Sound Energy Share Chat (SOU)

2.00...0.00 (0.00%) ...Bid: 1.90...Ask: 2.10....Spread: 0.20 (10.526%)

Market Cap: £4.57m.

Sound Energy experienced high volatility recently. Strategic divestment of Moroccan assets and transition to a debt-free status serve as primary catalysts. Analysts project significant long-term upside potential, though sentiment suggests near-term caution as the company reclassifies as an AIM Rule 15 cash shell with pending regulatory approvals and project timelines.

Laura2022..."2p + soon My buys looking very timely "

I asked her when she bought no answer but can see from this thread it was just after I added in the ISA on 1st June 2026.

I do not notice her posting sells

Only a 1/5 of a normal traunch size I gambled .

Up around 6% Ask to bid .

1.70...-0.18 (-9.57%) ...Bid: 1.60...Ask: 1.80....Spread: 0.20 (12.50%)

1.80..0.00 (0.00%) ..Bid: 1.70...Ask: 1.90...Spread: 0.20 (11.765%)

Https://www.thisismoney.co.uk/money/markets/article-15858399/SMALL-CAP-MOVERS-AIM-strings-second-winning-week.html

https://www.google.com/finance/beta/quote/SOU:LON

1.70...-0.18 (-9.57%) ...Bid: 1.60...Ask: 1.80....Spread: 0.20 (12.50%)

Market Cap: £3.88m

A small top up in ISA for 1.7p ( nearly a double up after consolidation )

Still blocked from adding on main acc.

I see Laura2022 is posting she is buying .

2.30...-0.55 (-20.00%) ..Bid: 2.20...Ask: 2.40...Spread: 0.20 (9.091%)

Market Cap: £5.02m

Ignore the subject heading .

Sound Energy PLC, down 22% at 2.15p, continues to fall after Morocco divestment.

Low 11am 2p down 26% .

Closed 2.37p down 14% .

Traders around the bottom on it .

2.75...-1.95 (-41.49%) ...Bid: 2.50....Ask: 3.00...Spread: 0.50 (20.00%)

Market Cap: £6.28m.

Ignore the subject heading .

https://www.google.com/finance/beta/quote/SOU:LON

Traders around the bottom I noticed 27 Feb 2026.

2.36p low at 9.20am.

On the AIM index, shares in Sound Energy sank 44%.

The transition energy-focused firm said it has agreed to sell its 20% interest in the Tendrara Exploitation Concession, onshore Morocco, via the disposal of Sound Energy Merijda to Managem.

It will receive USD57 million, made up of nominal consideration of USD1 for the shares in SEML together with the repayment of shareholder loans advanced by the company to SEML.

Sound Energy also relinquishes its 27.5% interest in the Anoual exploration permit and waives any subsisting rights in the Grand Tendrara exploration permit.

"Following many years of involvement in the Tendrara project, the sale of our remaining interest in Tendrara to Managem accelerates the crystallisation of significant value for shareholders, while also reducing the company's exposure to the future funding requirements of the larger Phase II development, and enables the company to reallocate capital and management focus towards its next phase of growth and strategic priorities," said Chief Executive Officer Majid Shafiq.

Or

Invest at 10yr lows and take responsibility for investments

This for me, was a complete disaster, took a massive loss after the failed promises by the board of sharks.

Will be using my money a few hundred quid to take Mrs out for 10 year anniversary, nothing to fancy for her.

Lesson has been learned, don't invest in BS AIM stocks.

You're not very bright I assume

What a comic, you need to get your facts correct, because we are only just getting started in a new direction,bye!

Face the facts. It's over for us. Someone else will get the gas and oil money. The current outfit will run the few million left into the ground paying their salaries as a life-style company. The dream in the desert is over, for us.

Bots, we seem to be on the same wave length, my Q&A's ask about the points you mention, and I bet you will be able to guess which 3 Q&A's are mine on Monday,gla!

BV

The SP has been edging higher recently. In my view, this reflects the market starting to reassess the “cash shell discount” currently applied to SOU.

