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too personal.
I'm sorry to hear you're doomed.
I'm sure there's someone you could talk to about your problems.
doomed
Amen to that Mr KTF amen and im not religuous
and that idiot Truss has gone :)
Basically full of the same bland overspill slop the colour of gray .
We are still talking to people who are very important and they still like us and its the fault of Covid that we are not going anywhere and that right soon with the FID unless someone can see /read something I cant which is highly likely but to see something positive in that I think you have the eyes of one of the fantastic four
The next we will hear will be how hard everybody has been working, absolutely flat out head to the bone and how much we are losing sleep over it trying to give sharholder value .
GL seems to be read from the same book nowadays that the slimy toe rag Parsons read from.
Yeah yeah he inherited a mess but that mess was nearly 3 years ago and we still are going nowhere ,ohh I forgot its Covids fault
Anyone fancy posting something positive??
Gtq. You have been away a while. Switch the words Italian bureaucracy to Moroccan bureaucracy and there, you’re now up to date…..
Not sure , but wasn’t the 20 th October the end of the 120 days ? Hopefully some good news , good luck team sound
Crikey. I remember you from around 12 years ago!
I just thought I'd see if Sound Oil was still operating and there you are!
You and Zorns1967 (I think it was 1967) were a slight double act back then.
Anyway - I wish everyone well and I hope Italian beauracracy has sped up since I last dipped my toe over here.
Regards.
Excellent Mr Ducati as always many thanks
Leads to a greater understanding of why its taking so long to be in a more attractive position to investors.
I take it from your name you are one for the two-wheel transport.
Looking to buy a BMW R Nine T when I return ,any thoughts ,I have owned several GS 1200 Adventure's so hardly virgin territory for me but the Nne T looks rather meaty
The LNG storage tank is beginning to take shape at our micro-LNG facility in the Tendrara Concession. The first phase of of the Tendrara development will involve over 1000m3 of concrete being poured and 120 tonnes of reinforcing steel being installed to create the foundation for the LNG tank. This is a huge achievement for our onsite construction team. Once completed, this tank will enable us to safely store the LNG produced at our micro-facility before it is shipped. The tank will allow for around 10 days of LNG storage to cover any planned maintenance on the plant.
Graphic copy:
KEY FACTS ABOUT OUR NEW TANK:
· Up to 10 days of storage
· 5.7m height
· 21.8m diameter
Storing LNG in a stable environment is essential for ensuring its safe transportation from production site to pipeline. LNG storage tank construction requires significant engineering expertise. These tanks are typically made up of two containers, an inner steel container where the LNG is stored, and a concrete exterior containing insulation materials to keep the temperature at -162C.
https://www.linkedin.com/company/sound-oil/?viewAsMember=true
Hi Crude, a recent RNS said we were on the cusp......again! Shouldn’t be too long:)
And don’t forget all that interest in our sandbox full of gas.....Sidi Mokhtar!
I think your observation on not hitting deadlines is a little iffy bearing in mind the leeway that you allowed the previous management..........
However, I agree that exploration is different from production and that it should be less difficult to set delivery dates for a production plan. JP never hid the fact that the dream in the desert wasn't an exploration play and therefore timescales would be difficult to define - his problem, in my view, was that he gave guarantees to investors that the share price would be achieved in a reasonable period of time.
The new management are now trying to deliver on JP's promises and to call them out when they have had to clear up a mess that he created seems a little unfair (albeit all Directors should be held to account for their decisions)
I wouldnt like to have picked up this poisoned chalice that JP left ......................
Hawthorn
St Mary, That made me laugh! The progress here is glacial & seemingly measured in the geological time of the various strata that, allegedly, are gas-bearing! We'll all be dead before anything is actually produced so including these shares in our 'Last Will & Testament' is probably a good idea - with instruction to Solicitor to look in the bottom drawer & to beware of cobwebs & spiders, although not of the money variety...
The exclusivity term with Attijariwafa lasts until end of February. However, the 120 day period is for negotiating binding terms, with presumably some considerable time then required to actually secure the finance. I doubt we could run the whole eight months without agreeing terms as the wheels would clearly have come off the trolley long before that.
So how long before they cannot extend any more, or can this go on forever
Thanks PS .
Really useful to get your thoughts on this - I do concur re missed target dates.
Cheers
Keeptofacts have been doing his averaging down schtick for years. I’m not sure who he’s trying to kid here?
The timeline for financing was supposed to be 120 days from entry into the agreement outlined in the June 23rd RNS. That would give a date of October 21st. I always take the view (based on experience, especially with SOU) that the closer you get to a deadline the more likely it is that the target will be missed. Therefore I would expect an RNS by end of next week to tell us that efforts are continuing and giving some extended date. We are still well within the period of 8 months of exclusivity.
Just wondering what others thoughts are with this because when I look at previous rns 's I am kind of hoping that we should receive an update at end of Oct regarding Phase 2 funding and the drilling campaign?
Cheers
Also, I didn't say anything about 'Predicting a time when you will have profit' (sic) I mentioned nothing about profit.
please tell me where I pick a timeline that was not directly communicated by the company?
at the same time pelase tell me where the company says 6 or 7 years?
THAT is the difference.
Excuse me you are doing exactly the same. Predicting a time when you will have profit. You are picking random numbers the same as i was. I`ll have a bet it will be nearer my timeline than yours. I`ll see you at the private school gymkhana when you will no doubt have your snout in the trough.
Just could not be decent could you. Go jump in your cesspit. Horrible human being
St Mary he/she is just another picking random numbers out of the air.
A nice big jump on the next spud (maybe this year, certainly early next if not) would do me, or maybe the tax will get resolved first, or maybe other news. I really don't care, but I won't need to wait 6or 7 years for sure.