Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Mr Wolfe, yes I know who you mean & yes, he is of Asian background & a good friend of mine. Sorry to dissapoint but there were no inducements or brown envelopes stuffed with tenners. He just thought size of the field was uncertain & just decided to take his films down. After all, they were his to do as he pleased. He is still invested & I was having a chat with him the other day.
Cheers, Herr Krudenhoffe...zieg hiel!
Sadly, I'm no longer in touch with JP. I don't have his contact details because he must have changed them... I'm sure for very good reasons. But he at least got our tiny AIM O&G financed & extricated from the very expensive Indonesian & Italian projects & introduced us to Morocco. We went from being almost insolvent & known only for a string of dusters - to opening a potentially huge gas field in Morocco. I know you all love the present management & what they are doing....but James Parsons & his team laid the foundations for future success. Without his innovative finance schemes & daring drillls we would have become yet another AIM casino that went big & broke! Some people have no idea what nearly happened at the end of Gerry Orbell's tenure . Every building & project needs a Sound foundation...JP gave us that & saved us from drowning in share dilution. For that, I will be eternally grateful.
Yours, as always, Crude
I could ask the same about your purpose for posting. We post because we are 'invested'. Sometimes we are overly optimistic & sometimes we are not so. But with you there is no variance. Is that a natural state of being for a person with a vested interes? You tell us....
Kylie, there is no point in me "challenging" anything. It will either happen or it will not. But all these conspiracy theories regarding me are typical of folk who either think they know better or there must be a more rational explanation to back up their twisted beliefs. Sometimes what you read is actually true & often boring. My final mortgage payment was due & the sp was 90p. I owed £66 K & decided the moment was right to conclude my mortgage.the SP was falling from a record high of just over £1 per share so I thought rather than wait for it to drop more, I sold. A very good friend of mine had a leveraged bet & rather than risk a margin call at 55p, he sold at 75p. Had I known anything I would have advised him earlier. He's a good mate from the North East & believe you me I would have warned him....had I any knowledge or suspicion. Sometimes the truth doesn't fit the narrative of posters who are naturally suspicious. Sometimes the truth is just boring. Sometimes on the AIM people get lucky. And sometimes those people are brought down because of other investors bad luck or stupidity!
As always, Crude
Kylie, what you conveniently don't recall is that when I sold a quantity of shares at 90p I actually anounced it, before I sold. I even said I was paying my mortgage off. Where your logic & that of others fails is that if I was supposedly 'in the know', why didn't others follow the imagined 'Pied Piper'? The reason is no one really believed or was prepared to back their (faulty) judgement! It is so easy to condem in hindsight but to back your real-time judgement - that's not so easy. So much more convenient to jump on the bandwagon & lynch the fella for something he was innocent of...but then when did a lynching ever need cold, hard facts!
Kylie, remind why you are here? Is it not an option for you to cut your losses & run? If you are drowning under your purchase price wouldn't it be better for you to be hopeful & sit on those shares - or sell? Or maybe you've been here too long & grown bitter? I don't think you have been here as long as me & quite a few others. I've got pragmatic about the whole thing but also very optimistic that Morocco needs local energy & one day we will supply it. Hopefully, at that point, I'm still alive!
Cheers all....Crude
Oh dear, what's happening here. Could be nearly time for a top up. They do say no news is good news...but who said that & what was it about? They obviously werent a trader of stocks or they wouldnt have uttered that BS! News is what we want & it better be good! No news is driving the stock into the ground!
Other than that, etc & so on........
Crude
Wolfe, as far as I recollect Job has always been 'Jobbinscl'.
He's no ramper, just someone who wants to make a profit & has seen the opportunity over the years that, on occasion, presented itself. Opportunities will soon present themselves once again but shareholders are not 'rampers' because they believe in their investment & current Company operations. There is a difference between an enthusiastic investor & someone who just pumps out repetitive, inane propaganda to serve their own means.
Crude...I was always a believer in our Moroccan acreage.
Well said, Job. Ducks still have to be lined up & signatures signed on the dotted line! 'Due diligence', small print, contractual law, high finance...it all takes time. But when said ducks are all in a line & much more 'de-risking' has occurred we'll see steady SP progress. But it will only then take a good well success to really launch our share price. As we have seen in the past, things can happen very quickly with some good news. Some of us remember flying from 6p to 66p in very short time & from 20p (post-consolidation) to £100!