Once the Tendrara sale completes and the cash lands (expected by 31 July), SOU will have six months to complete a qualifying acquisition before suspension under AIM Rule 15. That uncertainty explains the discount, but management’s recent comments suggest the board is already well advanced in considering its options.

In both recent Q&As, Majid has emphasised the experience of the team, the depth of their industry contacts and the clear criteria for any acquisition: cash-generative assets with development upside, focused on the Mediterranean region and Africa. To me, that suggests the board is not starting from scratch and likely already has a list of potential targets.

It’s also possible that opportunities which were previously unattractive due to SOU’s debt burden may now be back on the table. A debt-free balance sheet with cash gives the company far more flexibility than it has had in recent years.

Another important point is Tayra. Management has stated that the solar JV may qualify as an AIM Rule 15 asset. If so, it could remove the immediate cash shell deadline, giving the board more time to select the right acquisition rather than rushing into one. That would materially reduce investor risk.

Majid has also said he hopes to update the market on acquisitions “very soon”. Of course that doesn’t guarantee a deal, but it would be a strange comment to make if discussions were at a very early stage.

In short, the cash shell discount assumes management will sit on the cash while the clock ticks down. The board’s recent messaging suggests the opposite: a clear intention to move quickly and rebuild the company around cash-generative assets.

As for what they might buy, my guess is that an initial acquisition could be a relatively small cash-generative Moroccan solar asset, funded from existing resources. The market may not love it initially, but it could provide income and potentially satisfy AIM requirements. Beyond that, I would not rule out a larger acquisition, merger or reverse takeover. SOU’s AIM listing is itself a valuable asset, and a private company could potentially reverse into SOU while gaining access to both the listing and the cash balance.

For now it’s speculation, but I think the market is slowly beginning to price in the possibility that SOU’s future is worth more than a simple cash shell valuation.

RS:

No, not a board member, an investor with a very cheaply procured 0.5% of SOU in my play portfolio. I haven’t been through all the nonsense with Parsons, if I had, I might be bitter too (which is understandable). Majid took on a mess and did his best to turn the balance sheet around, but it didn’t work out. When the cliff edge came into sight he pivoted sharply to save the company from liquidation. I think it’s a shame he’s being cast as the villain.

Majid is a shrewd and proven dealmaker (previously with i3e). He now gets to ‘choose’ the direction of the company regarding future acquisitions. It’s essentially a new company with a CEO who, at last, has the chains and shackles removed from the mess he inherited- and can show what he can do. I’m optimistic about the future, and looking forward to future updates.

Bots as they say, "cash is King " and," get up dust yourself down and start again".

Summerville, how strange that your page no longer exists,off you pop.

Bots, I presume the discussions of potential deals and financing will now resume behind the scenes whilst waiting the July completion. We may also get some updates about Tayra at the AGM next week.

Voted carried with a few disgruntled investors, but it’s comfortably passed. Majid has some work to do to sell his vision of a new company at the AGM. All eyes on completion at the end of July.

Rubbersoul, no, SOU will have a clean balance sheet with the ability to source much cheaper funding to buy "cash generating assets" to replace the non existent cash flow. We also have 100mwp - 200mwp cash producers on top of the 20MWP each going forward with the 80% Renewable funding.

Like the mlng plant it’s all being deliberately held back, all you need is a company with deep enough pockets to take Managem to court for breach of contract. There is nothing left, shareholders will have shares in nothing if this deal gets passed. I would sell it to anyone except Managem, I wouldn’t let them have it.

Rubbersoul, you really think think that SOU would pass the "stress test" for any buyer,we sill haven't got all the permits to drill yet.

For

What I’m saying is they couldn’t have done any worse than 10 pps plus, put a sit sale sign on to find out, what they have done is an underhanded deal that is pathetic at best.

Oh look another alias Clown who starts work at 2am, pathetic.

I bought my shares over the years through a bank , so I was hoping that a notification would come through about my voting rights because I want to say No to the deal. But nothing as yet. Other wise my 475k of share would be against this deal. My attitude now is I’d prefer to lose what I have left rather than this board get a single penny in bonus

Sidimoktar.

