Member Info for crudehope

Jez, I'm not being horrid or rude or even really talking ill of him - I'm just amazed that he has been converted to JP quicker than St Paul on the road to Damascus...what you might call a Damascene Conversion of biblical proportions...............

I see why they call you two the 'chuckle brothers'. I may be a big JP fan but I never once came out with the sort of tripe that Simon is churning out...what is he 'born again' or something - I never met an evangelist like him - quicker to change then Bruce Wayne into his Batman pants... a 'sinner come to repent'...'poacher turned gamekeeper' - do me a favour please before I throw up...lol!

Simon, I think your needle has stuck...ramp, ramp, ramp, ramp,ramp,ramp..................."who wouldn't want to be out of this by close of play today"..."Looks like an rns has been logged imo"..."remember what JP stated"..."Maybe a deal is on the table already"..."PI's will be the last to know"..."Who wouldn't want to be out of this one by close of play today"...?...... "SP beginning to respond to the imminent news"...."This could be the last chance to get in before JP announces news"..."who wouldn't want to be out of this by close of play today"..."Looks like an rns has been logged imo"..."remember what JP stated"..."Maybe a deal is on the table already"..."PI's will be the last to know"..."Who wouldn't want to be out of this one by close of play today"...?...... "SP beginning to respond to the imminent news"...."This could be the last chance to get in before JP announces news"

Simon...how zealous are you trying to pump it up before you sell for a quick 10% profit. You don't think JP is the 'Messiah'...your just a naughty boy!

Simon, you are truly amazing & your comments are pure validation for all those who found it hard to stomach your negative comments, every time you occasionally appeared to impart your wisdom & knowledge of this stock! Punters here cynically accused you of knocking Sound in the hope of getting in at a cheaper price...low & behold here you are talking the company up with your new found 'cheap as chips' shares! But fair play, I nearly threw up reading your last 4 lines...praising JP - really? Fukc me Iv'e read it all now - water to wine doesn't seem that much of a miracle compared to your volt face................

Crude...not complaining - just saying!

Joe, it would seem they swapped it for a less risky target...makes sense to me. But the question does need to be asked...

Pontcanna, please don't advise me about anything...and certainly not about posting on a forum that I have been commenting on for 8 years............

Soundinvestor, you are actually slandering me with your baseless accusations about Mary Hood. You are probably only the second poster I have ever reported on this forum but I cannot let these base & vague accusations go by without retort. I try to ignore you but you keep persisting. I have talked to many people on that trip who know me & even the management & no one knows what you are talking about, save the fact that I did leave my camera in a nightclub & had consumed a few drinks. Your continued slander leaves me no choice but to keep on reporting your posts in the hope you are either censured or banned. No one should be allowed to slander anonymously without recourse to justice...

Mrcautious, you have my empathy with that post. I remember losing on New World Oil, but at the end of the day I only had myself to blame. NEW were hyped & I fell for it - funny thing is I will be in Belize in a couple of weeks & instead of thinking about Sound I will reminisce about my reckless gamble...and then smile, soak up the atmosphere & move my memory on to new pastures (pun accidental)...the desert dream is still very much alive in my mind & the only thing that might upset me on my cruise is sea sickness...but I am an excellent sailor so no problem! I genuinely believe we have prospects that have value but it seems I must add the following caveat, as seen on many previous posts of mine:

Warning: when purchasing products from AIM the following guidelines should be noted:

When purchasing AIM products it is advisable that adults or responsible people are in attendance. Never purchase products that are beyond your financial limits & absolutely never spend money you cannot afford to lose. Be advised that if a product fails there is very little recourse to the law or refund -'Buyer be ware' is standard warning! Finally, when activating the trade, it is advisable to wear protective clothing & stand well clear in case the sheet hits the fan.

This has been an AIM Crude warning!!

Mickey, it's not so much that you have touched a nerve - it's more like you you have the nerve to lecture me about my age and financial situation, implying that I am siting on 'heavy losses'! We are all sitting on losses or lost profit so spare me the 'po face' sentiment... you are all too transparent!

Mickey thanks for your concern about my age and pension but you really needn't bother. You should concentrate on your real talent of seemingly leaking information from well site as that seems to sate your appetite for benevolence!

Cheers, Crude

ddboy, 'crock of a share's is a bit harsh. I know your comment comes from an investor point of view but you know more than most here what is involved in field development and wildcatting. One failed well does not a summer spoil...or words to that effect. We knew that the chances of all three wells coming in were well against us...but we also knew we only needed one to protect the downside and to give us a shot at the big time!!

Fatty, don't come the old soldier...we all know what your game was! You made out you were some kind of concerned citizen - like you were a leading light of the freaking Salvation Army trying to rescue our souls from eternal damnation! Instead of impersonating someone who actually cares why don't you join the Sally Army and actually show you care by your actions...and not your meaningless, faux-pithy comments on this forum!!

