Edison report put Badile at 41p. That's from their reserve estimates. Obviously if prices increase marginal resources are transformed into reserves, Not that important here as its gas reserves and we haven't seen the price drop. Well positioning is a factor with optimised well placement to ensure we find the maximum levels of natural pressure. The bare minimum to reduce capital outlay and cover an adequate production horizon.
I personally don't think it's right to guess the value of a project to the SP value. The outcome of the project would define it accordingly, surely saying what it's `worth` prior to it's results or decent relevant RNS it's just ramping of sort.
"At first glance it would appeared that there was very little of a positive nature to take away from yesterday's unfilled gap to the downside towards and below the 200 day moving average of 13.84p for Sound Oil. This is particularly so as the 200 day line is traditionally the technical boundary between the bulls and the bears. However, the way that the shares managed to rebound yesterday from below the 200 day line after a low of 12.7p does suggest that there is genuine buying interest here, a point which is backed by the apparent surge in buy side volume. This combined with the way that the RSI now at 23 is deeply oversold does suggest that we have a dip to buy into rather than an excuse to exit this situation in the wake of a solid January to April bull run.
Perhaps the best way forward here is to regard Sound Oil as a recovery play what is while there is no end of day close back below the 20 day line, with any cautious traders waiting on an end of day close back above the top of yesterday's gap at 17.5p before assuming that the rally from January is about to resume. The initial target here on the upside above the gap top is seen as being the 50 day moving average at 20p, while the overall hope would be for 25p plus 2015 resistance to be recovered next 2 to 3 months."
Joe, we have guardian angels in Europe who watch over us in times of peril. I think Continental must be supporting us with some share buying. They are well under the proscribed limit & can surely step in when a confidence boost is needed - Especially to support the 'OO'..........just my thoughts but WTFDIK!
ponkey, I used to post at ii but got fed up with one or two posters and moved here - so I can't see why Steelwatch wouldn't make the move; he'd be more than welcome by you & I & everyone else. He knows the history of our company as well as the longest serving (sometimes suffering) of us. Come on Steelwatch, make the move?
Your not wrong, been in AIM for 3 years and got major burns from NEW but live and learn. Just glad that lesson paid off with Sound. Stay put and believe in a CEO such as James. All - Conference call - this isn't for James to say sorry this is for him to tell us of the next instalment of the Sound journey. Looking at the share price and II meetings lined up it's got to be good news, possibly RNS tomorrow or Friday morning
Remember JP said we are a little spoilt for choice regarding a strategic partner. That would be some event to pull together for Friday? But you never know as JP will be wanting to show we can make massive deals.
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