How long does it take to put a deal together that winds up a company just before it starts making money 1 month two months three months so three maby four months ago they ,,knew we were going to sold out that the consolidation of share would cut the value by 60% and then when consolidated share price cut by 90%,

Who made rage offer for Sound. Was it caring Managem who delayed everything and then came to the rescue or was it Sound coming cap in hand asking to be bought so the board can have their Sales Bonuses.

I wonder, this was all put in motion many months ago that’s why I have no trust in the board .

Yes we will have a few million at the end but our board will have that in pay and bonus within two years and the co will be bled dry

Let’s see if I’m right

Bots, I was thinking about the farm out due to the 75% holding, maybe SOU could keep say 40% for a free ride if it generates income. Obviously like you I do expect immediate cash generating assets to be bought to conserve cash on the balance sheet. But I thought it's worth trying to get something out of Sidi Moktar if there is no extra cost to SOU, let's see what the Management decides going forward.

My feeling is that Majid would (for the first time) relish being able to purchase and progress assets of his own choosing rather than continue to play an average hand emptied of folding fodder.

Sidi Moktar has been a millstone — a legacy asset from the Parsons era that consumed capital, generated successive impairments (the £12.5m on top of the massive £122m SEME write-down), and never got properly drilled. Majid’s entire playbook with i3 Energy is acquiring and rapidly commercialising assets that are already in or near production. Sidi Moktar is the opposite: an exploration-stage permit with a contested guarantee claim, uncertain geology at depth, unmet work commitments, and a capital requirement to drill that would sit very awkwardly alongside an $11m net cash shell trying to execute an RTO or Mediterranean acquisition strategy.

Before the current transition SOU always looked like a company that was on the right track (baby) but going the wrong, wrong way.

So the probability of SOU extending and actively pursuing Sidi Moktar themselves is low IMV. The more likely outcome is either a negotiated settlement/relinquishment of the permit (possibly at a cost to resolve the ONHYM claim), or a farm-out/assignment to a third party as part of a tidying-up exercise before the RTO clock becomes the dominant priority. But I’m not sure how constrained they are on the decision.

All in my opinion - I’m still new here and reading in.

Considering likely acquisition characteristics (loosely based on what Majid has said).

1/ Private company (RTO)

2/ Existing EBITDA,

3/ Energy infrastructure,

4/ African or Middle Eastern connection,

5/ Existing relationship with SOU directors (perhaps)

6/ Producing oil and gas; or renewable asset.

BUT,

probably not an early stage exploration asset.

Worth noting that Majid mentioned about the deep experience and contacts of the board in the Q&A; he didn’t need to do that . It makes you think that something may have been lined up already. In fact Majid did say they’d put bids in for assets. I’m thinking once the sale clears they’ll move quite fast.

We already have the 1st Tayra permit granted and are waiting for the 3 which is a good start to SOU divesting. As I previously mentioned, SOU & Gaia only have to invest £1m each to raise each £10m through the 80% debt facility for Renewables without dilution. It's been stated that Solar is virtually risk free with a short installation and income period for rapid expansion.

The spread on the sp is a big limiting factor for others to buy ( or sell )

I has bottomed i think, possible matginal progress from here, only good news and future propects can really move it upwards, 10 would be nice after the summer but a long way to go.

The SP seems to be slowly edging back up

Re Bots,

you say "Equally, dilution is not automatically negative (as I mentioned before) if it is used to secure or develop a genuinely cash-generative asset"

Agreed BUT as being a holder for more than 10 years, seen the 1£ days, heard the "10£ won't cut it", I can't imagine another dilution as a blessing in disguise. I take full responsability for not having sold then but in my view, after the last 3 years fiasco of delays etc... the company needs to deliver some kind of momentum to regain investor's trust. In conclusion, the dilution can and MUST wait,

P.S. It's nice to know that SOU wont be paying $2m servicing the Debt pile and further drilling commitments. Instead, we will be able to expand at the pace that we choose in future.

Bots. I fully agree about getting a great deal from the Bond holders to clear the debt. The 20th March raise of $2.2m on top will be used for general expenses and for initial funding purposes for the Tayra Project. The March RNS also states Gaia have already done a lot of the Donkey work if you read the "Solar Joint Venture Section".

