Member Info for crudehope

Trellis, that was a nice little analogy and definitely not lost on anyone who is still half conscious with anything resembling an IQ...it did make me laugh...............

Jez, yes I must admit I am concerned about the quality of alcohol that some here, obviously including Trellis, have to sup. I might include myself in that. Times are so uncertain that I have had to order a case of mixed from Laithwaites...pleased to announce it arrived yesterday with two free introductory bottles of something they call 'Duck 'n' Pheasant...so you could say 'the ducks are lining up nicely...just not the ducks I hoped for!!

Cheers Crude....it is now time for a Jacuzzi and Mr Matey!!

Jez, we/I have to remain positive. No one wants to sell at a huge loss but if we have to stay we should try and look on the bright side. I just dont see why 10 & 11 should be written off already. 9 &10 are different plays...strat trap next up...it could be huge! My glass is always half full...I keep complaining to the barman...lol!

Trellis, I hope you can one day appreciate the finer qualities of your cellar and never have to resort to Lidl, as aluded to earlier.

Cheers, Crude

Hoppy, Sound Energy are a company I am proud to be invested in and associated with. The staff at Sound are decent, hard working people trying to do a difficult job and they do not deserve the insults they have no doubt had recently. The international connections and partnerships we have formed speak loudly in our favour . Hydrocarbon exploration is and always has been a tough, risky gig.Let the Company do their job & find those hydrocarbons....they are out there I am sure and we must hope they can find them. But the sell button is always there if folk can stomach the losses incurred. If not sit tight........

Jez, Brian May have made some excited comments on Badile but the fact is he did not position that well or TE8. I do wish investors would admit to that and move on. There is no reason to apportion blame because of a failed well in an exploration campaign...failures are par for the course and we know the odds are 1 in 4 - or if lucky 1 in 3 successes. You can say we have so far had 2 unsuccessful wells in Tendrara and so the odds of a success must surely be in our favour now. I dont buy all that incompetent interpretation of siesmic bull...we had Westen Geco & Shearwater, plus our own team evaluating the science. You can't tell me that TE9 is all on Brian and that he should go...I'm not buying it & I'm not baying for blood like some pack animal. What I am doing is being calm, reasonable and rationale. We have a funded 3 well program and it continues...at the conclusion of which we will be sold!

Retour, although the critics panned 'Gold', even though I thought Mathew McConaughy played the part superbly well...comparisons to that film just do not help those of us who are underwater on our investment in Sound. In any case, the Geologist in that 'true' story film was bent, pure & simple. But even taking that into account I can see why you might allude to that film as a general AIM warning...but definitely not specific to Sound! I loved that film & even when I watched it a couple of years ago it still sent shivers down my spine...I wouldn't dare watch it now as it would more resemble a horror film...in the light of recent events!

Cheers, Crude

Sundance, I can see the headlines: wanted, inter-state & internationally - cereal CEO chancer & ultimate blagger, Pete Landau! Warrants should be out for his 'outrageous ramping, misleading investors & alleged felonious AIm activity'. If you happen to see him...walk the other way & do not look back!

Sundance, I knew what you meant as I was once a RRL holder..but fortunately sold at 9p...having failed to realise in time that 'Pistol Pete' was the original car salesman - even outdoing Arfur Daily himself! I still made money but was glad to be out . So much hype about Puntland...such an apt name for a chancer like old Pete. Thanks for your kind comments; I did enjoy the comparison & it did make me smile remembering those promising RRL days...God, I hope we don't end up like them!!

Cheers....Crude

Sundance, I wonder who your 'Celtic Heart' is right here on LSE?

Billfish, fair comment about the usage of the term 'portfolio'...well spotted & must surely be worthy of more debate & questions to the BOD regarding it.

WWW, you truly are an idiot! I am the most accommodating & transparent investor on this bb but you stretch credulity to the limit. You have some sort of agenda that seems to centre on me & make me out to be some sort of 'Pied Piper', leading the children to their doom & destruction! I am not the legendary character you think I am...I'm just a Sound Energy investor who happens to have confidence in our BOD & our stated, ultimate objective: LE...Liquidity Event, whereby the Company are sold after three wells are drilled.

blocker, I certainly would not class the value of our license area as 'diddlysquat' without further discoveries. There clearly is value that we have added with all of the work carried out so far. However, it was mentioned that the TE5 horst could be sold as is but what implications would that have for the value of the remaining license area in a potential firesale scenario..the billion dollar question?

All those that asked about Luca were I am sure disappointed with the stock answer: he has retired! I personally think there is more to this than meets the eye & it could be tied up with TE8. Was it actually Luca pushing for a quick drill because he was keen to fulfil license requirements...or was it Shlumberger who ultimately swayed the decision. Maybe it was neither but I prefer the former. Why retire now just before the conclusion of a project that his father was involved in - the business of discovering hydrocarbons in Morocco? TE8 & Luca leaving...is there a 'smoking gun'; just coincidental or maybe Luca's baby gestates for longer than any other mammal on Earth, but he just couldn't be around for its birth! My support for this Company is well known & I fully support them now & I understand & appreciate the problems they have had with the interference on the seismic...but to just trot out that Luca is retired & say no more is, even for me, incredulous!

