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Sound Energy Share Chat (SOU)



Share Price: 15.875Bid: 15.50Ask: 16.25Change: 0.00 (0.00%)No Movement on Sound Energy
Spread: 0.75Spread as %: 4.84%Open: 16.75High: 16.75Low: 15.875Yesterday’s Close: 15.875


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JoeCreed
Posts: 6,437
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Price:15.875
That interview
Fri 23:39
Full of surprises!

Could be three deals.
Could involve whole company takeovers ( that would mean issuing lots of shares because there isn't much cash to spare )
Tunisia and Egypt? Both dodgy IMO. Terrorism in Algeria and Egypt don't like paying ( that one has to be circle oil )
Romania, I suppose that could be med at a push.
Poland, no way is that Med, not that it matters, but the important point here is JP is thinking bigger.
Oil and shallow offshore, my, how things are changing!!
 
JoeCreed
Posts: 6,437
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Price:15.875
b33661
Fri 23:34
Thank you very much, really appreciate it! Joe.
b33661
Posts: 494
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Price:15.875
RE: b33661
Fri 23:31
Last bit. Sorry on phone and large article.

While admitting that the long-term plan for Sound is to get bought out, Parsons says he wants one or more strategic plays to work “before we roll the dice”.

Parsons will be hoping its latest exploration well, on the Tendrara ­licence, will come up trumps.

“This one has a certain scale to it, and if it works it is really big. It is basically Algerian geology that has been producing in some of those Petroceltic and Sonatrach assets.”

The well is due to reach total depth in early June.

“At the end of the day the drillbit does the talking — and we will see soon enough how that plays out,” he says.
b33661
Posts: 494
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Price:15.875
RE: b33661
Fri 23:29
From there, he moved to Santo Domingo in the Dominican Republic, staying in the LPG trade to run the Americas cluster business unit, before heading to Copenhagen to work on the Scandinavian market. Then Shell’s upstream department came calling. “I was running a team of economists and capital budgeting guys that were supporting the European business,” he says.

“We were doing Ormen Lange (off Norway) at the time, some of the big gas fields in and around the North Sea.”

Investment finance After his stint in the exploration and production team, he moved to head up the investment finance division, working on merger and acquisition projects.

“I consider those 12 years at Shell to have been my school,” Parsons says fondly of his time at the supermajor.

Five years at Toronto-listed midstream player Interpipeline followed before Sound Oil, as it was then called, came on his radar.

The company held stakes in two onshore blocks operated by Salamander Energy (now owned by Ophir Energy) and Pan Orient Energy.

However, founder Gerry Orbell came under fire due to Sound’s inability to secure adequate funding, and Parsons was promoted to chief executive in October 2012.

Sound got out of Indonesia and eventually landed assets in Italy, before tying up other deals in Morocco last year to position the company as a Mediterranean gas player.

Parsons is lining up further acreage, with three binding offers currently out — though he would not say for which assets.

“Certainly Egypt and Tunisia are in our crosshairs,” he says, also naming Poland and Romania as possible targets.

With about £30 million ($43.5 million) of cash following a recent debt issue, the company is “relatively cashed up” to chase whole-company acquisitions as well.

Sound would stay onshore or in shallow water, but Parsons is open to the possibility of chasing oil as well as gas.

“I think buying oil in this environment, although we are currently entirely gas, would be really smart.

“If you could pick it up at the current price tag and then just live with it and optimise it for a couple of years, I think you would see a re-evaluation there.”
b33661
Posts: 494
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Price:15.875
RE: Interview
Fri 23:25
Not certain it pasted properly first time. Just in case....

Ex-Shell man Parsons handed UK junior’s top job just eight months after joining
James Parsons is obviously a man born to run. When the Sound Energy chief executive — who clocks up 10 kilo­metres three times a week — joined the UK junior in 2012, he never expected to end up actually running the company.

The former Shell executive initially signed up for the chief financial officer role at the then Indonesia-focused explorer, only to be handed the top job just eight months down the line after the founding chairman and chief executive was shown the door.

Not that the 43-year-old Englishman is complaining, as he has loved every minute of the job that has seen the London-listed player change its focus to the Mediterranean, with assets in Italy and Morocco — and with a third operating country on the horizon.

Apart from his weekly running feats, the married father-of-three spends much of his time on the road, making frequent trips to either Rabat or Milan, with the company’s Italian office next door to local major Eni.

The current trio of prime assets are the Badile permit in the Piedmont Lombard basin, where it has just received final drilling permission, the Sidi Moktar permit in the Essaouira basin in central Morocco and the Tendrara permit in Figuig province near Morocco’s border with Algeria.

