I'd imagine it's not insignificant, by the way I have a vague memory that Mohamed Al-Fayed had a holding, or a fund he is associated with. Anyone know if this is still the case? I tried the investors page but it must be too small to be reported. Doesn't really matter just curious as to whether my memory is failing me again.
Given the potential reserves, BoD should be looking to prove up as quickly as possible. To me that means seismic now and options on some further drilling equipment availability for re-entering old wells in early Spring-17. If we spud TE-8 in Jan the drill should not take long as it is vertical hence TAGI and Paleozoic by end March/Mid-April. If we use that time scale that allows 6 months to plan and execute re-entering old drills. Again, BoD should have had this in mind for some time and with Schlum it should be possible to execute quickly. I think when the permit for TE-8 is made public it will include some work not anticipated. This might be the card up JPs sleeve. Tendrara is biggest asset and exploring and proving quickly could wrongfoot majors. Im no O&G expert so if I can work out the above strategy Im sure James with a good deal to gain more than me can too. Helps Schlum out to declare new reserves quickly given weak E&P market impact.on profits.
It would be great to meet up with the loyal PI's at one of the next events. Its not easy with a young family and work commitments but I'm determined to make one. It seems quite a few friendships have been formed through Sound. I'm not invested elsewhere but I can't imagine there are many other shares with such a comradery between investors. A flow rate RNS next week looks likely. Bedtime for me, got an early start. GLA
Pne, sitting next to James in the restaurant, it was from the investor visit to Milan back in January when we went to the Badile site and the Sound offices in Milan. Also at a guess I would say that T8 results will be April and Badile June. Have a good weekend.
Good idea Panther if I can assist in any way let me know but great idea and thanks for making this happen - could be really useful in making this work to the best advantage of the PI's however Sound develops
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