I am sure many investors who, for whatever reason, could not access the FSC appreciated Neptunes relaying of it on LSE. It takes time & effort & I for one relied on it for the first half hour so thanks Neps!

Jeronimo, your comments are completely unhelpful. If you had ever met Brian you would know he just isn't like that. He is a scientist & we are not & as such he bears in mind that sometimes his explanations are difficult for most 'inquisitors' to understand!

I personally really appreciated that FSC. It is plain to see that we will be sold soon after our three well program. There is value in our TE5 horst & there are interested parties for that alone. What wasn't clear was if the wider acreage would have much value if the well program failed. I am sure it would have prospective value to an IOC but what...they of course cannot provide commentary on that. We know the permit was worth around £50 million before we commenced any work (I broke that story pre-Shard) but what sort of value (without further discoveries) might it have now? Potential buyers...I have always thought OGIF would be the natural fit, even more so than Shell or Repsol. I am confident they are fully supportive & I think they would love to take control of their countries natural resources...they have access to Moroccan money markets & I don't think acquiring cash would be a problem...if the data supported their business plan. We'll soon enough see......

The only question I had time to send in was whether they needed more time to interpret the seismic & would it help...more time equals more money & in any case it probably isn't necessary. I think Brian answered another question in that vein by stating we might still be drilling in 2020...how many here would be prepared to wait that long since the 12-18 months guidance?

Full marks for humour go to the poster who totally flummoxed James by suggesting we get SDX to help process the seismic...that made me smile! Also, Jobbinski's 'dangled carrot' brought a smile to my face...well done Job.

'Plan B' wasn't much mentioned...because they are confident one won't be needed. But they can always go to production on the horst & instigate Sidi Moktar with some seismic work and drilling. Pity our Chairman wasn't around to re-state what he said at Oujda but never mind...he was convincing & came across as genuine when he said they 'have our backs' - oh & by the way, of course,there was no price-sensitive information revealed at Oujda! Anyway, we currently have a value & by year end should have some idea when that much talked about GSA is finally revealed...but the value beyond that horst is what we await............

Don't be a drama queen Fell! I am busy at work and will not be able to attend the FSC - I suggest you ask the question!

Joe, that is a question best answered by JJ or JP on the FSC. I am sure someone will ask it...

Panther, I totally agree...JP said to me yesterday the plan is ongoing...to drill & sell! At the Investor presentation in Morocco our Chairman, Richard Liddel, opened the event with an extensive talk on a 'Plan B' option. It is unfortunate that I was not able to film it but he came across very sincerely & I really respect him for that. I will be at work tomorrow & unable to ask questions (No longer able to use precious NHS bandwidth or even my own...seemingly) but the 'Plan B' that Richard was very keen for TE9 attendees to absorb should be one of the main questions to ask...we need it reiterated & on record. I must say that Richard comes across as a true gentleman with genuine concerns for us private shareholders.

Crude

trellis, thanks for your kind comments...I really do appreciate them in these dificult times.

Fell, I can see why you & many others would be suspicious of JJ's input considering he may well be our chief negotiator for the GSA, (which incidentally would include input from our partners OGIF & Schlumberger) because of the slipped timeline. But JJ will have been instrumental in the BOT negotiations & the last round of financing & of course will be our link to interested parties, along of course, with Rothchilds Bank. He will be the one that steers our FID & the negotiator for the farm-out of Sidi Moktar. There are possibly other critical issues that he is involved in that we are not party to. Whether he is worth his wage could be a point of debate - but the role he fills, in my mind, is not up for debate! JP cannot run this Company on his own & someone like JJ Trainer, with specialised skills, can help with the strategic & financial forward running of our Company.

Regarding Brian's input...he had help interpreting seismic from Shclumberger & Sheerwater. Seismic, whatever resolution, will not guarantee hydrocarbons. You can determine reservoir potential & you can be certain of your cap rock, but cannot guarantee hydrocarbons will have migrated there. Maybe a question for tomorrow would be: are you still thinking in terms of big budget BG when you plan the well program? But I doubt that as he knows full well we only have limited funds & JJ will help in that guidance. I don't have an issue with Brian & hopes that he remains: third time lucky in Morocco - hopefully. Exploration has and probably always will involve lots of dry holes on the way to proving up new hydrocarbon provinces. if you read up on all the great discoveries of the past you will know this to be true...but it obviously doesn't help the small investor on AIM. Many an investor in the US during its time of great discoveries lost money backing wildcatters just before they eventually hit the big strike! You have to admire punters back in the day...it really was a case of picking surface geological outcrops or even just a salt dome, as in Spindletop, Texas, back in 1901!

Fellrunner, wasn't a figure of £100k mentioned by JJ or JP as the cost accrued by retaining Rothchilds. Whether that is a total cost for now & there is perhaps a performance bonus built in when we are sold we don't know. As for JJ, you will agree we do need someone to fill the position of CFO...even if it isn't JJ? Or maybe considering our reduced circumstances we job share that position with the CEO, like we used to? I personally think JJ should remain in that position as he is not only CFO but Cheif Strategist...a position that seems critically important right now!