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Sound Oil Share Chat (SOU)



Share Price: 12.375Bid: 12.25Ask: 12.50Change: 0.25 (+2.06%)Riser - Sound Oil
Spread: 0.25Spread as %: 2.04%Open: 12.125High: 12.375Low: 12.125Yesterday’s Close: 12.125


Share Discussion for Sound Oil (SOU)


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soundboy
Posts: 119
Off Topic
Opinion:No Opinion
Price:11.00
Wishing all.
24 Dec '14
A happy Christmas and a very happy sound year.
 
JoeCreed
Posts: 3,315
Off Topic
Opinion:No Opinion
Price:11.00
2015
24 Dec '14
If, and I mean IF, all that happens, and we get first gas from Nervesa 1 (first gas now says 2015, it used to say mid 2015 I think) as well, imagine the news flow. We will be getting RNS on average every fortnight IMO! Fwiw I think something pretty significant is going to have to change to make all this possible. Not least the bureaucracy! This has to improve beyond recognition. There is also a lot of funding need. ( Antrim £10m cash fund hoped for?) And farm outs on at least 2 projects.
This would make for an incredibly exciting 2015. But I just can't see me this time next year looking back and thinking well that all happened and went according to plan. I see three possible outcomes...

It all happens as stated

It all happens as stated but by the end 2016/17

Seismic shift for whatever reason. New funding/takeover/merger/selling of asset/projects outside Italy...

I am confident that by my original target exit at 2017 things will be very rosy, but will take probably that time at least to get there. I await the new website with interest for any further clues!
JoeCreed
Posts: 3,315
Off Topic
Opinion:No Opinion
Price:11.00
CEO on strategy from website
24 Dec '14
"The journey continues during 2015 with the drilling of three appraisal wells (a well addressing the Southern lobe of the Nervesa discovery, a long reach deviated well addressing the Laura discovery and a well addressing the Santa Maria Goretti discovery), and one exploration well – Badile. The Badile gas prospect, onshore Po Valley in North Italy, is the largest and most strategic of our Italian assets with a gross best estimate NPV10 of Euro 486 million. It is our intention to farm out and then drill Badile mid 2015 with a view to capturing the upside NPV, which exceeds US$2 billion, and then move onto Zibido (a twin prospect, world-class in its own right, on the same licence)."

It no longer says underneath that it was updated in August 2014. And I think it is the first time is mentions the second Nervesa drill being done in 2015. Someone please correct me if I am wrong.
JoeCreed
Posts: 3,315
Off Topic
Opinion:No Opinion
Price:11.00
Antrim part 2
24 Dec '14
Even stranger, we never even had our own RNS to say we even made the bid! So I suppose the are plenty
Of fairly passive investors that haven't known about this all along.
JoeCreed
Posts: 3,315
Off Topic
Opinion:No Opinion
Price:11.00
Antrim
24 Dec '14
The odd thing about this to me is that if you are a Sound oil shareholder, that relies wholly on official announcements, you wouldn't know that our offer was rejected. Surely you wouldn't have to rely on other research?
crudehope
Posts: 3,455
Observation
Opinion:No Opinion
Price:11.00
View Thread (2)
RE: Wishing all
23 Dec '14
Testpack, Juno, Pablo & all -Happy Christmas.

Ducati, good article. Thanks for posting.

Crude
pablo2
Posts: 6,297
Off Topic
Opinion:No Opinion
Price:11.00
Xmas
23 Dec '14
Yep, Merry Christmas to all Sound people. NewYear's wish - change our name to Sound Gas in 2015 and then watch it fly!
testpack3
Posts: 661
Off Topic
Opinion:No Opinion
Price:11.00
View Thread (2)
Wishing all
23 Dec '14
a Happy, Peaceful Christmas, and a Healthy, Prosperous 2015. And let us all hope for some Peace in the World.
Mr.B
Posts: 267
Premium Chat Member
Research
Opinion:No Opinion
Price:11.00
Ducati2
23 Dec '14
Old news (Aug'14) but still relevant me thinks.

Could be good for Sound Investors but pants for the rest of Italy.

http://uk.reuters.com/article/2014/08/26/ukraine-crisis-gas-italy-idUKL5N0QV30B20140826
gus7
Posts: 104
Off Topic
Opinion:No Opinion
Price:11.00
bingo
23 Dec '14
back at 11, few nice buys. gl all sounders





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