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If it was that good they would offer it for free and take a slice of the find....however they may have more success than pin the tail on the donkey Brian M.
Hope this kills the cheap and desperate sales pitch although I have little doubt this Scotforth crowd will try again in future. What puzzles me is how they believe that this bb could be a sales channel to put pressure on Sound leadership to buy their services. We may be in serious trouble but never that much.
AGAIN KASJNATON and GRH try to GROOM some more suckers into the TINPOT ventures of SCOTFORTH.
UNDERHAND business PRACTICES.
I AM 250 and KNOW MORE THAN ALL OF YOU IDIOTS
PS I HAVE A FERRARI...
DIE-CAST
Hello Truthfulopinions...lol
(who called yourself John when you called me
but would not mention your surname)
I have just been informed of your post
How wonderful to have such coincidence…
We used to live in Kippington Road...top end beyond the church
1980-1985
We then moved to :
Wildernesse Cottage
Seal Drive
Sevenoaks
TN15 OAH
big garden...corner of Wildernesse Avenue and Seal Drive...
check the signage if you wish!
one sign each side of the vehicular gates and one at end of fence
moved here in 1985
If you want coffee as you appear so convenient in Sevenoaks just let me know
if you let me have your email address I will show you what $22bn of deals looks like
ATB to genuine people who have lost their money here
As to Waterhouse...
anyone on iii/ADVFN will tell you of my ceasing all comms with him
and closing down a dormant outfit where he and I were both shareholders
it was VERY public at the time
You see shadows
but truth is you appear to have lost a lot of money and that is regrettable
Kasjnaton: "provide scientifically validated papers backing up their opinions that detection of hydrocarbons using hyperspectral imagery is not possible, then please provide that documentation, or at least a link to it so that I am able to read why it is not possible".
I don't know if you have any scientific background, but you ought to know that isn't how science operates. Scientists don't publish papers disproving the possibility of something. Have you checked the end of your garden for a crock o' gold? After all, there are no published papers that prove leprechauns don't exist.
That tech hyperspectral imaging is available direct and is very cheap as it’s a byproduct of work carried out with certain satellites.
Maybe was just too expensive and it only backs up what existing technologies closer to the ground can already attain.
Such a company should if convinced sell the data to shareholders. Or give us an appraisal package, a demonstration. After all Sound, won’t buy, does appear strange won’t sell to a shareholder?
Kas, there is no money to drill, don't you understand simple accountancy, cash will run out December 2020, we need production to get finance, develop the horst, look at high cos leads around the horst, there's over 1 TCF of gas to appraise. No low cos high value drilling for at least 5 years. That's the new business model, either top up and lower your average or just move on in life, I know what I'm doing.
well, atm, there's only one other...easily done...no big deal
Ffs... . How much is it to use this Scotforth tech? Anyone know?
How is it to use this Scott forth tech? Anyone know?
Forgot to add that not only shall I shut up on this subject but I will also pay up the agreed sum of money to the chosen charity and offer a full and unreserved apology to everyone on this BB.
I know that the only way some people will get their original investment back is by Sound Energy drilling in a location where substantial commerical hydrocarbons are to be found.
Once again I ask the question, how is that to be done? Additional pure wildcat drill(s) with the data that we currently have or bring on board Scotforth to reduce risk help identify where to drill?
Last point I shall repeat if there is evidence that hyperspectral imagery, the Scotforth tech is ineffective in finding commercial hydrocarbons please let me know and I shall shut up on this subject.
Tableleg, I did not ask that you or anyone else put any money up if your negativitiy about the tech is wrong.
All I asked for is for anyone who thinks that the Scotforth tech is a worthless is to provide me with the evidence as to why, because I want to know more, I am curious, I wish to learn and understand.
That is why I did my research in the first instance, which has so far lead me to believe that the tech is genuine, in that it helps to reduce risk when searching for commercial hydrocarbons, thus the reason for me providing those links.