But Parsons, who was a competitive swimmer in his school days, has been no stranger to longer hauls in his career.

Studying business economics for three years in Durham, northern England, at the end of his second year Parsons was looking to start earning his keep.

“I didn’t even make a choice to go into oil and gas, I just landed a job,” he says.

“I thought — who pays the most for a summer job? And Shell did. So I took a summer placement with them. After that, they ­offered me a job to start at the end of my third year.”

Attractive option He went into the Anglo-Dutch supermajor’s international finance scheme at its London headquarters, spending the first two years doing his accountancy exams.

While working as a management accountant in Shell’s then trading division, Stassco, a far more attractive option soon opened up.

“They said, ‘Why don’t you go to Brazil?’ I didn’t speak any Portuguese, but I had three and a half years in Rio, which I loved.”

Parsons became finance director of a small liquid petroleum gas marketing company that Shell had just acquired.

“We were selling gas B2B all across Brazil, including up in the rainforest, and I really fell in love with the commercial part of the job.”

From there, he moved to Santo Domingo in the Dominican Republic, staying in the LPG trade to run the Americas cluster business unit, before heading to Copenhagen to work on the Scandinavian market. Then Shell’s upstream d
JoeCreed
Posts: 6,437
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Opinion:No Opinion
Price:15.875
b33661
Fri 23:24
Any chance of the rest.....?
JoeCreed
Posts: 6,437
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Opinion:No Opinion
Price:15.875
b33661
Fri 23:21
Many thanks, Joe.
b33661
Posts: 494
Off Topic
Opinion:No Opinion
Price:15.875
RE: Interview
Fri 23:16
JoeCreed the interview...

Ex-Shell man Parsons handed UK junior’s top job just eight months after joining
James Parsons is obviously a man born to run. When the Sound Energy chief executive — who clocks up 10 kilo­metres three times a week — joined the UK junior in 2012, he never expected to end up actually running the company.

The former Shell executive initially signed up for the chief financial officer role at the then Indonesia-focused explorer, only to be handed the top job just eight months down the line after the founding chairman and chief executive was shown the door.

Not that the 43-year-old Englishman is complaining, as he has loved every minute of the job that has seen the London-listed player change its focus to the Mediterranean, with assets in Italy and Morocco — and with a third operating country on the horizon.

Apart from his weekly running feats, the married father-of-three spends much of his time on the road, making frequent trips to either Rabat or Milan, with the company’s Italian office next door to local major Eni.

The current trio of prime assets are the Badile permit in the Piedmont Lombard basin, where it has just received final drilling permission, the Sidi Moktar permit in the Essaouira basin in central Morocco and the Tendrara permit in Figuig province near Morocco’s border with Algeria.

But Parsons, who was a competitive swimmer in his school days, has been no stranger to longer hauls in his career.

Studying business economics for three years in Durham, northern England, at the end of his second year Parsons was looking to start earning his keep.

“I didn’t even make a choice to go into oil and gas, I just landed a job,” he says.

“I thought — who pays the most for a summer job? And Shell did. So I took a summer placement with them. After that, they ­offered me a job to start at the end of my third year.”

Attractive option He went into the Anglo-Dutch supermajor’s international finance scheme at its London headquarters, spending the first two years doing his accountancy exams.

While working as a management accountant in Shell’s then trading division, Stassco, a far more attractive option soon opened up.

“They said, ‘Why don’t you go to Brazil?’ I didn’t speak any Portuguese, but I had three and a half years in Rio, which I loved.”

Parsons became finance director of a small liquid petroleum gas marketing company that Shell had just acquired.

“We were selling gas B2B all across Brazil, including up in the rainforest, and I really fell in love with the commercial part of the job.”

From there, he moved to Santo Domingo in the Dominican Republic, staying in the LPG trade to run the Americas cluster business unit, before heading to Copenhagen to work on the Scandinavian market. Then Shell’s upstream department came calling. “I w
soundboy
Posts: 1,028
Off Topic
Opinion:No Opinion
Price:15.875
Goodbye
Fri 22:43
To all my good friends here.I'm going back to the other board.sad to say the bullies have .I wish the likes of crudeoil. .joecreed. .thelargerkhan.
Ducatsi2.
Pne79.

Crude hope. .luckynan2. .boom boom.

Sorry if missed anyone out.good luck and god bless.the bullies OPPORTUNITY and AUDIBLE ENERGY
have broken my heart
Cannot bear to be. here whist they are here maybe just maybe I might catch them at one of the sou meeting.that will make my day.
JoeCreed
Posts: 6,437
Off Topic
Opinion:No Opinion
Price:15.875
Interview
Fri 22:25
Did JP actually mention Poland and Egypt?




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