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Sound Oil Share Chat (SOU)



Share Price: 10.75Bid: 10.50Ask: 11.00Change: 0.50 (+4.88%)Riser - Sound Oil
Spread: 0.50Spread as %: 4.76%Open: 10.25High: 10.75Low: 10.25Yesterday’s Close: 10.25


Share Discussion for Sound Oil (SOU)


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Appiamma
Posts: 625
Off Topic
Opinion:No Opinion
Price:11.00
MGW
27 Oct '14
Sound Oil, in collaboration with Continental Investment Partners held a marketing event over the weekend in Europe. Continental are very important to Sound as 20% holders of their equity and with £7m of debt from their investment earlier this year and remain very supportive. Indeed in September Sound announced that they were no longer pursuing a farm-out of Nervesa but that CIP had arranged £5.8m of Reserve Based Lending for the project.

This marketing event that only used existing publicly available information, enabled presentations to be made by the Company, CIP and outside consultants, of which I was one. These presentations re-enforced the quality of the story which I have been so keen on this year, with onshore gas in Italy now covering the company’s G&A costs and an exciting amount of exploration upside in the short and medium term there is both downside protection and potential for growth. The nature of the conference, which targeted primarily high net worth European investors, showed not only the support and commitment by Continental but also that the management is able to demonstrate to prospective and existing investors that they are skilled and energetic at telling their story. The management have a realistic set of operational and financial targets and 2015 will be very interesting, the shares look most appealing at 11p

- See more at: http://www.malcysblog.com/2014/10/oil-price-ophircepsasalamander-sound-oil-trinity-bowleven-sundry-jacka-gkp-green-dragon-wessex-results-week-and-finally/#sthash.uzffHooK.dpuf
 
Trisse
Posts: 429
Off Topic
Opinion:No Opinion
Price:11.00
View Thread (2)
RE: Bmd
27 Oct '14
I guess so! Looking forward to Peel Hunt note as well
JoeCreed
Posts: 2,778
Off Topic
Opinion:No Opinion
Price:10.88
View Thread (2)
Bmd
27 Oct '14
Will probably run with this.
And maybe a Malcy blog?
JoeCreed
Posts: 2,778
Off Topic
Opinion:No Opinion
Price:10.88
Appiamma
27 Oct '14
Nice.
Trisse
Posts: 429
Off Topic
Opinion:No Opinion
Price:11.13
European Investor Meeting
27 Oct '14
Apparently it went really well. MGW held 2 succesful presentations and Peel Hunt will publish a note about SOU this week.
Appiamma
Posts: 625
Off Topic
Opinion:No Opinion
Price:11.25
RE: 11.25p paid
27 Oct '14
Joe a tweet from Stefania today:

Back in UK... Sound Oil European investor: a real success! update soon via @mgrahamwood @soundoilplc @BrokermanDaniel
JoeCreed
Posts: 2,778
Off Topic
Opinion:No Opinion
Price:10.63
11.25p paid
27 Oct '14
I wonder if Jp did have that meeting/ presentation over the weekend?
JoeCreed
Posts: 2,778
Off Topic
Opinion:No Opinion
Price:11.00
Permits
26 Oct '14
I think what frustrates a lot of investors, and potential investors, is the perceived lack of progress with the drilling program. Back in January there was an RNS talking about five drills in 24 months, before that I think it was four drills in 18 months.....so far we have only drilled the Casa Tiberi discovery.
Not the fault of Jp/Sound oil, just the way Italy is. There has been plenty of talk about change, but to us investors there is no sign of this yet. People are very fickle in aim, they leave very quickly if nothing is seen to be happening.
We could have farm in offers, but are relying on permits...
I feel something radical is around the corner. Looking forward to new updated website 'around' mid November.
JoeCreed
Posts: 2,778
Off Topic
Opinion:No Opinion
Price:11.00
Crude
26 Oct '14
I think lgo have another nearby field to explore as well in Trinidad when finished with the current one. They did a deal a few months ago if my memory serves.
crudehope
Posts: 3,309
Observation
Opinion:No Opinion
Price:11.00
View Thread (2)
RE: New here
26 Oct '14
Soundboy, yes it look like something might be imminent. Monday could be interesting....

I don't see why our market cap can't be up there with the likes of Leni & President Oil (PPC). Leni are currently producing over 1000 bopd - but as yet they are not making any more profit than we are - interims stated £675k for a 6 month period. They have a nice size field down there in Trinidad with some 60 million barrels, but they are going to need 30 step out wells to produce it's maximum output....all on a falling market & all taking time. As far as I know they don't have any big exploration projects.

President Oil look exciting at the moment as they are waiting to see just how much Crude they have discovered in the Chacon & look to be quite cheap at the moment on £118 million cap.................that could shoot up before Christmas - however, they have already doubled in price with the news of Chacon.

Our story is much simpler & more crucially - with much less cost. We do, however, have permit issues. No one is perfect! But once these issues are resolved we can match Leni's £139 million market cap & if Badile is successful leave them behind in our slip stream!

Crude DYOR as standard & if I have misrepresented the above Companies please correct me.





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