I can of course afford more than a mere £100 to any charity but thought it a good starting point.
I shall tell you what tableleg, £200 is a cheap price to pay for a lesson, find that evidence that states that it is not possible to identify abundant commercial hydrocarbons using hyperspectral imaging and I shall pay that to a charity of your choice.
If £200 is insufficient then let me know how much you would want in order to even consider to start looking for such evidence we can then start a discussion.
As for your point, it may or may not work, why did GRH bother posting the information that he had?
Why does he claim to be 100% accurate with the analysis of where Sound would drill , whether Badile or Tendrara, why did Sound not make use of this technology? GRH claims to have been in contact with Sound, surely questions need to be asked of all relevant parties, BM, JP and GRH, in order to get to the bottom of what happened, what did Sound actually think of the Scotforth Tech, why did they not utilise it etc.
A number of posters on here seem to think that only they matter, i.e. they are only a few k down and would break even when the micro LNG project comes online.
Some people are really naive, throwing good money after bad as the saying goes, in bringing their average down in order to try and break even, I just think this is too risky at this moment in time (as I already have said).
There are some people here who are severly underwater, no doubt suffering depression, ill health and worse because of what has happened.
I am neither in a position to give false hope as I am just an underwater PI like many others, nor am I able to solve their problems.
All I want is for the truth to come out, and there are people posting their opinions without backing those opinions up.
Yes I may be wrong about the refinancing negotiations, I may be wrong about the amount of gas in Tendrara, I may be wrong about the Scotforth Tech. but I am not misleading by quoting mooncheeses £62 per share, or even SG47's £2.50 per share at least, or even Crudettehopelessness' I have paid off my mortgage so I am OK therefore everythnig else is going to work out fine.
Kas it may work it may not but the company chose not to use it. You're shouting at parked cars. If they change their mind then I will support them. If it was that simple you wouldn't be wasting your time on a free bb.
Trellis, I wish you all the best for you and 'K'.
If what you state is true then I hope that you treat her with the respect and decency that she deserves.
OK, so you guys are saying that it is boo looks, that it brings no value to the table and that Super Majors are not interested in it.
Well have a look at page 11 in the PDF at the link below;
https://fs.ogm.utah.gov/bbooks/2017/08_Aug/Docket/2017-020_274-02_Hewitt/2017-020_20170912.1_RespondentsExhibits.pdf
That should counter the "adds no value to the table" and also the "boo looks" statement.
I have of course posted the above link previously but not a single person has commented up on it, go figure I wonder why that is? Maybe people just prefer to ignore the facts as presented to them.
As for Super majors, have a look at the following link;
https://www.tandfonline.com/doi/full/10.1080/01431160310001642287?scroll=top&needAccess=true
It is, admittedly, only an abstract but the scientificallly peer reveiwed document has the following acknowledgement;
The authors thank the Environmental Baseline and GIS & Remote Sensing teams of ChevronTexaco in Richmond and San Ramon, California, for discussions that led to this study on the use of the 1.73?µm hydrocarbon feature to derive a Hydrocarbon Index. We further thank F. Lehmann, F. Oschütz and T. Bucher (German Aerospace Centre, DLR, Berlin-Adlershof) for discussions and advice on calibration and correction of HyMap data. R.C. Newcomb is thanked for improvement of the English text.
So Chevron/Texaco are aware of this technology, not super major enough for you?...
But of course it is all boo looks, isn't it?
If any nay sayer can provide something (anything?) outside of their closed minded opinions on this subject and provide scientifically validated papers backing up their opinions that detection of hydrocarbons using hyperspectral imagery is not possible, then please provide that documentation, or at least a link to it so that I am able to read why it is not possible.
A proper discussion can then take place, and if for all this time I have been in the wrong then I would offer a full and unreserved apology to everyone, not only that but also I would give £100 to the charity of choice to that person who finds such documentation.
I would be prepared to donate more but funds are limited after my poor decision to invest in Sound...
