Horsey, the nature of these small cap O&G companies is their potential game changing assets are exploratory and carry risk. For instance, companies like NEW, BPC & TRP all have potential game changes........but none have anything else to back them up. They are a pure out and out gamble. I was talking to James Parsons yesterday and one thing I said was 'when are the so called 'hidden gems' going to be revealed'? He said that in the event Badile disapoints we have other quite considerable exploration plays to fall back on. I said I thought SMG contained some extra potential & he didn't deny it. The point is, if the previously mentioned companies drill a dry hole, like TRP & NEW did recently, it can destroy their value. We are in an enviable position whereby we do have much less riskier assets. If you, or anyone else are looking to trade from here, you may have a little wait. But from an investors point of view, patience will eventually pay....imo. I do take your point that we have plateaud for now. But partners and permits for our big assets will increase our cap. Badile is a risk, but the share price would recover and grow as other assets come on stream in the event of failure in the Po Valley. An in house COS of 28% & some, as yet, undisclosed knowledge that seems to be exciting the CEO & Lucca Mededu regarding Badile and it's chances of success make Sound Oil an exciting play.
Hi Crude Yes, I would agree that there are far riskier companies om AIM but you still need a big "upside" to make it worth investing and my point was that at 13 pps potential investors have missed the boat unless they're prepared to gamble on Badille (which personally I would not.) At these conferences, I always find it curious how each and every CEO claims to have a "game-changing asset". They remind me of those tipsters that used to turn up at Epsom on Derby day shouting "I've got a horse". The success rate is about the same too.
Horsey........it's hardly venom........more a bit of horseplay! But there are plenty more riskier companies on AIM. We are at least one of the better run companies with lots of upside & plenty of downside insurance....or as the CEO recently said: plenty of 'sex & violence' in the portfolio!
Easy tigers it's friday and everyone is entitled to their opinion if perhaps it came across a bit glib. I do how ever tend to slightly agree with some of his/her sentiment as perhaps until we get Badile dets or Nervesa final permit and spud we may tread water for a bit, and in my own defence i mentioned as much the other day and the fact that I had sold some at 13p but those sells were locking in a trading profit and derisking my position somewhat as i was beginning to feel uncomfortable with its size. Having said all that I still hold a rather large position and am absolutely convinced that SOU will continue to show a good return from here with or without Badile. I suppose what I'm trying to say is that what attracted me to this board in the first place was it's tolerance to other people's opinion's?? Now getting verbose-sorry have a good w/end all! :)
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