Member Info for crudehope

Yesterday's Fireside Chat was very useful and interesting & some interesting issues were addressed...such as a question from Ingson: "Any news on ground seepage results"? The answer was:

'The seepage survey was undertaken over the last few months, by a company called AGI. The survey involved geochemical sample acquisition, with the objective of trying to collect hydrocarbon compounds from the shallow soil along a number of transects through the region. The objectives of this survey were to demonstrate the feasibility of AGI passive geochemical surveys in the area, and to detect hydrocarbon signatures stemming from potential subsurface reservoirs. A few days ago we received the first, preliminary results from the study. We are still evaluating these results. I am sorry that we cannot say more, but these are complex datasets and they take time to interpret".

I know some posters have been concerned that maybe we were not taking enough note of the ground seepage...but apparently we are. Hopefully the seeps are not at incontinence levels or else we will have farted all the gas away.......

My old mate Ponks is currently asking a question...about Sidi!

Turns out no one wants to ask any questions so if the chap from the West Midlands would like to carry on..........

Keep it brief and to one question was what the Moderator asked...well done that first questioner for sticking to the brief...lol

Too many swingers on these bbs...wildly swinging opinions that is...

Indeed eric...tomorrow should be interesting ,what with OGIF answers & that broker report..................

Smithd13 for asking the question that elicited this answer from JP:

"I understand the maths you are trying to do here. We have in the past trying to illustrate our thinking with numbers / formula etc. What I would say is 1. for sure if the wells work we will get more value for our exploration potential that remains undrilled. 2. valuation is very much in the eyes of the beholder (ie some bidders will ascribe more and others less and others none). 3. The seismic, basin model etc all increase the probability someone will put value and decrease the risking they will apply".

"Valuation is very much in the eye of the beholder"...

blocker, either JJ is lying or mickeytwotoes is a fantasist - take your pick but I know who I believe!

Mr Bouzelmat & his 'Heath Robinson' hydrocarbon prediction machine would get mentioned.....................

I'm glad to hear Luca's baby is still alive & 'expected', contrary to rumours of an early abortion!

"Progressive Research Report"...published tomorrow morning..." That report does include a sensitivity calculation for the value of Te-5 in different gas price scenarios"...holy TCFs Batman, I think my Lycra pants have burst! Finally, a 'Horst value clue'....biff, bang, wallop!!!

"Eric thanks for the question, and thank you to everyone who has been in touch about the value of the Te-5 horst. Like any company, we are not able to comment specifically on our share price or assets. In general, growth stocks like Sound are valued on their current asset bases, and on the future potential from exploration. The rule of thumb we have given you gives you the tools to make your own judgements on valuation and risk. We have been working with research providers to give their estimates of value, and we would like to share this with you, to help with your valuation. Woodmackenzie, which is a well known industry research provider, are carrying a valuation for Te05 of $308m Sound share, which is roughy 23p/share. Progressive Research will publish a Te-5 report on Thursday which will be on our website in the morning, which values the Te-5 asset at 27pps or $360m. Edison have also been commissioned, and will publish a company valuation in the near term. Remember to get to the fully built up valuation of a company, you need to look not only at the established asset base – in our case Te-5 – but also the growth potential, namely the exploration potential. As an example of that, the Progressive report calculated Te-10 potential at 110pps, on top of the 27pps they see at Te-5. These are some pointers for you as you look at your valuation estimates for your company"...

So it looks like we are about to be hit with a Broker note with Churchilian echoes!

And yet they say they have changed the software so that all questions posed are live...except yours of course!!

"We expect tomorrow to provide some insight on the OGIF perspective. We aren't avoiding it - it will make more sense tomorrow"...............that should get tongues wagging!!

Why don't you ask it? Go ahead Foxy...ask that question!!

eric, of course I haven't sold out! You are asking some good questions but I was intrigued that Sarah has said they will be responding to questions on OGIF at tomorrow's Con. Call...what does that mean or imply? Maybe just that Mohamed will have head phones on. All this excitement followed by the 'lack of confidence vote' in Parliament later...

"The data is too noisy at TE-10", said Brian in response to one of my questions & in effect AVA will just not work - so I wonder just what were we relying on for the exact location for TE-10...a hope & a prayer with some divining rods thrown in....soz, that was flippant!

From JJ: "I do expect a good deal to materialise"...so do we JJ, so do we live in hope for a good deal!

Good shout Eric!!

Sreadman, goza, I was just having a bit of fun is all. I'm ready with my questions & was bored so I thought I would write something: I love writing...frustrated non-author is what I am................

Jez, in the interests of entente cordial I will try & resist responding to Simon's posts but you must give some of us credit for being slightly incredulous as to his seeming lack of veracity. If he is a long suffering LTH then fair play...I just did not realise he was ever long on this stock & to be honest I doubt anyone could have discerned by his previous comments that he was a bone fide investor of Sound Energy.

Cheers, Crude