PNE - I have not really expected Rapagnano to do have a significant effect on the SP as the revenue generated is at such a modest level. And to a large degree as it is now fully commissioned the first gas production is little more than a formality so should be priced in. That is what logic says, however I would still expect to see some uplift from here, and coupled with the overdue rig mobilisation and other updates during this (quoted) busy period we could/should see it rise to 10p or beyond. The real key is Nervesa success. If this is successful and there is potential for significant upside from the quoted (standardised) assumptions then it opens so many options for Sound Oil and realising the portfolios potential. One of their presentations stated (from memory) that there were in addition to the previously flowed well, 13 untapped layers of sands that were, or had the potential to be gas bearing. Also it has been stipulated that they have a number of II's who were interested to become involved following a Nervesa success. So 22p following Nervesa? You guess is as good as mine and I have no idea. We are fortunate that despite the process being slow this company is not wildcatting as some of the other more prominent names on AIM have been.
I'm hoping news on first gas at rapa will push us up to the 10p mark. What will success at neversa bring, how much if anything is priced into our current price? So calling on all soundeees, what do you all think, is the following reasonable - Rapa 10p Neversa 22p
In today's Money Week by Mathew Lynn headlined: Why big business is turning against the European Union. Amongst other things it states: "In short, a simple cost benefit analysis would no longer favour the EU. The trouble is, the business community was the EU's most natural constituency. If it loses faith, the Eu will find it has very few supporters left"!
Crude..........It seems 'big' businesses are finding out what a whole raft of small businesses have known all along.........too much red tape & associated costs for too little economic gain...........
UKInvestor............do you get the feeling next week could be 'our' week here at Sound Oil?
Rich, in theory the rig could be in transit from it's maiden project, under contract for Tulip Petroleum in Holland. With that in mind, we may get a spud RNS sometime next week. In any case, Nervesa is imminent! Have you checked out the site photos: http://www.soundoil.co.uk/operational-photos Those photos show that we are now just about ready for the rig!
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