Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Waitrose is worth the trip for wine Jez. Far better selection than its peers.
I’m not looking to argue with you at all Jez. It is not my intention to anyway - we are all entitled to our own opinions as you have said before. We just have a very different approach.
Trellis,
I discovered a new found penchant for Spanish wines over the weekend. I enjoyed an excellent Grenache. I haven't had a rose for some time, but you have reignited my interest in them. Maybe I'll take a closer look when I'm next scanning the aisles. Waitrose is just out of walking distance, but I have been toying with the idea of gracing them with my presence. It would certainly make a change from my regular jaunts in Lidl, but only because they have some not too bad Greek food in stock at the moment. I just wish they would permanently stock caviar. I have written to their management twice already about stocking caviar, but they refuse to have it in store all year round. Only at Easter and Christmas will they entertain it. Crazy seeing as though they'd practically steal the market if they had it on the shelf all year round.
But how are you getting a vibe??? Please give detailed reasoning...........confidentiality agreements considered.
I have no reputation here - and am certainly not looking to protect anything (we are all anonymous).
If your feelings/trust etc have faded but we have had no new info (other than the email about 10+ parties and deadlines before 31/10) then how can they be anything more than just emotionally driven beliefs???
We are very different in our approach, and I think emotion and being emotional in your decision making can cause unnecessary stress and encourage some poor decision making.
Jobbs,
Unlike you, my feelings about our chances of a decent LE have almost faded away into nothing, which is a byproduct of my sincere lack of trust for the SOU BOD. That's where you and me differ. I tell it how I see it and you don't want to risk your reputation one bit on rash predictions, which no doubt you believe this is. The vibe I am getting from this so called marketing process is a very bad one. I am not feeling the love here one bit. I don't want to spend another day arguing with you either, so go and bother somebody else. Be prepared to be let down again by Parsons and if he reads these comments, I suspect he already knows he is going to let us down and is just waiting for the deadline date to expire before garnishing us all with another rotten RNS.
Ironic that you are disappointed that they have “shifted and changed and then swapped again”........
Just like you have said before, Jez, it is important to remain flexible with your investment and review - they have had to stay the same with their strategy (particularly based on the disappointment at the drill bit).
We may not get what we are hoping for, but until the “deadline” is reached I find it hard to understand why so many can be so disillusioned?? If they get no credible offer I’ll probably join you in my disappointment, but we can’t judge them on this part of the process when it is not complete and details confidential.
I was one of the only ones who wanted us sold before Te-9 and Te-10. I recall getting a load of abuse for it too. Now people can see why I wanted us sold for circa £1 per share. At the time I commented that I didn't trust BM with the drill bit and it turned out I was right. Since then the strategy has been floored. I think even Parsons himself would admit that serious mistakes have been made and in the most part, they could have been easily avoided. Never over promise and under deliver. The timelines have shifted forever forward. What's not to say that they will again with regards to our LE? The one thing that we have left that JP can potentially get right and even that will be messed-up IMHO. You only have to look at the past in order to predict the future here. This company, this BOD has an annoying tendency to perform the exact opposite of what you expect them to do. It's farcical.
Trellis,
The whole strategy has been botched. You only have to look at past videos to see that their so-called strategy has shifted and changed and then swapped again based on the results at the drill bit. In short, Parsons has gambled on their being commercial gas and his job was to keep us mug punters keen. What he didn't count on was there being no or little success and it was hardly ever discussed. In fact, if you look at any of the past videos, there is nobody challenging him at all about the "what if the well is a failure" and "what's our fallback position if x,y,z fails". One exception is at The BB event where that private investor chap with a Liverpudlian accent asked some questions in a direct fashion and didn't really get the answers he was lookin for. The auditoriums were in the most part full of eager disciples clutching on to his every word and too timid really to put him on the spot. The cagey looks from his BOD as they sat there, touching their noses and scanning the audience as they filled their pockets with even more of our hard earned money. You could see the look of disbelief in their eyes at some of the ridiculous predictions were being made. People may think we've heard the last of Tom Winnifrith? He'll be back and next time his words will probably dent a few more egos. This BOD will not be able to secure a credible deal for us. They are going "long" and the more I think of it, the more we are all being strung along in a relationship that we're gagging to exit. JP will slip away hoping that nobody has noticed and he'll leave JJ in charge to pick-up the pieces when the share price is languishing at 4p. It's a complete and utter joke. I don't trust Parsons et al one bit and I have woken up again today still adamant that he won't get the pleasure of shaking my hand again. My offer of farts in a bottle, hand delivered to Sevenoaks still remains should they need a few extra BCF's. I'm off to consult a bottle of Merlot to kickstart the day. I make no apologies for my grumpiness. I feel let down and cheated.
I think a CPR was carried out for Te9.
RNS 4thJune 2018 :
Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that it has now received the final Competent Person's Report ("CPR") in relation to the A1 prospect in the Company's Tendrara-Lakbir permit, Eastern Morocco. The CPR is entirely consistent with, and confirms, the preliminary CPR results previously announced by the Company on 26 April 2018.
The CPR was conducted by RPS Energy Consultants Ltd ("RPS") and is the first in a series of CPRs planned across the Company's Eastern Morocco acreage following the acquisition of new 2D seismic. This CPR is compliant with the latest SPE Petroleum Resources Management System ("PRMS") approved definitions of Reserves and Resources.
RNS dated 20th Dec 2017
Where did you pluck those figures from, Partridge? Excuse the pun.
The COS for the Te5 horst when the FID is made is 100%. And when the decision is made the contingent resources come into play and that gives 1028bcf of gas. 1.4 Tcf upper case.Don't sell your shares Mr Whos. You're going to be rich. Exciting times.
Yeah, say hello to my little friend, Shaungreen. Has he purchased that new abacus yet?
Thanks Exploration. It's not really much of a valid comparison then. You're scraping the barrel this morning wh0s.
You mentioned COS, not me. LEK's 29mmbo+333bcf are discoveries. COS is only relevant for their prospects and leads, obviously. I don't know what their COS are just like I don't know what SOU's are.
I have just highlighted a deal that was announced today onshore Africa for some oil and gas assets. To me the price seems to be exceptionally low, so well done LEK. As I say this is a done deal so provides an indication of what in ground resources are being bought and sold for in the current environment. You can do what you like with that info.
Wh0s- I get it, you have a problem with Sound, but let's try and work within what we know. We have valuations of the Horst where COS is not relevant for our discussions. We also have a GSA offer if we want it. Production by 2021.
It's rather silly making stuff up. If you want to be credible, post something credible. What's your assessment of the Lekoil offer. I am genuinely interested, unlike yourself.
Hi soundingoff... Do you also call SOU's "valuations" meaningless because they have no COS for their prospects (or even a published inventory), no GSA, years to production (probably even longer than Lekoil, given their proximity to infrastructure and that it's oil+gas)?
USD 5m is indicative of value for those assets, as it's an actual deal that's done, rather than SOU's pie-in-the-sky numbers.
Is that recent Wh0s? There's not much info online. Obviously it's meaningless without COS, oil and gas sale rates, GSA (;)), years to potential production if successful and the terms of the farmout. Obviously you're only paraphrasing, but what did your indepth study find?
... announced they bought 45% interest in an onshore African license with estimated recoverable resources of 29mmbo + 333bcf gas, 10leads + 7prospects, 150sq km 3D seismic + various 2D, all within 20km of producing fields and infrastructure........... for USD 5m.