Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Also looking at the map shell are in another permit next to ours ... looking more hopeful at last
Correction:
' ... particularly on the exploration acreage we have, we've got interested parties coming in to look at our exploration... ConocoPhillips has just come into Morocco and taken acreage right next to ours... we'll certainly consider farm-ins but it has to be a good deal for SOU shareholders.'
At about 13:30 in this interview, GL said: ' ... particularly on the exploration acreage we have, we've got interested parties coming in to look at our exploration... ConocoPhillips has just come into Morocco and taken acreage next to ours... we'll certainly consider farm-ins but it has t be a good deal for SOU shareholders.'
https://www.youtube.com/watch?v=Xjn1kx-sepo
Love the numbers oil , let’s see what our Graham & team can cook up !! I also agree that 1/2 more finds and we’re sold or get a fat free carry ? Bring it on ASAP please
Personally I think one good exploration well we are sold
Tin 34 t’s @ .25p per t is £8.50!!! Christ id even take 17.5 -20p per tcf if we proved the 34 up....winner winner chicken dinner! Get them holes drilled GL
GL said that he couldn't promise to get the share price back up to the previous high, which I recall as being 102p.
If 1 TCF is worth 25p per share to SOU, all it needs is a total of 4 TCF to be worth about 100p per share.
It may not happen, but it would be easier than finding 34 TCF.
1 TCF, I’m looking for 34TCF and nothing less .... hope I have not underestimated this !!! Gla
We have nearly 3 x the amount of shares / warrants now so I would guess around 25/30 p with industry discount. That's 1 TCF in the ground, approx 550 bcf recoverable.
I can remember seeing one of Malcys video blogs and he stated that an industry rough rule of thumb was every TCF added about a pound to the share price.
Now that most people seem to be thinking about what could go right - rather than what could go wrong - could someone estimate what a new 1 TCF discovery would be worth to SOU?
And no answers please from any former directors of the company.
Back in the blue always nice to see. Onwards and upwards for us.
Annoul
Can’t remember now, but which part of the further acreage was rumoured to have possible oil??
Thx
Not to answer for Ducati, but I'm pretty sure I remember Graham saying as much in the recent interview (video).
'So Sound have spoken to ONHYM and Schlumberger'
(Ducati)
Could you please elaborate?
What is your source for this information?
Would be nice to think we could get a free carry on sidi moktar seismic.
Ducati i agree with that possibility; maybe some limited data re processing and a few directional drills for maximum reservoir exposure and it could come good.
I am hanging in for sure.
ddboy
So Sound have spoken to ONHYM and Schlumberger, what are Schlumberger thoughts for the way ahead.......They must be happy with what they discussed, and they hold all the data from the previous drills. Drill a well around the TE-5 Horst could unlock more gas for the Micro LNG plant as we do not need any large step out wells.
Graham could have a deal with Schlumberger once we start to produce the field. For me with the deals ongoing we could see a few surprises in the next couple of RNS.
One thing with oil and gas people say let the share price do the talking............Oil and Gas investment a very rewarding sector when things go to plan. Is the oil and gas price set to rise, if what is predicted happens the investments should happen. (Farm outs)