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Don't listen to the naysayers, Partridge. I feel a tightening in me Bollies too ;-)
I quite like this definition for plumbing the depths:
"to examine (something) in a careful and complete way in order to understand it"
Nice of you to appreciate my careful and complete examination :)
wh0s- You know full well both you and I made the distinction between discounting and risking in our previous discussions. So stop being silly. I have some old scuba gear in the garage that you can have to plumb the depths further if you want?
Who, all facts are actual!
Hahahaha soundingoff you "didn't want to complicate matters" by posting the actual facts... That's a novel approach, but obv the desperate and the uninformed on here will cling to your positivity, despite all of the evidence to the contrary.
dark energy - you managed to rustle a decent repsonse to my quesiton to you yesterday?
as for the failure putting a price to us - he will put across any price as a recommended offer because he know he has failed at this, but he can still make a few million from flogging the dead horse no matter what the price because of his employment clause related to the change in ownership - which by the way, will eat into anything that shareholders might be entitled to!
Jez, he will get the highest price he can, PIs or IIs entry prices are irrelevant. I think if the best price is 10p he will put it to us...
It's in his interest to get a much higher price than 10p of course because:
He owns a lot of equity or equivalent
He wants the prestige
Anymore to add on your narrow bollies partridge? There must be some ointment or cream available surely.
Agreed partridge, we are talking about a very near term development. Many developments sold have much longer time frames to first gas and a greater number of hurdles to clear.
Did somebody mention "Bollinger?"
On the subject of which, I haven't visited Waitrose as of yet to peruse their rose wine. I have looked online though.
I can be positive if you'd like me to. My spouting of "at least £1 per share come LE" is still a possibility if a bidding war ensues. My issue is that I don't believe we will receive a credible....hence credible....offer for our assets at this stage in time. I am therefore attempting to be realistic. I also believe that this "pause" in play, has been purposeful to allow them enough time to formulate their plan to "go long" and head towards "First Gas" in 2021. It just means that any LE will now be put on ice for a couple-or-so years. Who knows? Our company value may even start to climb back again in time and assuming we find more gas. I'll make it very clear now that I don't want to stomach much more of this. It's like a soap opera that has no ending. I'm bored, frustrated and feeling poor. Only compounded by the stark reality that The Chuckle Wagon will emphatically fail its MOT tomorrow at VW and cost me yet more money that will eat into my spam budget.
I think the narrow Bollies indicate news sooner rather than later.
https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=SOU&Size=620&Skin=BlueWhite&Type=2&Scale=0&Span=YEAR1&MA=&OVER=AreaBB;&IND=&COMP=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0
Thank god for some calm nerves. Get the kettle on Jez and read some of your old positive posts when we were in an almost identical position to now.
Mr Soundingoff, I think you should also factor in the time factor with respect to the contingent resources. As the FID is nearer the more tangible contingent resources become. It ups the mid case from 651bcf to 1,028bcf. That's an extra 50%.
The other poignant question, which we all know won't receive an answer for is at what share price Parsons would be content to present to us in order to vote on? Given the likely scenario that a "no deal Souxit" would probably cause the share price to head southwards, would his expectations fall in-line with this perception? What would he deem to be a good deal? 25p? 40p? 50? 75p? 80p? £1? £1.25? £1.65 etc? You take your pick! It's turning out to be a Lucky Dip. I suspect they have access to the share register, so he'll in theory be able to work on a deal that will satisfy the majority of stakeholders, both PI's and II's of course. And as Jacklevi has mentioned, the MG will also need to be satisfied, OGIF / ONYHM and the II's who will have their own wish lists.
'You think TE-5 is worth more than 27p per share, S/O?'
The potential is there Longwait. We've already talked about the connectivity below, but I understand we have modelled on 50% recovery, whereas the expectation appears to be closer to 60%. As an example, a 10% increase in recovery would increase the NPV by around 20%.
I don't think people really grasp the opportunity the Horst development is for O&G producers.
I'm keeping my hand off the panic button. There is an asset there. Value to be confirmed by those that know... Mind you valium helps.
That’s been my fear all along since the “marketing process” was announced. It could just be a smoke screen to buy them some more time.
The SP will take a right kicking if they come out and announce no offers received and dilute further to raise funds for more drilling
The silence is deafening. I’m struggling to see a positive outcome to the marketing process. I believe another fundraiser will follow news of the unsuccessful outcome then we’ll drill TE11.
Scarf - I think we PI's have been persecuted by this radio silence. I actually find it terribly rude how there has literally been communication shut down for over three months and I suspect this silence will continue dragging on and on throughout the 'embers. It shows little contempt for us who have put our hard earned money into this in order to better our lifestyles. It's typical human nature though: they are all doing great because their bank accounts are well and truly laced as we are left to fight over the scraps and sinew. I'd like to see how Parsons would react if he were in our position. I suspect he'd be demanding serious answers. Some of us have 6 figure sums invested here and yet we are getting treated like naughty schoolchildren - made to stand in the corner in silence and be expected to wait there until receiving our next instruction from the headmaster / headmistress. The irony of this is that from time-to-time they have dropped their guards and sent replies to a few PI's (ignoring the emails that make them feel uncomfortable) and come out with comments such as, "there has been more than 10 companies interested in us" and alluding to the fact that there will be a decision before end of October. It would have been much better if they had pre-recorded an update statement without breaking any AIM rules or divulging and sensitive information and let us dial-in and listen to it. In much the same fashion as Parsons has previously done, just giving us some sort of reassurance that the marketing process is ongoing, that our patience is very much appreciated and an acknowledgement from the top that this "pause" must be frustrating from us and that they are working towards a deal that will hopefully satisfy us etc. At least then they can't be accused of acting inhumanely and actually may win back the trust, respect and support from us PI's. The easy option is to remain silent with absolutely zero communication, which I believe is wrong and doesn't take our welfare into consideration one single iota. I know there are many out there who are equally frustrated with how we're being treated. Let's see what Parsons can deliver. I don't hold much faith in him, but stranger things have happened when at sea, so only time will tell as to how this all concludes.
Jizzy - loooool
Didn't get to see Mickey at Disney, but saw Dumbo at Sevenoaks!! (in keep with cartoon characters and the big ears comment!)
I don't see what LawrenceH and seaton actually add to the chats....total rubbish being spouted by both. there's still an 8p drop that could happen in worst case
Seaton you really are too stoopid to insult - what is also in the public domain, factual and for all to see: the performance record (or total lack of in this case!) of the failure who is at the helm of sound energy, the chief marketeer - parsons.
Not done yet Jez. LE to come. Just keep everything crossed...Especially your legs. GLA
We can talk all we like, but it's over to Parsons to show us if he's true to his word and is a "deal maker". I don't think he'll get us a deal and I have lost all trust in him quite frankly. There's still a few rogue disciples on this bb who are basing their predictions on how he once made you feel as you whooped and cheered him from the stalls. Those days are long gone and are over I'm afraid to say. This is just another one of those AIM horror stories that you won't want to tell your kids and grand kids about. Once upon a time....Daddy lost all of his money on an oil and gas exploration company. This man with big ears told Daddy that one day he'd be rich and leave a financial legacy for me and you, but then he ran off and Daddy never did get his money back or make a profit. That's why you never got to see Mickey Mouse at Euro Disney...….
The Only Way Is Up Up UP
More Positivity Needed At This Crucial Deal Making Time
Sounding off please stop the positive posts based on public domain information and facts.
This board is only for negative posts based on conjecture, conspiracy and sentiment ;o)
GLA..... not much longer