Crude...optimistically!
Yeah, come on Graham, talk dirty; tell us about the multiple TCF potential & how it just grows & gets bigger...oooh yeah! What about the 'Ducks' ...surely there are some ducks. Are we quacking & waddling? If we are then there is only one duck & he sure ain't forming any line! Let's hope said duck is paddling furiously below, whilst keeping a very boring demeanor above...
Crude...bored but still feeding the ducks/duck!
I'm sure Simon will fulfill his duties on the Audit and Remuneration and Nominations committees of the Board in the time-honored usual manner: bonuses all round for an excellent job! keep up the good work & here are some free shares & warrants etc etc. But these bonuses must be earned & not just doled out like candy to pacify board members who complain about the cost of living or think the AIM is a free lunch ticket at the expense of impoverished shareholders!
Congratulations & welcome aboard, Simon. All the best...Crude
Testpack, you do make me laugh! I can assure you the "poodle" never got any scraps from Parson's table. You can say what you like but when JP took command we were desperately failing under the affable,genial, but ultimately useless Gerry Orbell. We were taking on so many shares to fund a campaign that was doomed to failure due to its sheer extent, size & CAPEX draining nature. JP extricated us & raised much needed finance through non-immediate dilutary measures. Those measures not only kept the lights on but literally laid the groundwork for where we are now. So don't give me all that bs.because I well remember all the way back to 2010! James has his faults, for sure, but without his bean keeper head we'd all be down the toilet by now!
Good day to you,
Crude
Blink, that reminds me of Labour Chief Secreatary to the Treasury, Liam Byrne, saying "there's no money left" when the Tories took over in 2010! Ðont believe all you read....
Would you place blund faith in this Sound administration? Timelines & costs are always oversold to punters, I.e, it always costs more & takes more time! Would I trust these guys more than JP, probably. But only because the hard groundwork was laid beforehand. We have a great foundation to work on & hopefully the right team to reap the rewards. Those TCFs are out there...let's find them & let's finally produce credible volumes of gas!
Crude
Let's hope there is not much overspend on phase one as it could cost us around 9% extra revenue for 5 years...ouch! But overall very positive & I'm sure we all look forward to being 'carried' on that very promising TE4 well location. How long all this takes is anyone's guess but I'm sitting tight on my shares & looking forward to another excellent return. I love Sound (I even have a Sound number plate & I love Morocco. I think we have a great chance of success!
Crude
Testpack, by comparison we're all semi-evolved simians. So says 'Parson's poodle'. I thought I'd get that one in before you did! Anyway, the so called failure' is only a failure by comparison to the metric of our current success, which as of now is not quite visible to the human eye. When we are is when we can possibly start to measure what went before, although of course, building blocks were laid on a foundation of discovered hydrocarbons. Anyway, you did make me laugh...
Crude
Bluboyz, apparently this 'thing' can pass the bar exam to become a Lawyer, so writing documents, letters dissatations & legal agreements is no task at all. It could probably sign on the dotted line if you asked it! This technology is rapidly changing & updating & soon we'll be in a world hardly recognisable from the one I grew up in the 60/70s! A much called for moratorium is a pipedteam. Like splitting the attom & creating atomic bombs that could create 'MAD'...the genie is out of the bottle with AI & it ain't going to be restrained!
Crude apologies for O/T
I thought Chat gtp was amazing but this latest iteration seems light- speed quick! I asked it to write a poem about the Beatles & almost before I could snap my fingers it had appeared on my screen. It wasn't Wordsworth-like genius but it covered so many important stages of their career & was eerily knowledgeable! I just wonder if asked to perform the task again if it would repeat it...or is my AGI poem unique! I even asked it to write a letter (email) to 'Highways' about a road sign In my area I dislike. I gave it some salient points & bang, it appeared almost instantaneously! Even the so called Godfather of AGI (an English man called Geofrey Hinton, whose 'Backward Regeneration' technology is behind all this) resigned from Google because of his fears for mankind: being outsmarted by artificial inteligence is now such a worry & no wonder! This is beyond comprehention but can it be harnest by "Semi-evolved Simians" is the question of the century!
Crude...apologies for O/T but I am blown away by AI!