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Sound Energy Share Chat (SOU)



Share Price: 17.00Bid: 16.75Ask: 17.25Change: -0.125 (-0.73%)Faller - Sound Energy
Spread: 0.50Spread as %: 2.99%Open: 17.125High: 17.25Low: 16.875Yesterday’s Close: 17.125


Share Discussion for Sound Energy


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luckyman2
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:17.00
RE: News?
Today 17:48
Crudehope
I will have a word with JP the next time we meet.
 
crudehope
Posts: 5,028
Observation
Opinion:No Opinion
Price:17.00
RE: News?
Today 17:06
Cheers Luckyman. What's that you say - I should be a non exec Director promoting Sound Energy across Europe & the States, specializing in senior investors. Where can I apply lol...........

Crude
Ducati2
Posts: 1,622
Off Topic
Opinion:No Opinion
Price:17.00
RE: News
Today 17:01
Good update Crude,once the web cam arrives at Tendrara and the ground works start............well I think we won't be able to contain our excitement once we spud. Waiting for results is going to be unbearable. Very exciting times ahead,what a great place JP has got Sound Energy into and a team in place to succeeded. Hit the first well and it really is game on.
luckyman2
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:17.00
RE: News?
Today 16:58
crudehope
Good wite up
You should be doing some roadshows to help promote us to the wider public and Mum and Dad investors.
crudehope
Posts: 5,028
Answer
Opinion:No Opinion
Price:17.00
View Thread (2)
RE: News?
Today 16:35
Continues........I recommend listening to our latest Conference Call: http://www.soundenergyplc.com/investors/video-and-audio-library.aspx

CEO James Parsons sets out his view of the current oil & gas climate by stating that Sound Energy are in the 'calm eye of the storm' & posturing that we are a pure on-shore gas play with a strong cash balance & exciting assets to drill - not affected by the current disastrously low oil price. Well worth a listen.

http://www.soundenergyplc.com/investors/video-and-audio-library.aspx

Hope this helps wet the appetite of anyone thinking of joining Sound Energy. A company on Malcy's famous 'bucket list' & one that has been nominated for best oil & gas company 2016.

Crude
crudehope
Posts: 5,028
Answer
Opinion:No Opinion
Price:17.00
View Thread (2)
RE: News?
Today 16:28
Cabby, Let me, for the sake of you & any potential new investors give you a brief run-down of what Sound Energy are about.

We are a pure on-shore gas play (we do have some Italian off-shore but that's not relevant right now). We are fully funded for 2016 with circa £20 million cash reserves. We are producing revenues that will cover our entire G&A from Summer onwards - so no cash burn. We have two large gas prospects in Italy (Badile & Zabido), one of which (Badile) is awaiting final drill permit. We have a cornerstone investor in Continental Partners who hold over 20% of our stock, some of which was purchased at 19p. Our biggest asset is CEO James Parsons, who is financially astute & innovative & is very dynamic. He is very much about bringing low risk assets into production whilst giving investors access to potential high upside with some pretty big on-shore prospects. He likes to mitigate risk through partnerships. To this end he recently partnered with billion dollar oil field services group Schlumberger whilst building a portfolio of assets in Morocco. We have a 5 well program about to start this Spring. Two new wells (TE-6 & TE-7) will be drilled on our Tendrara acreage with a workover of previously flowed TE-5). Tendrara is a gas discovery with two previously flowing wells (TE-5 & SBK-1) . We have 55% equity & together with Schlumberger we should spud TE-6 in April. The well will be drilling the Tagi formation that is analogous with the huge gas fields in neighbouring Algeria. The license (with SBK-1) to the south West looks so promising that our CEO recently signed an option to purchase block 109, which is adjacent to that SBK-1 well. In fact Shell Oil recently bought into the huge block 189 which all but surrounds our Tendrara & block 109 licenses - that's how promising it is! Whatever gas & condensate that is found Schlumberger get a 50% split with us for covering approx 78% of drill costs - leaving us minimal exposure to our cash reserves. We leverage off Schlumbergers technical expertise & balance sheet. After drilling Tendrara we move on to our other license - three blocks that constitute our Sidi Moktar license. This, again is a previous discovery that has had roughly $30 million plus spent by the operator. The discovery constitutes two wells on the Kechoula structure & all we have to do is an extensive well test tohopefully bring them into production. There is multiple TCF potential on the wider license, as there is with Tendrara. In fact our CEO has more than once proclaimed that Sidi Moktar, Tendrara & Badile each have triple digit sp potential. In the success case Tendrara has an NPV10 net to Sound of £250 million (10 times that in the wider license). So with no debt, a cash rich balance & expert partners Schlumberger, ground works start soon with 1st well in April. This year could be utterly transformational.

I recommend listening to the latest Conference
testpack3
Posts: 940
Off Topic
Opinion:No Opinion
Price:17.00
soundboy
Today 16:21
Talking to yourself again then. lol
Cabby30
Posts: 3
Off Topic
Opinion:No Opinion
Price:17.00
News?
Today 16:05
Thanks for that, so some news soon then?
luckyman2
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:17.00
RE: News?
Today 15:55
We are planning to drill/flow test 5 wells so far this year with massive upside potential.

News expected here every month till the end of the year at least.
This will be your next 88E.
Cabby30
Posts: 3
Off Topic
Opinion:No Opinion
Price:17.00
News?
Today 15:31
Hi all, just invested some cash in 88e and all looks good, with a decent profit so far. I`ve been looking here for a while and reading some interesting posts, can anyone tell me when, news is expected, as i`m quite keen on investing? Thanks




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