Member Info for Dixie33

Graham Lyon (Non‑Exec Chair) bought 603,093 shares at £0.020724 on 23 Jun 2026 and exercised nil‑cost options for 774,094 new shares (≈0.34% dilution), bringing his holding to 2,078,413 shares (0.91%); Admission of the new shares is expected ~29 Jun 2026, leaving issued share capital at 226,928,560 Ordinary Shares (2,180,000 additional Sanctioned Holding Shares bring the total to 229,108,560). The Board will not recognise voting rights on the 2,180,000 sanctioned shares while sanctions apply (governance risk) and may propose share‑reorganisation if those sanctions are lifted.

I was just offering a balanced view balancedviewer, it's just unfortunate that it doesn't fit your fact light narratives but then we can't all be you - none of us are quite that perfect!!

Make that 1.94p this time next year - sorry!!

bearing in mind that he said this did not include winding up costs but putting that aside, with the monthly cost of keeping the business running at £300,000pm, which directly drains the $11m pot, each share loses approx 0.13p per month, therefore if we have no revenue for the next 12 months the sp would theoretically be 1.56p less thus 2.06p this time next year. *** packet stuff i accept but anyone buying at 2p is not covered by the 3.5p liquidation unless that happens soon (which it won't as directors don't tend to throw away 2-3 years wages) so really people buying in now are doing so hoping that the company will do accretive deals in the next 6-18 months that will start to slow the rate of attrition down and "hopefully" turn to net profit. this is still a gamble even at these prices...

I hope it's John Healey that's resigned and not Denis Healey, as he died in 2015 but then it wouldn't surprise me what with brining the old guard back such as Gordon Brown that they might have brought Denis back and forgot he's dead and been in charge of defence for the last 2 years!!

Yes the names just changed in the last few minutes. Is it possible someone actually reads our posts from SOUND??

It did say this in the RNS ..

"Majid Shafiq, the Company's Chief Executive Officer and Andrew Matharu, Chief Financial Officer, will be holding a live Investor presentation"

However, on the list of presenters on the Webinar his name is missing unless it's being taken for granted that he's chairing/presenting with the other 2 in support. If he does turn up then fine but my comments remain. If I expect nothing and get nothing them I won't be so disappointed!!

That's correct regards the presenters.

An exploration director who hasn't drilled anything since 2016 and has spent the last 10 years regurgitating the same presentation pack at every event just tweaking the amount of TCF's at various intervals to make it look like he's busy and of course pinpointing the same drilling targets right up to and including October 2024 where we were promised 2 drilled wells within 9 months of signing the Mana contract (with penalties if Mana don't drill) and when challenged they denied ever saying that and even worse after repeated challenges by me in 2025 they finally broke cover in 2026 by stating that they didn't have the licence approvals sorted out yet!!! What on earth was he doing for 10 years!! I am of the view that the silence around drilling was because they we're working on this plan to sell out and I also believe the delays of parts and to first gas were manufactured for the same reason.

And the latest CFO, who will tell us later in flowery and CFO speak that we had to be shafted before we we're "Really" shafted and lost the lot. You can see it coming!

As for the new CEO, he has been notable by his absence for the whole time he's been here - except he hasn't been here has he. I can't wait to see the excuse for his NO show today but am not impressed by his lack of shareholder engagement and communication. The first thing he actually does is sell the crown jewels, leave us with no discernible assets, no first gas, no future profit from phase 2 where all the big profits sit, no drilling potential (what I invested for and held on since 2016 on this very promise) whilst still saying that we're in a better position to take on debt - debt for what and set against what assets??? His no show is very telling of his character...

This better be a good presentation but John Argent and Andy Matharu are not the best at getting general/business points across, weak delivery and lack any conviction outside their field of expertise. I will join and participate but I'm not expecting anything constructive for the future of this business and suspect this is simply to inform us of what's coming and why they believe/know it will be supported by the major shareholders. This will happen but wouldn't it be great to hear from the CEO with regards the exciting vision he has of the future of SOUND? But we won't because we're just not important enough.

Does anyone view the statement at the foot of today's RNS as a soon to be winding up of this investment vehicle?.............