Since you haven't incurred a lost, I'm genuinely baffled as to why you're angry.

I think it’s fair to question how much cash ultimately remains after the transaction and whether future dilution may be required. That’s a legitimate part of the investment debate. Equally, dilution is not automatically negative (as I mentioned before) if it is used to secure or develop a genuinely cash-generative asset — in that case the key issue is simply whether value creation outweighs the reduction in ownership.

The real uncertainty sits in the execution and funding model going forward, for example:

1/ Can projects be funded at the project level?

2/ Can partners contribute capital?

3/ Will development rights be sold before construction?

4/ Or will shareholders need to provide additional funding?

At this stage, none of that is fully visible outside management, so dilution is a possible 'risk' — but not a foregone conclusion.

However, I don’t think it is reasonable to state as fact that management have “sold shareholders down the river” or acted improperly without clear supporting evidence.

Overwhelmingly big sales all day today, tells you all you need to know about mkt view on the mgt team, BoD, company, strategy and selling all valued assets in this company away for 9.5m usd net to SH after Sidi penalty. Take away 9 months of G&A costs and you have 6m usd left, can't do anything with that. Dilution coming in a big way.

Loll

I see the Circus is in Town again,yawn!

Bots, I have a timeshare to sell if you’re interested.

Just been reading up on majid shafiq and I like what I've read. He's wiped the slate clean here, and with his experience and contacts, he will already have a plan for this company. I'm down 4/5 of my investment no point selling now as I think in a couple of years I'll be in profit ( fingers crossed )

Dr jenner

11yrs on LSE almost all SOU

Filtered

BTW can sell nearly 1mln and glad my average is under 2p unlike u lot

This share turns into a joke

I was only here for Tendrara but with a market cap of £4m & soon to be cash of £8m I'm going to wait to see how it plays out. I can see the potential in Solar but after all that's gone on I don't trust them to deliver.

If Tayra is enough to satisfy Aim 15 rule as Majid suggested in the Q&A then great but I'm not sure it will. The glaringly obvious RTO for me is with Getech.

I have no interest in keeping Sidi, it's clear no one else wanted to farm in so if they can get off the hook for the $1.5m then that is a bonus but I am anticipating it will have to be paid.

Real sell was higher at 1.725p when i checked (200k)

Even the sell has gone to 1.71p from 1.6p when some got robbed at the lowest price.

Should tick up soon

LOL KYLIE, insane people chat about a Company for years without ever owning a single share just to crave attention,bye!

BV, you are completely insane. Just like Adam. Posted on here over 1000x and called this share wrong every single time, yet still posted complete unsubstantiated garbage.

Bots, i'm not concerned about other peoples cash,unlike the doomsters on here. I hope that all genuine investors make a profit in the end, so good luck!

Thanks for your concern BV. I’m not underwater and this is the only speculative high risk investment. Everything else is wrapped in boring diversified funds.

I miss the adrenaline rush.

Bots, that's a lot of cash to invest in a single AIM share, it all depends if you are under water or not,good luck!

RS, you sound just like a reincarnation of kylie/ jenner. Anyone "normal" wouldn't care a hoot about SOU with no vested interest, what a wierdo.

BV . Haha, sadly for you you’ve just described yourself, and you will be a very stale one by the time you leave. The money will be gone by a couple of years so you have a time line. I will just be on here until next Tuesday to see how things are going with the giveaway then I will be gone. Remember what I told you about consolidations, it might be worth writing it down for future reference.

Rubbersoul, stop hanging around like a fart in a lift and get a life.

Balanced viewer, yes I was lucky enough to get out and would now like to see Lyon prosecuted, I tried to advise you how the consolidation would go but you argued with me instead, I smelled a rat and was going to buy back in at first gas ,but I didn’t envisage the debacle that followed. You should have listened but didn’t so here you are, oh well never mind.