Yawn. I would think she would be the one reaching for the Soave. Electric company.
On a different note why would anyone want a self confessed drunk to represent them here. You’re hardly selling yourself to the masses !!
Soundaspenny, you obviously do not read full posts, if you had you will have seen that I do not know GRH.
You also seem to have taken my words out of context.
The current Sound BoD have stated that they are looking at other financing options, i.e. they are looking to clear the debt the bond holder has over Sound.
Now it could be that the Bond holder is quite happy to refinance but the likliehood is that if this is the case then the terms to extend the loan will be to their advantage, they hold all the aces.
Why would they not put various penalty clauses etc. in to a new set of terms and conditions?
If everything was so very friendly, if the bond holders considers the average PI their best mates then surely they would bend over backwards to help us, I do not see that being the case though.
Thus my thoughts and only my thoughts that as stated by the BoD refinancing through other means is a high priority.
But as I have already said I do not know, I am not part of any negotiations, I am in the dark as much as any other average PI.
You may have a totally different slant on the negotations and think that everything is going to turn out rosey, that is your opinion and you are entitled to it.
Again, if I know of or had known of GRH with what he has posted on the 19th May on the PRD board at 13:35, which I have copied below, do you really think that I would have invested in Sound, or if I had lost so much money?
Kas and Zebra
Thanks
CAVEAT:
THERE IS NO SUCH THING AS 100% CERTAINTY
WHEN EXPLORING FOR COMMERCIAL HYDROCARBONS
To try to answer your points/correct a few things:
The technology I am discussing below is proprietary and unique
It is NOT correct to say that the error factor at approx 15% is caused by impervious seals
there is no such thing...
not even granite is impervious...certainly not salt seals
Example:
Tengiz was evaluated very accurately
but from memory it lies beneath over 2km salt seal...
that is approx twice the thickness of Tendrara
The 15% factor is almost exclusively comprised of ‘FALSE NEGATIVES’...
ie the inability of the algorithms to ID some active hydrocarbons...
that can be caused by several factors that are too complex for this BB...
but the solution is simple ...
IE if the tech cannot positively ID hydrocarbon energy...do not chance a drill there
However...
it is important to note that, where the tech DOES identify high levels of hydrocarbon energy,it is almost 100% accurate
IE if we say ‘drill there’ ...you might wish to drill there
if you want to, you can further evaluate the locations in advance by throwing limited lines of 3D seismic...
to confirm structural scope/integrity...
but then drill
I am concerned about publishing much detail about Sound issues.
The new team there has a major challenge on its hands and I wish them well
On the other hand, I am also concerned not to allow a false impression to exist as to the tech’s efficacy
It is a tricky balance ...
so just absolute minimum Q&A...
Q...did you ID in advance Sound’s non commercial drilling locations as unsuitable?
A...yes
Q...did you inform Sound accordingly in advance in writing ?
A...yes. including in meetings
Q...do you believe the Sound licenced areas contain significant hydrocarbons beyond the 5 horst?'
A...yes
Q...do you believe you have identified WHERE exactly?'
A...yes
Q...did you advise Sound accordingly in writing?
A...yes ...but without providing co-ordinates of course
The shareholders in Sound suffered massive losses
IMO it was 100% avoidable
ATB
GRH1+
Daveyboy71, I invested in this company because of the asset that they own in Morocco, because of the large quantity of gas in the licence area.
Why do I want to quickly find a substantial commercial discovery? Are you joking with asking this question, or are you serious? I'll make the crazy assumption that you are actually serious.
Well the first and biggest reason is that I would actually like to see a return on the money Iinvested, the only way that is going to happen is with a substantial commercail discaovery.
We are now in May, almost June.
Say for arguments sake we are to get financing, negotiations are still ongoing, how long will it take to complete?
Then the drill location needs to be decided upon.
Then get permits in place for that drill
Then actually drill
Then if gas is encountered tests need to be run to prove commerciality of the location.
Along with an independant assesment of the area.