Update on Realisation Shares

Given the capital returned to Realisation Shareholders to date and the reduced market capitalisation of the Realisation Shares, the Board is considering options for the redemption of the Realisation Share class. A further announcement will follow in due course.

Notice of Meeting for EUR 28,800,000 5.0% Senior Secured Noteholders

Sound Energy PLC (AIM: SOU), the AIM quoted transition energy company, announces that, further to its announcement on 26 May 2026 of the proposed restructuring of the Company's EUR 28,800,000 5.0% senior secured notes (the "Notes"), the Company has today published a Consent Solicitation Memorandum ("CSM") containing a notice of a meeting of the holders of the Notes (the "Noteholders") to consider and approve the restructuring of the Notes ("Note Proposals"). A copy of the CSM is available on the Company's website at https://www.soundenergyplc.com and has been posted to Noteholders today.

The meeting of Noteholders is to be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT, at 10.00 a.m. (London Time) on 18 June 2026.

I Hope that all those wanting answers to their questions will take the time to submit questions (as will I ) via the Investor Meet platform and hopefully attend the call if possible - This is the address to register. I use it frequently for other shares I hold not just SOUND. https://www.investormeetcompany.com/sound-energy-plc/register-investor

Sound Energy PLC, (AIM:SOU) the AIM listed transition energy company, is pleased to announce that

following the announcement of the sale of Sound Energy Meridja Ltd, which holds the Company’s

interest in the Tendrara Exploitation Concession, onshore Morocco, on 26 May 2026, Majid Shafiq,

the Company’s Chief Executive Officer and Andrew Matharu, Chief Financial Officer, will be holding a

live Investor presentation and Q&A session via the Investor Meet Company platform on 28 May 2026

at 5.30 pm (UK Local time).

The presentation is open to all existing and potential shareholders. Questions can be submitted preevent via your Investor Meet Company dashboard up until 9am the day before the meeting or at any

time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet SOUND ENERGY PLC via:

https://www.investormeetcompany.com/sound-energy-plc/register-investor

Investors who already follow SOUND ENERGY PLC on the Investor Meet Company platform will

automatically be invited.

Already down 15%, so 3p is already coming into view!

No wonder the CEO went quiet as he was doing a deal to sell off any parts of the business that would result in any drilling, which was the only thing I was holding onto that would give me any hope of reducing my losses here !

An illegal invasion of a sovereign country should suffice!

Summary

SMIF declared a 0.75p per share dividend for the period ended 31 March 2026 (0.5p regular monthly + 0.25p additional), ex-dividend 2026-04-23, record 2026-04-24 and payable 2026-05-08; despite interest-rate and market volatility the Directors, after assessing projected income and risks, expect dividends for the year ending 30 September 2026 to be >6.5p per share (versus a 6.0p target) and will continue to monitor and update as appropriate.

(OGIF) Oil & Gas Investment Fund SAS Morocco have dropped their holding from 13% to 11.63% and now hold 26,550,865. It is worrying that one of the few institutional and long term investors has decided to reduce their holding. At a time when we are within 3 to 4 months of first gas, they choose this time, with the SP at it's lowest ever, to start working down their holding!!

I note that apart from an update about 3 months ago (I'm sure someone will correct me) where Sound stated they were still trying to get permits to drill! John Argent the Vice President, Geoscience of Sound Energy, who I've met and spoken to 3 times (nice man but tows the party line) hasn’t drilled a well since 2026 despite declaring the same target/s every time drilling is discussed. In October 2024 during an investor presentation he and Graham stated that it would take 9 months from signing the Managem agreement to spudding one of the targets. Roll forward 15 months from the contract being signed and ..................tumbleweed. We must ask ourselves what he’s been doing for the last 10 years because it isn't getting licences prepared, a drill ready or a company contracted to drill.

I took the time to look at Sounds website today in the exploration section and it hasn't been updated for about 4 years!!!

Link to extracts below for research purposes..

https://www.soundenergyplc.com/portfolio/exploration/

Grand Tendrara

Future Developments

Number of targets available for near term drilling.

