about Sound Oil. I also enjoy the camaraderie & like to have a laugh.........that's what I thought had gone - the fun...................
Re Jobbinscl.... Yep, that was my understanding too, but asked the question when I read the below. Something does not add up! Can you elaborate? "It now has proven resource at Nervesa which would deliver circa £15M a year for 13 years from 2015. So it could focus purely on those 3 prospects for the next 15 years and shut up shop with £195M in the bank (obviously in today's money) and we would have the proverbial 10 bagger."
i do like your information cheered me up thanks
51M is npv, please see page 5 of investor presentation for income from the well/s.
"Nervesa which would deliver circa £15M a year for 13 years from 2015".... Isn't total NPV 51 mln EUR?! Let's be careful where we are as a company what what still has to be done before becoming profitable. The 1 million GBP in the bank is the main concern I see at the moment. We urgently need some indication of financing for interim 2014 period, particularly when so many expensive operations are planned. Thoughts/confirmation appreciated.
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