Yes, you have wrote a lot of nonsense, We were fully funded to first gas, as informed by the bod from the first Managem deal, then repeated many times over first gas will be 3rd quarter fully funded, which everyone was waiting for. Then weeks from actual first gas and income they do a deal to give Managem everything else that’s worth having for less than a years income from the mlng plant , whilst keeping sound energy as a shell to avoid a buy out. Lyon and his accomplices can’t plead incompetence as an experienced oil and gas man if he signed contracts without timelines and penalties for delays, and neither can the lawyers. Maybe he has disappeared to avoid incriminating himself further.

As for sidi having 9 tcf , there’s a reason no one would touch it for a decade. Tendrara and anoual went from 32 tcf to 11 on sounds website, as if it was being deliberately downgraded for something, but what could it have been???

BOTS, don't forget that SOU still have 75% of the Sidi Moktar asset waiting for the permit extension with our partner ONHYM 25%. The info states that the asset has up to 9 TCF gross Unrisked Exploration potential following the historic 2D seismic, with an area of 4,711 square km. My Q&A confirmed the above at 35 mins into the investor meet,so not is all lost if we can fund the drill at some point.

I think many investors will wait for the Tendrara sale vote (GM 16th June) before speculating. This is classic investor behaviour in the circumstances; "why invest when there's a risk I don't have to take?" Assuming the vote carries the share price will often stay flat or dip a little as pro-Tendrara investors are finally flushed (I suspect most have gone), and from that point forwards the company is essentially a 'tabula rasa' waiting for news on deals. One thing that could pop the share price up would be a nice RNS saying that the company have broken ground on Tayra. Second if the company state that the Tayra development nullifies Aim Rule 15. If Tayra is consider to be a qualifying operating business then SOU is removed from cash shell status and the requirement to secure a M&A deal within 6 months (pending suspension from AIM) is removed. Majid hints at this but not set in stone. Either of these announcements, which could come at any time around now, would see the share price pop IMO. Thus I've taken the plunge early.

One of the reasons I'm here is because I follow good directors - Majid was excellent at i3e. You can tell from the Q&A he tells the truth - there's no hyperbole or over-optimism, he just tells it how it is. His comment about the board being deeply experienced and extremely well connected in the industry was possibly overlooked by most - but he's absolutely right. He is the ideal man for precisely this situation. So I'm taking a speculative bet on the board delivering, my edge is that I know what Majid can do (most don't) - I hope he can pull this out of the bag again; but accept a bit of volatility along the way.

Thanks for that Bots

From the Q&A, I like Majid’s confidence in finding a M&A deal. I used to own i3e just before Majid bought some excellent O&G properties in Canada. They were literally company making and I made a fortune as the shares streaked upwards. Since I3e was taken over I’ve retired, so I’ve moved to income funds but still have a play portfolio and now have a small but ‘potentially’ meaningful position in SOU. What I’m betting on is an I3e.2.0. If anyone can do it MS can.

My worries about the AIM Rule 15 have diminished - it’s possible that Tayra, which should be being set up now, will move SOU out of its shell status. Not a foregone conclusion though.

Exciting times are back....cash rich within next few weeks...

I see Thor Energy are on the leader Board with an exciting RNS this morning. They also agree that Hydrogen and Helium exploration could be a Company game changer,read the CEO's comments.

4p by agm or just after it.

I see our resident attention seeker kylie is lonely again, the poor lost soul, what a shame.

1 8p stock gone/going

Breakout day

Or Nt

Nice £10k earlier

London South East

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5.25

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Bid: 0.00Ask: 0.00

Spread: 0.50 (10.00%)Market Cap: £37.52m

ZEN Live PriceLast checked at 07:24:12London Stock Exchange

Acquisition of PV development in Rome, Italy

Today 07:00

RNS Number : 3658H

Zenith Energy Ltd

08 June 2026

June 8, 2026

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of PV development project in Rome, Italy

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the international energy production and development company, is pleased to announce the acquisition of an additional 5 MWp ground-mounted photovoltaic development project located within the Metropolitan City of Rome in the Lazio region of Italy (the "Rome PV Project").

This acquisition further strengthens Zenith's growing Italian renewable energy portfolio and represents another important step towards the Company's stated objective of exceeding 200 MWp of solar development capacity by the end of 2026.