All work commitments completed for the current period. The next voluntary period commences mid-September 2022 with one well commitment to be drilled before September 2024.

Anoual

Future Developments

“M5” prospect matured for drilling a TAGI target, operational planning progressing.

Sidi Moktar

Future Developments

Our next step is to mature the identified leads to drillable prospects with improved seismic imaging. We aim to acquire new, high-quality 2D seismic data in 2022, focused on improving the sub-salt imaging. This work is currently planned culminate in an exploration well targeting a high-impact gas prospect in 2023.

NONE of the above have commenced!!

Equity Placing

The Company has raised gross proceeds of £0.5 million in a Placing via the issue of 10,000,000 new Ordinary shares of 0.1 pence per share at a placing price of 5.0 pence per share (the "issue price"). The issue price represents a discount of 37.5% to the last closing bid price of the Company's shares on 19 March 2026.

An application has been made for the Placing shares to be admitted to trading on AIM ("Admission"). The Placing shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 25 March 2026.

Following Admission of the Placing shares, the Company's issued share capital will comprise 226,154,466 Ordinary Shares of 0.1 pence each with voting rights in the Company and 2,180,000 Sanctioned Holding Shares of 1.0 pence each totalling 228,334,466 Ordinary Shares. The figure of 228,334,466 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Majid Shafiq, Chief Executive Officer, commented:

"The Company is pleased to have secured a combined debt and equity financing package to fund working capital requirements to first gas from the Tendrara Phase 1 project. Following an updated project timeline, first gas is now expected at the start of Q3 2026, and the financing ensures the Company remains fully funded through to this key milestone following the revised commissioning schedule. The financing will also support the development of Tayra, our solar joint venture announced today. This funding strengthens the Company's balance sheet and provides the necessary resources to advance both projects as key components of our strategy to deliver gas and renewable energy developments in Morocco."

Tendrara Phase 1 Micro-LNG Development

The Tendrara Gas Gathering System has been fully tested and commissioned, and the LNG tank was successfully tested during the quarter, representing important milestones in the development of the Tendrara Phase 1 project. The Company is now preparing for the final commissioning of the micro-LNG plant, which will enable the commencement of gas sales. The Operator, Mana Energy Ltd, has received an updated schedule from the main subcontractor, Italfluid Geoenergy S.r.l., which indicates the start of commercial gas sales in early Q3 2026. The updated timing reflects delays in the delivery of the final pieces of equipment required to complete the micro-LNG plant.

Solar Power Joint Venture

Further to our announcement on 17 June 2025, the company has now formally entered into a Joint Venture, Tayra Energy SAS, with Moroccan renewables specialist Gaia Energy Ltd.

The Joint Venture plans to develop up to 270 MW of installed photovoltaic solar capacity across multiple locations in Morocco. Taking advantage of Morocco's liberalised medium-voltage ("MV") grid, the joint venture intends to develop solar power projects at a number of sites located close to MV substations and end customers, enabling efficient grid access and attractive power sales opportunities.

The first steps of the joint venture will be to work with the Moroccan authorities and other stakeholders to determine which solar photovoltaic project sites are most suitable for the joint venture to progress. These sites will be chosen from a short-list of twelve sites for which Gaia has already conducted a number of feasibility studies, or from a number of potential new locations. Lease or purchase options have been secured for five of these sites and discussions are ongoing for the remaining seven.

Term Loan Facility

The Company has entered into a €1.3 million Term Loan Facility Agreement with an international investment bank (the "Lender"). The Term Loan will provide the Company with access to additional working capital prior to receipt of revenues from LNG sales from the Tendrara Phase I development.

Any amounts drawn down under the Term Loan will attract an interest rate of 20 per cent. per 120 days, accruing daily on a pro rata basis and will fall due for repayment on or before 31 December 2026. The Company will pay the Lenders a fee of €100,000 if no draw down is made. In the event of default, the principal plus accrued interest plus default interest (40 per cent. per 120 days) can, at the Lender's option, be converted into Sound Energy plc ordinary shares priced at the VWAP of the 10-month period ending on the day preceding the date of the conversion notice.

cont....

Thank you for your response bluemango