Member Info for Dixie33

There was a query some days ago with regards to whether or not the technologies used in Algeria could be used to commercialise TE10 - see previous comment below. I asked the company via email and will post the response shortly.

"In Algeria, Schlumberger Reservoir Performance executed the first horizontal multistage plug and perforate hydraulic fracture in the tight sands of the Hamra Field, significantly contributing to field production for Sonatrach. The application of an integrated suite of Schlumberger stimulation technologies resulted in gas production exceeding offset wells. Using technologies, including Kinetix* reservoir-centric stimulation-to-production software, WellWatcher Stim* stimulation monitoring service, HiWAY* flow-channel fracturing technique and the ACTive DTS* distributed temperature measurement and inversion analysis, the project delivered increased gas production while reducing required proppant and water volumes. This process accessed gas reserves that would not have been monetizable otherwise, setting a path for further development of tight gas resource in the Hamra and similar fields. "

An area the same size as Puerto Rico in fact!!

All. I still haven't seen an RNS with regards to the 70m placing on Monday in particular the identification of the person/company that bought the shares. Surely the purchase would have increased the % of SOU owned to a level that required an RNS - anyone wish to comment?

Sound Energy (the "Company"), the Moroccan focused upstream gas company, announces that, further to its announcement of earlier today, the Company has concluded a placing of new ordinary shares in the Company ("Ordinary Shares") to raise £1.5 million before costs (the "Placing").



The net proceeds of the Placing of approximately £1.35 million, will strengthen the Company's cash position (adding to the Company's cash balances of approximately £5.4 million as at 30 November 2019) whilst the Company continues to progress the potential partial sale of its Eastern Morocco portfolio (the "Partial Sale"), in relation to which the Company announced the award of exclusivity and the entry of non-binding heads of terms on 6 November 2019.



Pursuant to the Placing, Sound Energy has issued 75,000,000 new Ordinary Shares at a placing price of 2.0 pence per Placing Share, conditional on the Placing Shares being admitted to trading on AIM. In connection with the Placing the Company has also issued a further 1,425,000 new Ordinary Shares in lieu of fees incurred in connection with the Placing, conditional on admission. The Company has used the services of a third party agent to conduct the Placing.



The new Ordinary Shares will, when issued, rank pari passu in all respects with the Company's existing Ordinary Shares. Application will be made for the new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place at 8.00 a.m. on 13 January 2020.



Following the issue of the new Ordinary Shares in respect of the Placing and in lieu of fees, the Company's issued share capital will consist of 1,156,037,264 Ordinary Shares. Each share has one voting right and no shares are held in treasury. These figures may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Sound Energy (the "Company"), the Moroccan focused upstream gas company, announces a proposed placing of new ordinary shares in the Company ("Ordinary Shares") to raise not less than £1.5 million before costs (the "Proposed Placing") at a price of 2.0 pence per new Ordinary Share.



The net proceeds of the Proposed Placing will be used to strengthen the Company's cash position (adding to the Company's cash balances of approximately £5.4 million as at 30 November 2019) whilst the Company continues to progress the potential partial sale of its Eastern Morocco portfolio (the "Partial Sale"), in relation to which the Company announced the award of exclusivity and the entry of non-binding heads of terms on 6 November 2019.

Thank you for your questions. Many of these touch upon or explicitly ask for comment on price sensitive information which the rules just don’t allow us to do. This includes the share price, Director changes and some of the questions on the proposed transaction So we have not tried to address those, for fear of frustrating investors with no comment response ! The questions and implied concerns on the proposed transaction however are helpful and are being taken offline as input into the deal design and negotiation. So please don’t feel we are not listening.

Next FSC to be held on Tuesday 11th June at 8am. To register/log-in see: http://www.yoursoundenergy.com

.......requiring many wells

Hope that helps and thank you for taking the time to write in.

Best regards

Sarah

Just in case anyone missed my post this morning, see responses from Sound on TE-7 RNS below

Q: Do the team have an explanation for why the GOIP around TE7 has increased from "more than 40" to "more that 115”?

A: As expected with low permeability reservoirs, the pressure build up is a slow process and still ongoing. Pressure stabilisation will continue and the longer the period we monitor these data the increase in reliability of the minimum volume for the gas-in-place access by the well, hence the reported increase. The difference between the initial and the final stabilised well test pressures allows calculating the connected gas volume. The smaller the difference between the initial and the final stabilised well test pressures, the larger the reservoir accessed by the well. Since the well pressure takes many months to recover to stabilisation, early measurements over-estimate the pressure drop. Hence, the estimated connected volume is less than the true volume. This apparent difference reduces over time as the well pressure trends towards final stabilisation. It is important to note, that this computed volume is less than the actual until final stabilisation is reached. As the RNS states, the pressure readings show the pressure is still increasing, and is not fully stabilised. This means that the current estimate of the connected volume to the TE-7 well is still less than the true volume and hence our statement that this is 'a volume exceeding 115 Bscf'.

Q: From this I infer permeability around TE7 is higher that anticipated and perhaps porosity also - is this correct?

A: The increase in the confirmed gas volume is explained by the recovery in pressure, not the permeability or porosity. It is the time for pressure recovery that allows calculating the permeability The latest pressure trend indicates permeabilities consistent with the earlier trend, so no change is anticipated.

Q: Can you please tell me what if any material uplift this gives to the horst “Recoverable” gas of 377bcf?

