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Sound Oil Share Chat (SOU)



Share Price: 10.00Bid: 9.75Ask: 10.25Change: 0.00 (0.00%)No Movement on Sound Oil
Spread: 0.50Spread as %: 5.13%Open: 9.875High: 10.00Low: 9.75Yesterday’s Close: 10.00


Share Discussion for Sound Oil (SOU)


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JoeCreed
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:12.13
Nervesa
29 Aug '14
If we get the permit during September we will be ready to drill or drilling by October. Has anyone had any contact from JP in general about permits? Presumably not too concerned that it won't happen.
 
JoeCreed
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:12.13
Next news
29 Aug '14
What do people think will be the next rns?
crudehope
Posts: 3,095
Observation
Opinion:No Opinion
Price:12.13
View Thread (2)
RE: Existing discoveries
29 Aug '14
Ducati, don't forget the 'hidden gems'. I am of the opinion that since JP didn't want to publish the full CPR on SMG, there my be a nice surprise on that license. Otherwise why not publish? He said he didn't want to give away too much to our competitors.............maybe there is an ace up the sleeve!

Crude
JoeCreed
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:12.13
PNE79
29 Aug '14
I totally agree re Niche.
Ducati2
Posts: 536
Off Topic
Opinion:No Opinion
Price:12.13
View Thread (2)
Existing discoveries
29 Aug '14
Laura and SMG are both existing gas discoveries which the Company plans to re-drill in 2015, with a combined NPV10 in excess of Euro 100 million.
Ducati2
Posts: 536
Off Topic
Opinion:No Opinion
Price:12.25
Re Predictions
29 Aug '14
PNE79, I have been invested in Sound a long time, there is just something that got my attention about all the drills that are Existing Discoveries. The value is there to be released to the company,with James steering us in the right direction and Badile in the waiting there is a lot to like about Sound. As you say about BMD I agree, but it's raising the profile for Sound. Price predictions, well that depends on SMG and Laura wells, The Company is going in the right direction.
crudehope
Posts: 3,095
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (2)
RE: crude
29 Aug '14
PNE, I wouldn't mind if I could go sick.......but I'm on holiday! I've just started running 10ks when this happened. Not as bad as you though........you sound really sick! Gargling with disolvable Aspirin is supposed to be good.........

Crude
PNE79
Posts: 922
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (2)
RE: Predictions
29 Aug '14
I'm wary of anything BMD says and his motives. He has been ramping sound to death recently, does he use his blog to enhance his own holdings or is he a great, honest, independent blogger.......... He's basically mentioned everything between 18p -100p and eludes to takeovers and talks etc in the article. I'm not saying he will be wrong, the publicity is great, but a big pinch of salt comes to mind for me.
PNE79
Posts: 922
Off Topic
Opinion:No Opinion
Price:12.13
niche
29 Aug '14
My personal view is, if the CoS is anything like the numbers being suggested. ie circa 90% then we should go it alone. We have the money and the odds are hugely in our favour. He who dares wins Rodney!!!!!!!!
Ducati2
Posts: 536
Off Topic
Opinion:No Opinion
Price:12.13
View Thread (2)
Predictions
29 Aug '14
At the moment it looks like the SOU sp is in a holding pattern. No real movement either way at 12p ish. September could be a busy month for the Company. It’s been bandied around online that the CEO has been on his holidays and is now back progressing the Company. There’s plenty going on in the business behind the scenes, what with Nervesa approvals, Niche farm in, Badile farm in & whispers of Laura farm-in etc. We do know that, regardless of what SOU refuse to confirm or deny, that they are in talks with at least 2 Major oilers, on farm-in & potential takeover should they come up trumps on Nervesa, Badile, Laura etc.

I did actually hear that some form of ‘chat’ with Rockhopper Exploration (LON: RKH) may have gone on a few weeks ago. How true this is? I’d say 50/50. Recent news has included, the Badile land purchase & long lead items, Nervesa long lead items & well head purchase, Letter of intent with Drillmec Spa for the exclusive use of an AHEAD 375 Drilling Rig in Italy for both the SMG and Laura wells, and first gas at Casa Tiberi. This points to a Company going in the right direction.

Take a good look at the Einstein Equation pictorial. Therein lies the answer to the question we are all asking; ‘How high can they go on more positive news?’ It really is a question of perception for each individual investor. We know that Takeovers or farm-ins of Companies with world class assets, always come at a premium to the current share-price. There are many different schools of thought. Takeover; 60p, 100p, 40p, 50p, Farm-Ins; 25p 20p, 30p, 18p. One thing is very likely, they are going up towards 20p this year.

Do not be fooled for 1 minute by the Company line; ‘The aim is to make Sound Oil a footsie 250 Company’ This will never happen. They will, subject to continued success, be swallowed up.

Logic should dictate your move here. Hold for Farm-In & or Takeover News in 2014.



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