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Joe. I was also intrigued in the last sentence..." The Company will include this opportunity as another candidate for the planned third exploration well (TE-11), alongside the significant Palaeozoic oil play in the Anoual licence."
This assumes there is already a multiple list of TE11 candidates before this new structure was found. I would like to know more about these from the Durham event. I can't be there but I'm sure this will be raised.
I wonder if this prospect is so inviting that Sound consider a 4th back to back well - TE12?. If Schlum are interested we may have the joint cash to at least consider this option, as JP will be torn between this and Anoul.
Today's release has just come out but unfortunately starts blurring at the 16 second mark. I've informed Sarah with regards this issue and asked she consider doing a quality check before posting....
https://www.youtube.com/watch?v=sYzFkwigyQk&feature=youtu.be
Hi Crude. It’s been stated here with mundane regularity that the LTHs have disappeared with profits pocketed and headed for the hills. As one of the afore mentioned (2011) I’ve weighed the reality of the situation we now find ourselves in and am as determined as ever to stick to my plan of taking whatever comes with the end game. I take on board all views from all sections of the B.B. and respect each and every ones individual views and positions. As someone who is in until the end no matter what, I decided a long time ago to stick to my plan come what may and refrain from comment until we can smell progress on the beginning of the end , which is nigh. On balance I still believe the risk, albeit very high, is worth taking given the potential reward . I could lose something or everything, recover some of my outlay or could gain jaw dropping returns. I’ve met all the board face to face and on on several occasions. They are all working toward the same goals and dreams as me thus we are mentally and emotionally aligned to the end game. We also know that the drill bit does the talking and no matter what trust we place in the team, they are ultimately at the mercy of the geology as are we. I have yet to meet a more dedicated and hard working team and I have no doubt they are taking as much risk out of the scenarios as possible but at a very basic level we are all gambling our hard earned cash on what lays beneath c4km of Moroccan geology. It’s as binary as that. Get gas or oil or both and lives are changed. Hit nothing on all three drills and we sell at whatever price we can get for the gas we have found plus seismic and potential targets for future exploration. Everything else is noise and as we look toward an exciting but nerve wracking commencement of drill activity, I for one LTH of 7 years am happy to allow the programme to unfold in due course and in whatever time it takes to uncover whatever we may or may not have. Crude, You, I and others have known all along this would be a long and frustrating road but the fundamentals have not changed and in spite of current SP, I feel we are on the very cusp of seeing whether the potential is unlocked. Forget date of LE, what matters are the drills and what they offer, the rest will follow if gas is found in commercial quantities and then it’s not a case of when but a case of how much. Let the games begin ! Dix
Hi Frank. How’s the back ?. I noticed you posted your views on Echo BB as to why you lost a little faith in the Sound dream. In summary I think you intimated that the hype over 6 & 7 was excessive and that the whole Tandrara basin is no longer considered a connected and continuous play but more akin to Sidi with pools of gas and that this switched you off? Notice you’re posting here again, which I for one am delighted about but are your opinions changing with regards potential here now you’ve seen BMs interview ? Dix
Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that it has now finalised the specific location of its approaching TE-9 exploration well which will target the A1 prospect in the Company's Tendrara-Lakbir permit, Eastern Morocco. The Company believes that the additional geophysical and geological analysis undertaken utilising data acquired from the most recent seismic acquisition and processing has sufficiently de-risked the prospect to allow the Company to proceed with drilling and the Company will now secure partner approvals and then commence ground works. This first well, of a planned three well campaign, is intended to drill both the TAGI as the primary target and the underlying Paleozoic as the secondary target.
Hello, anybody there..........??
£7 break even for me!
Dave, thank you for confirming my numbers are accurate. Now ready for lift off I guess!!
I started with 65,681 shares but now only have 328. Is that right?
Hi Crude, nice to see you on this board too. I have 65,000 shares here and would be happy to get my money back to put on SOU !!