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Definitely no logic in spending your sad life commenting on the SOU BB board and not holding a share in the company. Like you say, all the information is out there to be viewed. More than willing to discuss it with fellow 'Share holders'.
"It's been half an hour and there's not been a negative spin put on it. Come on guys you were all fingers last night."
Well, it's only half an hour since I got out of bed. Does that count?
Yes, this RNS is a sign that SOU is gearing up for exploration and Graham will be announcing the drilling plans tonight. I'd expect to see a large bounce in the SP today. NOT!
I am quite literally speechless how clueless some of the people on here are. SOU have missed a bunch of work requirements on their permits. Or, rather, they WOULD have missed them had ONHYM not conveniently kept extending them or altered the terms. I predicted here a couple of months ago that we would be getting an RNS about an Anoual permit extension, if only the for the obvious reason that SOU had no chance of meeting the terms and ONHYM seem to have nobody else to turn to.
Did anyone even bother reading the RNS in conjunction with the December 2022 one? Because if you didn't, you probably didn't notice the stunt that was pulled. Today's RNS says that all the terms of the initial period were met and SOU are entering into the complementary period. The initial period was supposed to finish around the end of 2022 and the work requirement included the drilling of one exploration well with a Triassic objective. SOU obviously missed that by a country mile. They got a 12 month extension to the start of 2024 and missed that deadline too. Now the extension has itself been extended to July to keep them legal, and the well commitment has been quietly dropped -- you didn't see THAT mentioned in the RNS.
In fact, the RNS could be read by a sufficiently gullible person (which clearly includes some on here) that it's all about SOU's plans to move ahead with drilling M5. But that reference is merely to the aspirational farmout program announcement in a nearly two-year-old RNS, for which SOU got no takers for the drilling part.
Calvalley clearly saw an opportunity to make money by gouging a large chunk of the Tendrara concession from SOU while they were strapped for cash. And they still haven't even fired up the engine on that piece. Assuming they do, it's no guarantee they have any interest whatsoever in going wildcat drilling in Morocco's calcification-prone Triassic. This is just another can kicked down the road. There will be plenty more over the next 2-3 years during which SOU have no money for exploration.
I’m always open and very keen to learn from the all successful investors on this board Shrek. Assume that’s a ‘no idea’ from you then!? Seems a common trait here. Lots of mouth and not so much logic, experience or objective rationale. Next…..
We look forward to updating stakeholders on our drilling plans to unlock the compelling potential of this basin leveraging the gas infrastructure we are developing at the TE-5 Horst.
This👆
Why do you care ? you arent invested here ? right ?
Ok, can someone explain where the funds for the drilling come from? the current programme only includes one re-test of a prior well to tie into the LNG. no one has farmed into a broader exploration programme yet have they? assume it's an even larger farm out % to Calvalley? is that what you're assuming? Or is there a magic money tree in SOU HQ i'm not aware of? what kind of % of the asset does that leave SHs with after ONHYM, Schlumberger & Cal Val have had their large slices? Anyone know % and how that nets back into the return per share? it's there for all to see if you've got time and ability.
Cant wait to get drilling again. It's been far too long.
Agreed.
just ignore the bitter, twisted old fart.
Second part.
https://twitter.com/soundenergyplc/status/1785197132422513097?t=W4b6oZsH5yZ47AQp-r_PCQ&s=19
Someone who doesn't hold SOU shares and is intently watching the SP whilst throwing in negative narratives is either very bitter and twisted. Or, the more likely scenario is that person wants cheaper shares and is vein enough to think his / her comments on the BB make a difference.
If they announce dates for exploration, m5 etc which it looks like they are planning on to me, things will change here pretty fast. Just waiting on that signature from Calvalley.
https://twitter.com/soundenergyplc/status/1785197130430263398?t=PMVAsNzI-EZ35V3xXYz_sw&s=19
Yes i appreciated it was a delayed reported sell rubber, but i'm not sure it changes the narrative?
agreed St.Mary, have been some buys but sell pressure is clearly much more aggressive than buy pressure which is often quite telling imho. time will tell. i'm just joining the dots.
And in the interest of balance I’m guessing the investor who just bought 2 x 647k also thinks differently 🤷♂️
Kylie, was delayed from 9;57, seems a silly price to have sold them for to me but heyho.
I’m guessing the investor who just sold 2m at 0.7p thinks differently
Agreed SE, that could have been the finial hurdle SOU needed to cross before the ink flows...lets go GL!!!
Southend...
Well said.
In my opinion, this RNS is very reassuring news while we wait for news about the Calvalley deal.
Reassuring because ONHYM only grant licenses/permits to viable enterprises after they have conducted their due diligence processes. Rest assured that ONHYM have done this work on Sound recently and I suspect spoken to Calvalley and the Attijariwafa bank. Only then do they allow variations on permits.
This is good news.
Roll on this evening and lets see what positivity we can get from Graham.
Maybe the last hurdle and sticking point to calvalley signing has been timeliness being extended. This deal may not be too far away.
Thanks for not elaborating Keeptofacts. I'm sure someone knowledgeable would shoot your answer down in flames.. As usual. Good luck all the same
Scarf - that's because barring a few unresearched chancers on this forum (whom I still think are more likely shorters of some kind, as no one can possibly post nearly 3700x and be wrong every time and still keep posting), no one is buying the RNS this morning, it shows nothing. The market has had it with bs from this company. They've rinced the market too many times and just time after time fail to deliver. SP says it all.
Now 0.79. Positivity not reflected in the price is it? GLA
Don't worry i'm still here SB. you're such a gobby joke. the best bid is currently 0.756p, that's lower than the low of yesterday. you can buy for below 0.80p. no one with half a brain is sucking up this garbage from these lot anymore. revenue and profit is the only life raft that will save this company, not never never RNSs about exploration the company has NO CASH to pay for. How long based on your calcs will it be until Phase 1 profits to SOU are sufficient to pay for exploration? Appreciate you don't like facts or reality, but look at the SPA detailed last valuation doc and you'll see - never is the answer. The company has no money. Like I've said countless times, GL doesn't care about exisiting SHs. You'll notice tonight it's all about 'the company' this and 'the company' that, not how he'll deliver for existing SHs. You'll at best get watered to oblivion here. Based on the new lower sp again today, despite your unresearched unfounded hopes re today's RNS. The SP is again lower not higher today, seems many investors see it the same way. Amazing how posting 6-7 garbage posts in less than 1.5hrs is acceptable if you're blindly bullish on this share, if you post a couple of well founded objective critical posts you're accused of spamming this forum. What a SOU love-in this place is.
Yes
Plenty of positive posts. Share price is currently 0.8p. Am I missing something? GLA