These steps are not done overnight, to get this all completed within one year from now would be good going.
Again I am being associated with GRH, I do not know him, all I have done is researched the technology that is used by the company that he works for and come to the conclusion that it can be used to reduce risk and help identify the location of commercial hydrocarbons.
If I did know him, do you really think that I would have invested in this company and end up losing several £10's of thousands?
At this level Scotforth could raise enough to buy Sound and drill in the right place. Absolute boo looks from a **** poor tin pot pile of doo doo company. KAS 250 GRH etc still banging on. Stick with the plan and our new leader. We may just survive. Everything else is just back seat driving.
As has been mentioned on many occasions Sound is in a precarious financial position, and it appears from what the Sound BoD have said that the bond holder appears to be unwilling to restructure the debt that Sound owes them.
Of course this maybe totally in error and the bond may well be up for renegotiation perhaps though any new terms are too onerous. I obviously do not know as I have not been party to any negotiations, it is just the impression that i get from the current Sound BoD.
CIP therefore see it in their interest to have their money paid back to them BY the time it is due, no matter the consequences to Sound Energy and the associated share holders.
If GL is able to obtain financing to pay off the bond then CIP also win, provided Sound discover significant commercial hydrocarbons, due to their holding of 18+ million shares.
As for the selling of shares, maybe the question that should be asked is for a complete history of all shares that Marco and backers/asociates owned, when they were bought and when if any they were sold, the most interesting point in time of course would be when the shares were at 80p+, at the end of 2016 early 2017.
As for GRH, if you had noticed he has posted both on here and now posts on the Predator Oil and Gas board. Of more interest to Sound share holders though is his post on the 18th May 2020 at 13:41, which is as follows;
Thanks all...
really nice of you
Wack
I am going to phrase this carefully
and merely tell you 0.01% so you can gain an appreciation
Here goes:
please start by studying my GKP post of 20 DEC 2011... to understand where I am coming from
and compare my prognoses on every well with the actual outcomes achieved AFTER my posting date
Then suppose...just suppose....
the following :
that Sound was told …
in very many emails and meetings...ALL in advance...
that they were drilling in INCORRECT locations
Suppose that did not just extend to Morocco …
but re Badile too
and that they needed to deviate the drill there in order to achieve a decent result
suppose also that they received email copies of technical images showing what are considered to be extremely attractive prospects exhibiting high levels of hydrocarbon ENERGY within Sound's Moroccan licenced area...
BEYOND the TE5 Horst area!
Clearly, the financial results for the poor shareholders in Sound
could have been 'rather' better than they have been to date to put it mildly
ATB
Kas, why the rush to find another commercial discovery? You keep banging the drum regarding this, we have enough to go at with the Horst, we are going to be a producer with an income to eventually look at finding more gas, the company may decide to sell or keep growing and expanding with a knock on effect of the SP through the different stages of development.
Soundasapenny, Sound Energy may not have any choice but to let the whole lot go for £20M plus change, the change to be distributed to Sound share holders.
A liquidity event of the decade or perhaps even the century.
You still do not fully realise how precarious the financial position of this company is...
As I said, IF SM is worth enough to clear the debt why not just sell that to raise the funds to pay the debt off?
The reason I suspect that this is not an option is because it is worth very little, therefore Tendrara then comes into the equation with regards to how much that is worth.
Lets just hope that GL can pull off a major piece of financing then but even if he does, how are share holders going to get see any return on their investment? The only way is for another commercial discovery to be made within the the Tendrara licence area outside of the TE-5 horst area.
So what strategy do you suggest that Sound should employ in order to make a commercial gas discovery?
And if you state they ought to continue with previous methodoly of what is effectviely wild cat drilling, then I might just as well bang my head against the nearest brick wall.
Does bond holder talks have to be legally RNS'd? It's not due to mid 2021, cash runs out end of this year so takes precedence along with funding for LNG y which will most likely be a third party from the vendor supplier.