Highlights

• The Rome PV Project brings Zenith's total solar development pipeline to 188.5 MWp, representing 94% of the Company's 200 MWp target for 2026.

• The site occupies a strategically prime location on the A1 motorway corridor north of Rome, adjacent to an established industrial area and connected to Central and Northern Italy's major transport infrastructure.

• Consideration is payable only upon securing all required permits and achieving Ready-to-Build status, in line with the Company's capital-efficient acquisition model.

• The total land consideration for the Rome PV Project is EUR 440,000.

Solar Development Strategy

The acquisition of the Rome PV Project increases Zenith's solar development pipeline to 188.5 MWp, marking substantial progress in the execution of the Company's solar strategy since its launch eighteen months ago and building upon more than a decade of operational experience in Italy's electricity sector.

In the Company's most recent independent valuation as at March 31, 2026, 173.5 MWp of the pipeline was assigned a value of EUR 54.7 million. With the pipeline now expanded to 188.5 MWp and continuing to grow, the Company expects this valuation to increase materially when it is next updated.

The most immediate mileston

PS, I love the Holy Grail reference. I think I posted a link to the scene a few months back in response to exactly the same person with exactly the same attitude. The difference is the SP was around 5p at the time!

"Down 99.8% ? 'Tis but a scratch" 🤣

Get in from the new start

Slate is cleaned...2p is the new starting point.

Next stop 4p and then the world's our oyster.

Pinguser5,

I’m new here, so following your post, I asked Claude(AI) if Parsons had anything to do with SOU. The reply as follows:-

He’s now CEO of Forgent. He departed Sound Energy under a cloud, with 179 shareholders writing to demand his sacking, with critics labelling him a “shameless ramper.”

Claude then went on to quote your post below verbatim.

😂😂

Witnessed the hysteria & excited claims on LSE today of a company called Forgent Plc...apparently the world is at their feet!!

CEO...James Parsons!!! Unbelievable!! Lol!!

The CEO said during the 28th May investor pres that the setup of Tayra energy in June will cover the qualifying asset obligation.

Anyone with corporate governance knowledge know if that’s likely to be true? If it is, then it’s a relatively positive sign.

If the sale deal completes the company has 6 months to find a qualifying asset to buy with O&G prices sky high and just $11m to spend - otherwise it’s a suspension and goodnight Vienna.

SOU could be up a certain creek without a particular wooden implement.

Https://www.investormeetcompany.com/meeting/investor-presentation-1054/presentation.pdf Just a reminder to anyone who wants to know how SOU are going to fund and grow the Company's future direction keeping a strong balance sheet.

Comical Jenner, you post once about CTL, and 20 times here having sold out, I seem to have hit a nerve when Karma has hit you acting a clever sod eh.

I have a number of investments and some are doing better than others. I’m not going to engage with you in a pointless tit for tat. This board is for discussion of SOU. It’s difficult to understand why you would spend so much time researching other peoples investments as it makes no difference to your investment in SOU. Please don’t respond.

Jenner, I could post on your other chat board and mention that your investment is down another 25% today after being diluted. The difference is i'm not a vindictive Clown that posts about a Company without owning shares wasting my life. If I was as sad as you I would have an equal amount of post as you ie 1, and I would be having a good look in the mirror at myself thinking you need help!

Jenner, I suggest you keep an eye on your own investment that you bought in at 11+p and has declined rapidly to 5.9p,bye!

I have been here years I’m not stupid but I am gullable and up to the point when Graham took the bonus I had faith . Then even I seen the light I had up till that point managed to average dowjn to the then 4,6 p. Today that would be 46p so all this talk of double bagging at 3p is rubbish the dilutions just allow management to sell up and get bonuses

So in six months to a year if we have not bought some asset the company winds up so if that happens what can we expect to be left of the 11 million 2 or 3 million well that divided by 228 million is not much.

I’m lucky I need a tax loss this year or I really would be crying

Ya'll thank me later. Don't mind these trolls from both side. They'll soon disappear once this sheetty company disappears. CHAR has massive potential by summer next year, CHAR is the multibagger. I say F this share and F all these trolls with their lies. (I'd chin them if I meet one in real). BUY CHAR !!!

