London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This may help you Exploration. Also the recent strategic RNS provides some guidance on drilling targets.
I really struggle to understand how you can post that interesting summary of the Horst and then post such twaddle regarding potential. To say the potential doesn't add value is the same as a mechanic suggesting car wheels are square. The value will not be what they could have been with success at TE8/9/10, but risk/reward means the targets still have value. As I say, if you read a few broker notes, you'll learn something.
Let me qualify my response to Sounding Off’s post.
Maybe the ‘40 tcf’ is worth something close to zero, but the characterization of such potential is either negligent or innocent mis-representation.
Such descriptions rely on the lack of knowledge of investors, or perhaps in the case of Sound Energy on the inexperience of the Board of Directors.
For example, does it make sense that Tendrara ‘potential’ is bigger than the Troll gas field in Norway, in the northern part of the North Sea, with estimated recoverable gas reserves of 36 tcf? Troll is one of the world’s ten biggest offshore gas projects. Troll accounts for approximately 40% of the total gas reserves in the Norwegian sector of the North Sea.
I’m afraid the ‘potential’ of Tendrara + Sidi Moktar mentioned by Sounding Off doesn’t pass what we call in the industry the ‘smell test’.
However, based on previous work, yes - there probably is 1 to 4 tcf in the TE5 area - but 40 tcf- forget it.
The valuation process of “40 tcf potential” is pretty simple.
The answer is zero - it doesn’t exist.'
Exploration- If you have a read of a broker note or two detailing other O&G companies, I'm afraid you'll realise you're completely wrong. It goes against all the principles of the industry you surround yourself with.
Unless you've put the decimal point in the wrong place again? Who can forget the 'not enough gas for a bbq' comment!
Mr Mahatma, your brain cell was barely functioning when you wrote that post. Such a racist comment. Do you realise how many British people you have insulted in such a senseless outburst? Black, white, native or immigrant. Best thing is to stop posting as yourself and get another posting identity and a course in civility. Shame on you.
If it wasn't for immigration, we wouldn't have a NHS. The majority of British children are as stupid as their quarter witted parents and would not be trainable into becoming front line medical staff. They could, of course, be trained into performing some of the administration roles that require nothing more then a barely functioning brain stem. Such as Procurement.
I'd do a bit more research Dave, O&G investing isn't simple. The TE5 horst has an NPV10 value of around £300m. Then there is the value of exploration and another asset called Sidi. How do you value 40+TCF of potential? Only those involved in the marketing process can tell you.
Trigger, welcome to the quagmire. You need to scroll back over the past few days, and you should have a good idea of what's happening with SOU. Beware of advice. Feedback, no one knows what's going to happen next.
Anyone give us a quick heads up of the situation here as seeing different news streams.
Reading between the lines are they trying to sell while company. If cash is circa below £10m now ( was 11m on 30/06/29) and the current market cap is £83m is it likely they will sell these assets above £80m. ???
I know directors here have been poor but any feedback would be good.
Agreed Longwait. It's another one of those situations we are told don't exist by some on here. For better or worse, our real value has not been broadcasted and is only available to those who are part of the marketing process.
Dickupham on JOG was reminiscing on Friday about the time when it was 8p per share, which he considered a Gross under-valuation even at the time. Since then, it has been up to 399p, down to 57p, and back up to 240p. I think some people are not being realistic about AIM shares. The price does not tell the whole story.
Lets deal with scarf first - I quote 'If anyone has set themselves up as fair game its you testpack. A particularly nasty post. With no facts or substance.' He's admitted it you moron. You can read but obviously have trouble understanding. Crude. I also have read The Gulag Archipelogo , and please tell me where you found the humour in the book. Another difficult question for you which you will be unable to answer. And of course your use was only humorous, so funny in fact, you havn't used it for 4 years, except possibly 18 months ago when I had again to castigate you. I've also referred to you as Janus, or, two faced. One image , mainly in bars, when you are the convivial, well mannered guy, and the other is a nasty piece of work., gullible, with admiration for The Failure, Farage and Trump. What a lovely trio of honest, truthful men.
Have met amiable Kirk and others at presentations and hope he tops up bigtime on Monday if he sees the office staff booking Caribbean cruises after his social meeting. However my gut feeling is I shall have a large capital tax loss to carry forward to the cemetery even at circa 30p average . Been here since consolidation and Gerry Orbell. enjoy your sniping at each other gentlemen, most other boards are the same on LSE. at least Jez has introduced some wry humour here. Really miss the old days of geological data from everyone, turns out it was all smoke and mirrors, same as Echo and Coro.