Member Info for crudehope

However, having looked around at the AIM O&G five year history I can only say that Antrim investors would be mad to the point of self destructive if they didn't take our (Sound Oil) offer. Just look around & see just how bad this sector has performed in the last five years. Look at some of the well known names: look at RRL, San Leon, Tangiers, Maple, Leni....the list goes on and on. They have all under performed. Their sp is in many cases is 1:35th of what it was or worse......San Leon were 38p not so long ago.......not much more than 1 pence now. Of course there has been dilution in all cases.......even in ours. But we at least have kept that ratio down. We are only about 1:6th of our highest sp..............we (Sound Oil) , like all companies, have added shares..........but crucially we have added value with those shares. You only have to compare our charts with all the others to see how less painfull it has been for Sound Oil investors. So what I am saying to Antrim investors is this: look at our charts. Compare us to our peers. Look at yourselves & look at the market. Do yourselves a favour & join a winning team............or sink like so many other AIM O&Gs....... Crude.......for your own sake don't lose any money. The days of a premium for a takeover are gone. The premium is in the paper you are exchanging. Your new shares will be in a dynamic company. If you vote to keep Antrim you will lose your money............... Crude

Have any of you guys been over to 3Legs Resources to see what is happening. I don't exactly know what is going on but it seems the Company are insolvent and have decided to divide up the capital among qualifying shareholders. They seem to have 18.5 pence on the share as a return for investors. I can't believe you guys were over 6p a few weeks ago.............hope it all works out. Crude

Quite agree Joe. Antrim shareholders should not be thinking about any premium to the shareprice. Instead they should value the quality of the paper they are getting in return. Antrim are clearly going nowhere, have had some huge writedowns, defaulted on a loan & had a firesale of North Sea assets. Their management have a total disconnect to the shareholders should& the money they have will soon dwindle to nothing. However, we at Sound Oil are extremely well & proffesionaly run. Our CEO, James Persons has a business degree and headed up Shell Oil's new exploration team in the Caribbean & South America. He has built a great team around him and bought first production of two Italian gas assets on stream, covering Italian G&A costs. We have a portfolio of previously discovered assets we are bringing on stream & several very large exploration plays.......all on-shore & low cost......but high value to market. Sound Oil are at the start of a very busy drilling period and are well funded, with a cornerstone investor called Continental partners: a Swiss Italian conglomerate. Sound Oil have a very bright future ahead of us & I urge all Antrim shareholders to consider carefully their future - & how they are best served. Crude..........honestly, I would bite their (Sound Oil) hands off if I held Antrim stock. Come & join the action at Sound Oil............all investors welcome to post over at Sound.Oil

Sounds like an awful lot of capital will be required. Speaking as a Sound Oil investor, I well remember when we were drilling in Indonesia. We had a partner (Pan Orient). But conditions were tough & we encountered plenty of volcanic rock....as you would expect. Nothing went right for us & it nearly finished us.....it certainly drained us of what reserve capital we had. Worse than that was the dilutive share raising that followed. The only thing that saved Sound Oil was a change in management. The new CEOs(James Parsons) first action was to sell our equity back to the operator & settle for a future contingency payment dependant on any discovery. We are now only interested in our core business - which is Italy. It may be slow in Italy, but conditions are good - weather wise & financially - & the geology is not so bad either. Gas prices are still quite high & market is readily accessible with existing pipelines. I hope it works out for you guys..............but as far as I am concerned........Alaska North Slope is for the likes of BP & Exxon.....not some junior AIM company gambling on ordinary investor's hard earned cash. Crude

Quite a few stockbrokers own houses that are worth more than Tangiers Petroleum! How much lower can they fall? I'm not a holder but one wonders if now would be a good time to buy.................... Crude

Holy cow Batman............Looks like you've been kicked in the Kalimantans...........ouch! Crude (feeling a bit down today!)

Likewise, if you are looking for a less risky oil and gas play, look no further than Sound Oil. We have a discovered asset which is currently on test. The flow rates, resource size & NAV are due to be announced sometime in the next two weeks, or by August end. It's not a case of if gas is there - just a case of how much? Thanks for the TRC tip Peter! Crude.....DYOR etc & so on!