Mickey, if you don't mind me saying but your post sounds extremely condescending. You know hardly anything about my personal finances, save to say I no longer have a mortgage. As for stating it is 'difficult for someone at my time of life to recover from that...I am in my mid 50s & don't have to recover from anything. I live in a beautiful house on the South Downs; about to go on a cruise of the Caribbean and Central America (this Sunday coming) and am not exactly poor....so spare me your sympathy. As for persuading others to invest: I clearly state these are my opinions and have often reiterated my standard AIM warning, which LTH will no doubt have read many times.

Cheers, Crude....Caveat Emptor...........................(actually, I wonder where he went?)

Shpunken, I appreciate the variables are still variable but I am just roughly assessing what I feel I will now base my continued investment on. We all have our own entry points & therefore what we are looking for as a minimum break even price. Admittedly mine is fairly low but I am still looking for a decent profit. I feel this can still be achieved, albeit our calculations are not exact & we know nothing of what is actually going on behind the scenes. I think East Morocco is hugely exciting for majors; I don't think our major shareholders will let us be sold for a song & neither do I think they will buy us for a pittance: even though they could be in a position to I just feel the King will want a Major to own us & therefore a fair price will be arranged to accommodate OGIF...with all their in-country & royal connections as concerned shareholders.

andy, after the last RNS I contacted him to wish him & the team good luck with TE-10. I did ask him about that 14% COS but he said it was fairly standard, which I knew to be true since talking with Luca on the TE7 bus. I should have asked him about the change in plan of dropping the Paleozoic target for the 'structural closure' instead...but I figured it was a prudent move by the Company to drop the very risky Paleo play in favour of something more attainable: even if we are only talking in terms of a few hundred billion cubic feet gross at best it would still bring some cheer to a much beleaguered shareholders...

Cheers, Crude

Blocker, this is me speaking.

N4aPound, I reckon our Horst value is above 40p even heavily discounting for CAPEX. I am not trying to give false hope, this is purely my opinion. A major company would find our license very fiscally attractive & would have the time, money & expertise to fully exploit the basin potential of up to over 30 TCF. I am not a doom & gloom merchant and do realise that field development can be beset with obstacles that have to be overcome...it's what majors do every day off-shore...imagine what the likes of Shell or Repsol could do with our on-shore licenses. They could well take a punt: a billion dollars more or less is chicken feed for the potential in East Morocco. That's my view & I am entitled to it...and by the way, there is no need to shout, we can all read your comments in standard lower case!

Cheers, Crude

If you work out what we have at the Horst by taking into account our 47.5% equity, minus 50% recovery (nice round figure) & half that potential $8 per scuff for CAPEX I reckon we still have about a half billion dollars worth of gas...which is somewhere in the region of 45p-48p a share. Add the scientific studies & the rest of the license & you have to be looking at worst case of 75p a share. But I am pretty certain our largest shareholders OGIF would not want to participate in a fireside sale. These people are extremely well connected & owned by seven large Moroccan financial institutions: Attijariwafa Bank Group (the largest Moroccan bank), CIMR and CDG Group (the largest Moroccan Pension Funds), Finance Com and Advisory and Finance Group (Investment Companies), Mamda-Mcma and Saham (Insurance Companies). King M6 will want an IOC or National Oil Company to take possession but OGIF will want an acceptable price & of course have Royal connections. OGIF could of course decide to offer silly money for us to take on the project but I reckon the King would prefer it to go directly to a Major with expertise & deep pockets. James has emphatically stated we will be sold after three wells so I conclude there is a Plan B, if the remaining wells fail to find hydrocarbons. I remain very confident that we will either find more gas and/or oil or that we will sell for a reasonable price of up to £1 in the worst case scenario! I know James & I know he & our Chairman are absolutely looking for the best price possible for that 'Liquidity Event'...sometime in the Summer of 2019!

Fellrunner, don't you think it would be for the best all round if you just walked away. Genuine investors here have had enough to cope with recently without your continual undermining of their fragile confidence. Very few people believe you are with them in this helter skelter, Tendrara Rollercoaster...you haven't paid your fare and your not on the ride so you can't complain if you feel it has become too bumpy or scary! Try the slide at the junior playground...not too far to fall and no danger of injury or insult......in fact, you will be among your peers if you do start whinging and crying!

That's bull & you know it fell. If you were that sceptical and dubious about the Company why didn't you sell? Just what kind of investor are you? I have just this afternoon performed as the Major in our local am dram performance of something resembling Fawlty Towers...what performance have you been putting on these last few months or years...some kind of fake investor.............

Fellrunner, I never filter anyone - I do occasionally report posts, but never yours. I should think most here see you for what you are, or more pertinently for what you are NOT- a Sound shareholder!