All the hype and a few years later this shamble.

A disaster, I accept the blame of not having sold then, yet I take some solace into not having comitted more money to average down. Once it went below 20p (old money) there was not much to do but to wait I thought, with hindsight I should have cut my losses.

We have lost years chasing a dream, Sound was not big enough to handle a project of such a scale, should have monetised the asset during Covid when it became clear we were not going to make it.

Now, pretty much the same, wait till it goes bust, it might not, but even Majid Safiq did not seem over the moon when he was asked in the Q&A to give a reason for an investor to buy theres in Sound energy.

Sundance, the one thing I'd respectfully suggest you're missing out is, this isn't like everyone bet all or nothing, black or red at the drilling casino and the odds didn't work out for them. this was played and tanked and supported by deliberate misinformation and lying from management. them looking after themselves at SH expense. that's not what anyone signed up for I'd suspect. i know of at least one investor here who is contacting the FCA with a wedge of evidence to see if they can get something to stick to Graham and the BoD in particular. I hope for their sake they covered their tracks well.

Well said Sundance, a sensible and practical post at last.

It is what it is and there's bu55er all anybody can do about it .

LTHS and the like who have been there and seen it before were waiting for that herd mentality that always drives the Santa Anna share prices wind when drilling is concerned and it more or less guarantees to rise and thats what we were waiting for so we could of got out with less level shame for believing Lyons/ Parsons /Mitchener and that other weasel financial clown who said £/TCF when it was actuall arounbd 23p . Well, that's all, gone now and Hydrogen Helium and wind is the new game in town and even if its a dud now as Ps perfectly put it who the fe55 knows as its sure as sheeps bu* the new horizon and seeing as I am so far underwater with this I have no idea what's so ever where the surface has gone who the fe55 knows we maybe at the beginning .

I have been involved with Oil /Gas Offshore for almost 24 years in some of THE most hostile remote places in the world and for the past 11 years havce been in offshore Wind Energy, ensuring cables inta array and export cable burial and lay /survey post and pre /rock placement/cement mattresses installation /PLGR the whole gamut and although I liken it to putting a plaster on a amputated leg it aint going away anytime soon so lets all hope we are in this at the beginning

Best of luck to anybody who still around

When you look back on this, the guy that is even worse than Graham (and that's saying a lot) in all this? the 75yr old looking Skeletor (one for the Gen-Xs out there) looking director who headed up the one man band 'Remuneration Committee" (can you have a committee made up of one person?). He signed off GLs near 700k package last year. Just like all the value flowing to SOU from the original 2024 transaction and asset sale to Managem (most considered that a massacre of SH value) has turned out to be worth nothing, the whole premise as to why GL was ever awarded a penny ahead of a successful P1 first gas and P2 FID is completely beyond me. It turned out that all GLs 'hard work' cough cough, has been worth less than nothing. So WTF was he ever paid any variable or performance related pay? He did nothing other than preside over 98% SH value destruction over his tenure as CEO and Chairman. You can try as best you can BV to polish and gold leaf this turd, but it fecking stinks and its raw and rancid nonetheless.

15+ posts per day on this bb BV, you're starting to look like you are, extremely desperate. between you, Adam and Laura, the pumpity pump isn't going too well. you need new blood to come in so you have someone to sell to. that needs a commercially robust outlook from the company. the opposite is true. unless you can find a few philanthropists to come in and bail you out and pay for the over inflated and completely unjustified packages of Graham (still the spineless cowardly chairman here), the new CEO and 7 others, then you're screwed. my forecast? you're screwed.

Rubbersoul, check your history 13th feb 11.30, i was correct about the consolidation as well. I guess you have no reason to hang around anymore after selling out,good bye and good look.

For once you’re right , I couldn’t , just after the consolidation I sold out at a loss on just about every share I had ever bought over a lot of years. I was going to see how it panned out and buy back in on first gas sale. I now consider myself one of the lucky ones. The board of snakes will have done nicely out of this if you know what I mean.

The 2 free carry Q&A was answered in the investor meet, obviously you couldn't be a r s e d to listen.