Register
Login:
Share:
Email Facebook Twitter

SOU Share Chat - RSS Feed

Sound Oil Share Chat (SOU)



Share Price: 12.00Bid: 11.75Ask: 12.25Change: 0.00 (0.00%)No Movement on Sound Oil
Spread: 0.50Spread as %: 4.26%Open: 12.00High: 12.00Low: 12.00Yesterday’s Close: 12.00


Share Discussion for Sound Oil (SOU)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


esoxesox
Posts: 632
Observation
Opinion:Buy
Price:12.75
View Thread (2)
SOU /LGO
2 Sep '14
Neck to neck on the final straight,
What a day im having.
My two favourite shares battling it out.

Esox.
 
Ponkey
Posts: 98
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (3)
Questions
2 Sep '14
Crude you beat me to it.he also said he was going to Italy to" push a couple of things forward"
crudehope
Posts: 3,116
Observation
Opinion:No Opinion
Price:12.75
Questions.....
2 Sep '14
Just emailed JP with a question re the second Nervesa well and the chances of water cut: He said the second well is the lower risk of the two with an in house COS of some 90% & because it is up-dip of the original ENI well they don't envisage any water ingress.
I asked about Niche & he did meet them last week to discuss some issues Niche are facing & how the Nervesa farm-in could help off-set those issues. He is still reasonably relaxed as to whether the deal goes ahead or not - "there are arguments both ways" & "3.6 to 1 is a very strong carry arrangement" & that he hasn't seen any other sector deals at this level for a long time. Just caught him before he boarded his plane to..................Italy!

Crude.......anyway we fund it......Nervesa is looking good........& don't forget those 'hidden gems'......some of them are on the Carita License. That second well may well prove to be a 'hidden gem'!
JoeCreed
Posts: 2,284
Off Topic
Opinion:No Opinion
Price:12.75
PNE79
2 Sep '14
IMO it is not a matter of Sound taking up the Niche offer, I don't think Niche can raise the cash to do the deal. The deal was originally supposed to be done by end of H1. They only had an agm in August about raising funds, if my memory serves me correctly.
We should of at least had DD done by now. Also, there wasn't the usual bottom of the page mention of the proposed farm out in this morning's rns. Maybe I am reading too much into it though.
I really feel we should and will get an update about this soon.
Thanks, Joe.
PNE79
Posts: 923
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (2)
RE: Nervesa farm out
2 Sep '14
If cos is 90%+ then I cant believe we won't go it alone. Nothing is certain but 90%+ is well worth the gamble. If cos is more like 75% then a farm out is sensible and with time getting ever closer to spud I expect the niche offer to be taken up.
Why are the Edison cos figures lower than in house, is it a case of wishful thinking on the managements part.
Ticktock1984
Posts: 240
Observation
Opinion:Strong Buy
Price:12.75
SOU
2 Sep '14
JoeCreed
Posts: 2,284
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (2)
Nervesa farm out
2 Sep '14
What do people think about this?
Are Niche still going to be our partners?
Would be interested in any thoughts, thanks, Joe.
JoeCreed
Posts: 2,284
Off Topic
Opinion:No Opinion
Price:12.75
PNE79
2 Sep '14
In house cos on Badile is 28%
PNE79
Posts: 923
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (2)
RE: PNE79
2 Sep '14
I thought so myself, also I thought badile was closer to 30%. I've taken my figures from the Edison report. Either way talk of 40p is still premature.
JoeCreed
Posts: 2,284
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (2)
PNE79
2 Sep '14
I think cos for Nevesa 2 90 %. Think I had that in an email reply from JP some while back, I'll take a look at the website if I get a chance later.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.