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Member Info for crudehope

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Member Since: Sun, 28th Aug 2011

Number of Share Chat Posts (all time): 8,015
Number of Share Chat Posts (last 30 days): 80

Last Posted: Fri 14:56

Post Distribution over the last 30 days

Fri 14:56

K3vster, you talk about TE-8 - Brian's input to that well & it not producing the results that were hoped for........but Brian had only just joined us & I get the distinct impression that he would not have drilled at that particular location had it been his decision. Some people on this board try to connect Brian to failure but it just doesn't wash with investors who are paying attention.The Badile well location was not down to him either. The next well location can be solely attributed to Brian Mitchener (in conjunction with Schlumberger) & should be the first well that Brian is judged on.
Fri 14:09

Hallowed, funding is a non-issue. Raising money at half billion cap would hardly be noticed. If more cash is needed James & Marco have proved to be very financially innovative so it won't be a problem. Also, OGIF & associates AFG (Advisory & Finance Group) have made an offer to finance the spur pipeline. The Indicative Proposal is provided by AFG on behalf of a range of institutions, including shareholders of OGIF. We also have around £30 million of cash reserves so there really is no need to worry about finance. Our major risk factor will be drilling a further three wells.......but the quality of seismic is apparently very good so hopefully we can reduce the risk even further than we hoped.

Thu 19:40

Shaun, but that premise is like assuming that Badile was always going to be success & its subsequent failure has somehow been an unexpected cost deduction to shareholders. Sound Energy shareholders didn't purchase Badile as a going concern.......we are an exploration company. There will be a writedown related to Badile & that is the nub of the argument that purports the imminent Coro shares are not absolutely free........but when I look at my trading accounts & see those shares I am going to smile because I didn't have to wire the cash to pay for them.........l

Thu 18:59

Davey, semantics! We could talk all night about whether these Coro shares are free & the cost implications.....the fact is we Sound Energy investors are going to be the recipients of shares to the tune of 1 to every 5 shares held in SOU! How about we use the term 'Special Dividend'.........would that appease the 'nothing in this world is free' Brigade?
Thu 18:20

Ducati, wish I had spare sovs to 'top up' to qualify for more free shares! Whoever said money doesn't grow on trees
never envisaged the kind of handout we are about to!

Thu 17:53

How many O&G companies on the AIM offer their shareholders non-charged for shares in new companies? After our long & protracted experience in Italy, I am over the moon that we have been offered 'free' shares in a new entity. I am not paying for them so it is axiomatic they are free! We have gone down the permit route & can pass on our expertise to Coro - the fact our last well in Italy was not a success doesn't imply that we PIs have 'paid'........on the contrary, we have all made from our failure - just not as much as we hoped to is all! We are not losing is the salient point when considering our curent good fortune with the advent of Coro!
Thu 17:10

Primetime, rub it in why don't you! Like an open sore with salt massaged in, you infer that anyone who doesn't have any Sound Shares is going to miss out on all those free Coro shares & feel the pain & anguish as that realization dawns! Anyone worth their salt might consider buying some Sound shares to get in on the AIM deal of the year!

Crude......take that post with a pinch of salt!
Thu 16:35

I can't believe that I left my computer to answer the door & when I came back to look at the Sound Energy board I found the Papua Min board instead. I don't ever invest in mining (I stick to what I know - hydrocarbons) & have never previously heard of PML! Is this a sign I ask myself? A low market cap company & after a cursory glance at posts there seems to be optimism........but don't worry, although it is contagious & endemic on the AIM there is a cure to 'optimism'........just buy shares in 5 or so AIM companies & you'll be cured! But I am now asking myself: should I take a punt on PML bearing in mind how it suddenly appeared on my PC?

Crude.......apologies for my musing but I was surprised & I do believe in fate!

Thu 15:57

Southerncross, I am pretty certain that info has not been imparted to us PIs yet........but it would cause a stir if it was announced. I guess the vote has to be carried first before any cut-off date is announced so as not to encourage the buying of Sound Energy shares before the new Company is registered.
Thu 15:39

Rollonsummer, you seem to be missing the point of a bulletin board - to chat, speculate, gossip & theorise. Give my regards to 'Desperate Dan'...................

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