So we have a CHAT board but at certain times we are only aloud to discuss certain parts of the portfolio? When did that rule come in? It is not even as though I am talking off topic. Ok filter me and just keep those blinkers on.
I cannot think of many industries that are as slow moving as this, perhaps pharmaceuticals, so I am often amazed at the amount of staff needed for projects. I simply do not buy this argument about concentrating on one drill at a time. Things move so slowly, why not? We have 2 countries with offices, I don't believe that the Morrocan team and the Schlumbereger world class experts need the help of the Italian team. I mean, most of the time what does everyone do all day!? Likewise, why can't our Italian team deal with Nervesa? What is so pressing that no one can deal with this? People can communicate easily over long distances these days or hop on a plane at very short notice. I really think a success at Nervesa will give useful cash, unless we sell Tendrara, we are years away from monetising it. And help to restore some credibility in our Italian portfolio. Look after the pennies and the pounds will look after themselves.
Yes, I invest in some risky shares, but I am overall a cautious person. But I do take calculated risks. I do quite a lot of research and I don't invest in these risky companies lightly. I always like to see the whole picture and not just get carried away with one thing. Here is an analogy that might help a couple of people understand my thinking, not that I really care, or that it matters if people do, I like people to be able to think for themselves and if I can help n any way I am happy. So, one of my sons has just taken his GCSEs. A very important time and over the last few months I have been giving him a lot of my focus and attention. However, I still feel it is important to help his younger brother with his maths homework..... So yes Nervesa might be less important, but it still forms part of my investment, it is part of my portfolio and my younger son still deserves help and support....I am very confident about Tendrara ( mind you I was about N2 ), but there is still a small chance we will have to fall back on Nervesa. I'll post a bit more rubbish in a minute....
I'm presently on holiday and was very pleased to see the rise on Friday. Could someone confirm if this was on the back of results expected next week from Morocco or is there something else I have missed, thanks. By the way I have always James's words of our key projects having a three digit price potential ringing in my ears.
Joe I asked about replacing the revenue that it was supposed to provide but not specifically about what they are going to do with it. That is what prompted the conversation about re-balancing the portfolio with producing assets. I really feel now that it will not be revisited any time soon and is really not important anymore. Maybe if everything went pear-shaped with these 3 projects but otherwise if we have success it will be insignificant.
Well done Wales btw - great performance last night - I hope the English team are suitably embarrassed
Nervesa Update Mon, 16th May 2016 07:00 RNS Number : 2642Y Sound Energy PLC 16 May 2016
16 May 2016
Sound Energy plc
("Sound Energy" or the "Company")
Sound Energy, the European/Mediterranean focused upstream gas company, provides an update on the Nervesa discovery, onshore Italy. The Company has now completed the second static profile referred to in its 14 March 2016 announcement. This static profile has confirmed a continued reduction in reservoir pressure which suggests that not all completed reservoir levels are in production. As a result, the Company intends, subject to UNMIG consent, to shut-in the well early next month and to plan for a remedial re-perforation of selected layers of the reservoir in due course.
The Company will also evaluate the possibility of a potential updip sidetrack of the well.
Well 3 million shares were added to the register since the start of June so if they were from the 10.4p warrant issue then that's a nice profit. A certain Mr Davies had about 10million of those if I remember correctly - maybe the personal reason was that Mrs Davies wanted an extension built? Who knows - but the 18p is an odd price for the time of the transaction.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.