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Sound Energy Share Chat (SOU)



Share Price: 51.05Bid: 51.30Ask: 51.50Change: -1.15 (-2.20%)Faller - Sound Energy
Spread: 0.20Spread as %: 0.39%Open: 51.50High: 52.575Low: 51.30Yesterday’s Close: 52.20


Share Discussion for Sound Energy


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PNE79
Posts: 4,360
Off Topic
Opinion:No Opinion
Price:51.05
RE: The more I think...
Today 21:51
Not me SO and I don't think us PI's will get much say until the powers that be are happy. The price may be disappointing relative to the news/results right up until or close to the LE. Although no two acquisitions are the same or companies for that matter your example of Cove Energy and eventual sale was very interesting. I doubt the price will go up in a linear fashion. I'm not saying we will be in the 50-55p range forever, far from it, but I don't necessarily see us breaking new ground on each news release. True value might have to wait until the final chapter. That doesn't mean to say we could and should be much higher in the near term.
 
Kennie
Posts: 1,089
Off Topic
Opinion:No Opinion
Price:51.05
RE: The more I think...
Today 21:50
Good results from the first seismic and you would be mad to accept a low ball offer rather than waiting a couple of months for the results from the next two to give us an overall total. 9/17/31 TCF anyone? Not to mention Sidi.
Soundingoff
Posts: 2,312
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:51.05
RE: The more I think...
Today 21:33
I suppose it's how you view it Shed. That in my book was bravado pure and simple from JP. Brian's comment is one to aways bear in mind whichever O&G company you are invested in... As you say, the COS was mentioned plenty of times and that should have been the overriding factor for us. The 'just missing' comment is one for us to park, but I do wonder if it will have any bearing on Coro and future drills in the area.

Your £1-2 comment is interesting though. You have clearly given thought to your investment and the future. And this is why I say anything can happen from here on in. Good results from the first seismic and a low-ball offer comes in. Some will want to sell, but how many?
SoundasaPound1
Posts: 29
Off Topic
Opinion:No Opinion
Price:51.05
RE: Interesting take on things
Today 21:31
Soundchew,
That’s a great post and really interesting to hear, thanks. Only a handful of informative posts on here once again today unfortunately though.
Shedulike
Posts: 530
Off Topic
Opinion:No Opinion
Price:51.05
RE: The more I think...
Today 21:17
Soundingoff you say that Badile was "overhyped by investors rather than management" but how often did we hear JP say it was the reason he joined the company, I even remember one swashbuckling comment about it being 'personal' in the build-up to the drill. That's not to mention Brian's 'best geology I've ever seen'. However the COS was always there staring us in the face so I'm not complaining about the outcome, more intrigued by the comments about just missing. Anyway I do respect the balanced opinions of regular posters here who I will always digest so thanks for your thoughts, have to say though I would take anything between £1-2 if offered tomorrow just to end an adventure for which my appetite is waning.
Primetime51
Posts: 217
Off Topic
Opinion:No Opinion
Price:51.05
View Thread (2)
1st CPR
Today 20:58
should be landing in the next 4/5 weeks.
Well can't wait for that to be picked to pieces. Lol
No underwear were harmed in the writing of this piece
PNE79
Posts: 4,360
Off Topic
Opinion:No Opinion
Price:51.05
RE: Email from JP
Today 20:56
As long as he doesn't tweet that his drill bit is bigger than shells drill bit and it works then I will be happy.
Mooncheese
Posts: 1,729
Off Topic
Opinion:No Opinion
Price:51.05
View Thread (2)
RE: Email from JP explaining 12-18m..
Today 20:56
Thanks SWYW - really good information.

'We will complete the seismic by the summer and we will drill three material exploration wells. My strategy remains to sell the business after the results of these two are final. I believe in the huge potential of Eastern Morocco and also believe I can demonstrate this potential externally around the end of this year with these two items in the bag.'

Couldn't be clearer. Assuming we will not drill before seismic is completed, we now know the LE is unlikely to be before Q1 or Q2 2019. There may be a 4th drill if one of the 3 is unsuccessful, or if there is a prospect too good to leave. Regards our $29m cash balance, as James would say, it just won't cut it. Too, the buyers might not agree that JP has demonstrated the potential with just these 2 items in the bag - Let's hope so, otherwise we have a long haul, like Hurricane. As someone mentioned earlier today, a lump sum and ongoing payments as further tcf's get proved up looks perhaps the better option for the LE (and such an offer could still come in at any time; it's just it is likely to be a lot less imo without the drills). I would have liked a bigger drilling programme; others would have liked no drilling - but I am happy with knowing that at least there will be some drilling now. Patience needed - Good Luck All.
esoxesox
Posts: 1,555
Observation
Opinion:No Opinion
Price:51.05
View Thread (2)
RE: Email from JP
Today 20:51
Cannot wait for James to play the "Trump"card.

Esox.
PNE79
Posts: 4,360
Off Topic
Opinion:No Opinion
Price:51.05
View Thread (2)
RE: The more I think...
Today 20:50
SO.......I'm still number one ramper on pumped or dumped but the gap is closing....lol.

That's what the board is all about for me, learning, sharing information, debating with likeminded people etc and even having a laugh at times. I think we have all disagreed with each other at some point, it would be pretty dull and pointless if we were all signing from the same hymn sheet. I've changed my viewpoint many times over the years based on the explanations and understanding of a subject by others.
What I don't understand is those who visit the site purely to moan and constantly moan for no other reason to moan, moaning for moaning sake, like it makes any difference whatsoever. Its not healthy for the heart or soul.




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