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.
Crude yes I did...0.915 I think spread was .9/.95 but was all over the place.. Look forward to it.
Ponkey......you neglected to mention the bid price. Anyway, yes pity about Margate - they'll be another occasion. Joe, he's never mentioned anything to me about Italian expansion, even though it is written. £250 K is a Kings ransom in my book lol! I'm more your £59-60 K punter...........a Princes ransom ? Crude
O/T last time apologies-0.915 fairly early doors-too good a profit to turn down. Wine choice noted! SOU ,whilst I trade this like billy o I have always for the last 6 years had a decent core holding which I will keep (depending) till the story runs it's course, if only as anexcuse to meet up at next AGM-did try Margate if you remember-farage etc.
"· Consolidation in Italy, including the acquisition of various onshore exploration, development and production assets" This was mentioned in the rns but never mentioned by anyone. Has anyone, either by email, or at investor meetings etc, heard anything about these possibilities? Personally, I would be surprised if we got involved with anymore assets in Italy, but you never know what bargains might be around! There is nothing in the quarterly presentations/newsflow to that even hints something like this might happen. Could be have some strategic partnerships with the likes of NOP and Rockhopper?
Re big buys/ Big potential
What news will JP have soon on Morocco, as he is off to Rabat this week? Tendrara permit Under the terms of the Farm-In Agreement, Sound Energy will pay 100% of the cost of three wells, of which only the first well would be a firm commitment. The first well is to appraise the larger of two existing discoveries in the Tendrara Licence with a view to addressing the residual reservoir uncertainties (well deliverability and areal continuity) and proving up sufficient reserves to properly size the design of the infrastructure required to commercialize the gas. Sound Energy's commitment to fund the second and third wells will depend upon the results of the first well. The licence already has 4,400 kilometres of 2D seismic and 500 square kilometres of 3D seismic.Preliminary internal estimates of existing discovery volumes suggest significant volumes in place with potential recoverable resources of multiple Tcf across multiple prospects / leads. Sidi Moktar Sound is looking to acquire a subsidiary of Mahgreb which owns a 25% carried working interest in the Sidi Moktar licence onshore Morocco. The company said the Sidi Moktar licence is located in the Essaouira basin, which contains multiple Jurassic gas discoveries. Sound said it will start due diligence on the acquisition and will make further announcements when appropriate.
Re big buys
I haven't got all the fancy financial info, such as L2, like many have, but the first two look like sells at the time ( to me anyway), but the third looks like a definite buy. However, I am fairly convinced these three trades are all the work of the same trader, too much of a coincidence otherwise, therefore I presume that they are all buys. If they are all buys, it looks like someone has invested close to £250k, plus some other possible trades, in one day. That is a lot of dough, even for crudehope, I suspect! That could indicate we are in for big news this week. Will be interesting to see if we get more of the same tomorrow. (Could that be continental??)
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