A: Essentially, these data confirm that the reservoir in the TE-7 well does not consist of small volume isolated compartments that would require drilling additional wells to achieve the same recovery factor. In this respect, it supports and increases confidence in our field development plan (FDP) consisting of a number of horizontal stimulated production wells spaced to optimise recovery. It has no material impact on the expected recovery. It has no material impact

Q: Finally, are there plans to release an updated reserves estimate for the TE5 horst - I ask because surely today's RNS indicates a higher recovery factor than we had previously assumed?

A: The results provide evidence of reservoir characteristics and so provide assurance in the field development plan (FDP) assumptions. It significantly increases confidence in the FDP which assumes that in the TE-7 area the reservoir does not consist of small volume isolated compartments requi

My take on this is that there is unlikely to be an upgrade on volumes but what volume there is can be more easily extracted with fewer wells, thus less cost. Not to mention it further underpins and supports the viability of the Field Development Plan for any future buyer.

Q: Finally, are there plans to release an updated reserves estimate for the TE5 horst - I ask because surely today's RNS indicates a higher recovery factor than we had previously assumed?

A: The results provide evidence of reservoir characteristics and so provide assurance in the field development plan (FDP) assumptions. It significantly increases confidence in the FDP which assumes that in the TE-7 area the reservoir does not consist of small volume isolated compartments requiring many wells.
Hope that helps and thank you for taking the time to write in.

Best regards

Sarah

Q: Can you please tell me what if any material uplift this gives to the horst “Recoverable” gas of 377bcf?

A: Essentially, these data confirm that the reservoir in the TE-7 well does not consist of small volume isolated compartments that would require drilling additional wells to achieve the same recovery factor. In this respect, it supports and increases confidence in our field development plan (FDP) consisting of a number of horizontal stimulated production wells spaced to optimise recovery. It has no material impact on the expected recoverable gas.

Q: From this I infer permeability around TE7 is higher that anticipated and perhaps porosity also - is this correct?

A: The increase in the confirmed gas volume is explained by the recovery in pressure, not the permeability or porosity. It is the time for pressure recovery that allows calculating the permeability. The latest pressure trend indicates permeabilities consistent with the earlier trend, so no change is anticipated.

Q: Do the team have an explanation for why the GOIP around TE7 has increased from "more than 40" to "more that 115”?

A: As expected with low permeability reservoirs, the pressure build up is a slow process and still ongoing. Pressure stabilisation will continue and the longer the period we monitor these data the increase in reliability of the minimum volume for the gas-in-place access by the well, hence the reported increase. The difference between the initial and the final stabilised well test pressures allows calculating the connected gas volume. The smaller the difference between the initial and the final stabilised well test pressures, the larger the reservoir accessed by the well. Since the well pressure takes many months to recover to stabilisation, early measurements over-estimate the pressure drop. Hence, the estimated connected volume is less than the true volume. This apparent difference reduces over time as the well pressure trends towards final stabilisation. It is important to note, that this computed volume is less than the actual until final stabilisation is reached. As the RNS states, the pressure readings show the pressure is still increasing, and is not fully stabilised. This means that the current estimate of the connected volume to the TE-7 well is still less than the true volume and hence our statement that this is 'a volume exceeding 115 Bscf'.

Morning All. I wrote to Sarah yesterday morning to ask a number of questions in relation to yesterday's RNS. She responded quite quickly to say that she was travelling but would pose the questions to the team and late last night she came back to me, which shows she must be putting some serious hours in at the moment. I'll post each response to each question separately in the next few posts.

Thanks Maldini. Because I knew that the Horst was also overpressurised I didn’t see the point of pressing the subject given we now know how that turned out. I was more interested in the 6 new targets and what they may add to the inventory as this was new news.....

John Argent said that TE-10 was overpressurised. I could have pressed a little harder on whether this was different to other wells but he was flowing with info so didn’t want to interrupt

Dear Shareholder,

Thank you for registering to join us for our informal event on 14th March 2019 in London. We are delighted to have some 175+ guests confirmed so far. To ensure all participants have a chance to ask questions, in addition to the informal “chat over a pint”, we are trialling a “speed dating” concept whereby groups of three investors are pre-allocated a short (5 minute) session with their chosen member of the Sound Executive team. Other investors will of course be welcome to stand around the table and listen to the questions. Every 5 minutes the session participants will be rotated. Inclusion in these sessions is completely optional.

Please find below the detailed schedule of the event:

12:30 Doors open

13:00 Short welcome, addressing the most frequently asked questions

13:15 – 14:00 Informal networking with the Execs over a pint

14:00 – 15:55 Pre-allocated sessions with the Executives

16:00 Event ends

Do please forward any questions beforehand if you wish them to be addressed in the short welcome. We look forward to welcoming you.

Thanks and regards,

The Sound Team

I've been using Monayam for years just to track my shares but they've now switched off and moved us over to Sharesmagazine, which is a subscription service. The switch over happened today and basically the Shares Magazine service doesn't work and is crammed with bugs to the point that I can't get a live feed or any data on buys/sells etc. Does anyone use another platform that is free to use (isnt limited to share prices that are 15 mins old apart from FTSE, which is okay) and works so that I can avoid the cost of this shambles?

Thanks Timster, just having a look now. Price difference between the 2 is quite significant. I'm just looking for the volume of buys and sells but can't find them on investor.com, do they show it?