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Woundlick i started reading your post and i thought this is interesting but then you got a bit heavy with the conspiracies. Don`t get me wrong everyone has an opinion and a right to be heard but really, elites running the country through facial recognition eves dropping through smart phones. I hope we are not following the US where conspiracies abound. What about the aliens. Surely it`s they who run the country. Woundlick take a break
Without getting too conspiratorial, I'm beginning to think it's all entirely deliberate and by design. The sovereign debts are so far gone they have become more of a concept than an actual debt to be repaid, which will not and cannot ever conceivably happen. Persisting with the current system will only lead to huge inflation, destruction of pension funds, mass strike action, civil unrest, all just the beginning. So why is it deliberate?
The 'powerful', the 'elites', whatever you want to call 'them' only have power and influence based on their wealth in the first place. So why would the most powerful and wealthy people who run the world destroy the system upon which their power is based?
So that it can be replaced by something else of course. Something which 'they' will have total control over and something that will be impossible to ever counter. A system based on technologies which will have a scope and scale of power far beyond anything we can imagine. A convergence of CBDCs, facial recognition, tracking and eavesdropping via smartphones and virtual assistant technologies such as Amazon's Alexa etc. Combine this with the emergence of strong AI/robotics among other things (biological/non biological interfaces like Neuralink) and what you have is a world with zero privacy, zero free speech, zero dissent - otherwise your social credit (which has replaced fiat currency in the form of UBI payments) will be removed from your account leaving you penniless, followed by compulsory attendance at a re-education camp. Absolute totalitarianism. Only the 'elites' will be unrestricted and have unlimited credit.
Net zero policy is a bridge towards destroying the global economy and achieving this goal - if all industries and business cannot power themselves than none will be able to function. Solar and wind cannot meet the demand no matter what. It's impossible. Nuclear can replace all power for stationary things like houses and industrial buildings but of course the environmentalists vehemently oppose this solution. (Why? The problem with nuclear is it doesn't demand the radical remaking of society, nor the fantasy of harmonising with nature. All it does is grow societal wealth and decouple the economy from pollution and environmental destruction. So no wonder climate activists hate it so much.)
Sure there is plenty of gas in the ground, Sound have loads, but it won't come to market anytime soon if 'they' get their way.
Anyway, enough of my ramblings. Night night everyone.
12 years of austerity hasn't helped. Every vital public service we have is in tatters. The national debt in the same time has gone from 850 billion to 2 trillion before covid and is now sat at 2.4 trillion. Its a right old mess and set to get far, far worse when mad Lizzy gets into power. A recession is guaranteed and if this bithering incompetence carries on we might even see a bloody depression. Borrowed tax cuts in a period of high inflation is not the right decision imo. Rising interest rates, eye-watering personal debt, unemployment surely to rise, house prices will drop and there lies negative equity.
If you are need of medical treatment then you may be one of many who are now looking to go private. Sadly many just have to hold out in a post code lottery. Its the worst economic and social mess in my lifetime by far.
crudehope your correct something is going to break. As my angle suggests i work in the utility market. It`s not only the domestic market that is suffering Business` renewal contracts were being quoted last week at between three and four times their current costs and they spiked again on Friday. Your gas and electric costs could have been 25k combined for the last three years and now your renewal contracts are going to cost 80k. You have to try and pass this cost on to the customer so increasing living costs. . Nearly everyone is affected. All of this is happening when demand is low so with the onset of colder weather in a couple of months and the resulting increased demand i dread to think what is going to happen. We desperately need more gas suppliers but we are years from that.
Hi all, the Hospital I work at is ram packed with patients. A&E had 27 people waiting for a bed yesterday & we haven't even got to the Winter period yet. Flu has been its worst in Australia for 5 years & Covid is set to increase. It seems everyone wants to strike for more pay as increasingly folk find everyday bills hard to pay. This could lead to civil unrest & as far as the NHS is concerned, I am already seeing worrying signs of breakdown. Staffing levels are at best just about viable with absolutely no spare capacity...just like the international gas market, we at the NHS have no swing capacity & and no reserves to fall back on. Already we are at full stretch & we haven't even got past Summer. The whole country is set for a perfect storm of disasters. I think every Department Head in the NHS needs to have motivational talks with their staff just to tell them how much they are needed & appreciated before morale collapses with the onset of what will almost certainly be another 'Winter of Discontent'...like no other before it in 'peacetime'!
Hold for Gold
GLA
Maybe that there will be some renewed enthusiasm here when a farm in partner/drilling campaign is confirmed?
Come on GL and the team!
Haha nice one. There is still hope here
About 10 years too late for that !
Not2sure look before you leap
?
per cubic feet
The same tax system that trying to do sound for 20 million plus
Lol also mentions Morocco has one of the best tax regimes in the o and g sector !!!
Sorry ,Forgot the o/ t
Very interesting especially if you hold SDX shares. Also mentions Chariot. Both of these companies doing well in Morocco. Not so much Sound Energy
https://atalayar.com/en/content/sdx-energy-announces-new-gas-well-be-drilled-morocco
Don't buy on my account! I'm just a know-nothing internet randomer and I'm still pretty negative. Based on the 0.1p SP downgrade due to the recent tax announcement, you could be looking at another 1p if the full tax bill gets upheld. Wouldn't be holding my breath on the near-term exploration either. I do hope they drill SBK-1 first. It's a small accumulation but looks like the best shot at adding some value and they could do with some good news rather than another duster. Only 0.3p unrisked value per share value on the current research note, though. If you see 7.5p total per share in the next 24-30 months I think it would be a good result.
Expect some sp movement by the time Santa arrives.
'This is a major industrial project in Morocco and the local interest comes as no surprise, with the parties now seeking to negotiate binding terms for the phase 2 senior debt before the end of October.'
PS, that’s probably the most positive I have seen you on the SOU board, think I’ll buy a few more today :)
Interesting valuation update. Value of the core assets has been downgraded due to the tax bill and depreciation of GBP vs USD, but upgraded due to a higher forecast Brent price, leaving the value pretty much the same. Also interesting to see them forecast that SOU can give away 25% equity in TE-5 in return for the remaining Phase 2 funding requirement, and still keep the same valuation due to lower risk. That's somewhat reassuring for those looking out for further dilution.
Also interesting to see new valuations for the exploration element, premised on a 30% farm down of interest in return for 100% carry on three wells. I would call these pretty speculative (as indeed does SP Angel) based on the recent drilling track record. Only SBK-1 with its smaller accumulations looks like a solid bet having previously flowed gas, while TE-4 looks like a much longer shot (having previously failed) and Anoual is a wildcat and Sidi also a relative unknown. Nevertheless it's still interesting to have these, and if you let your imagination run wild on the *unrisked* numbers ... well it's enough to drive this board back to the ramptastic speculations of former years ;-)
Well I’m not sure , but how much is a tcf worth now , is it £1.50 or 1.5 p !!! This is going to be a long road . Big question is will I live to see it , some I believe have not already. Gla
A tweet! very good, we got a tweet. Tweet tweet.
https://www.soundenergyplc.com/media/bphbexwi/sou-2022-08-17-morocco-update.pdf
Sound Energy is a transition energy company with strong ESG credentials and a clear route to first gas production and revenues in early 2024 through its low-cost onshore gas development in Morocco.
We have updated our financial forecasts and risked NAV to reflect recent news flow. We reiterate our BUY rating with an updated 7.3p/share price target.
Tweet……