Member Info for drjenner

Agreed. The main importance of this “find” is not commercialism. The data they gain, the location of the well etc is what they are selling. If it’s commercial it’s a game changer for sure.

A lot of negativity today, this is fantastic news,or it should be to all of pessimists who had already ruled it a duster. I saw that JP was not “pleased to announce” rather just “announces” the news.

A much more conservative approach and who can blame him after all of the personal abuse that he and the Sound team took after TE7.

To James and the whole team, congratulations. Good luck with the rest of the drill.

Happy New Year to the Sound team and all of those on this board that have kept the faith.

David

All this talk of potential value of existing assets forced me to open up my Excel portfolio file and click update. I haven't even looked since Monday because I didn't want to see how much I'd lost, i wouldn't even do the sums in my head! Crazy I know but we all deal with things in different ways I guess.

One thing is for sure we all took the same hammering! I'm luckier than a lot I know because my average is 39p. I was in early, sold some high and started buying back in around 70p all the way down to last week at about 32p.

I appreciated what the team told us yesterday, I'm sorry to hear that they have had to put up with abuse, they work hard and deserve better. Those on this board, perhaps none of you, that have been disrespectful, naff off.

My intention is to stay put, 40p looks possible and I'd take that in a heartbeat right now. JP's continued confidence and my gut tells me that we will be OK. Those that have long memories may remember that I never bought into anything other £2 to £3 (not £5 plus as others did). I reckoned that because if it ever got to that level I'd never risk losing my gains waiting for it to get higher. Should have stopped at a pound really, other parts of my portfolio were doing better then as well. I took the high risk approach and temporarily hopefully, I got burned.

Good luck to all, if you are losing sleep and full of doubt it's time to sell. The next well has less chance of success than TE9 and TE11 will have the same chance of failure as TE9. No point mincing words, accept it or don't and move on.

Well that's all folks. I'll probably look in again after the next piece of hard news, until then I can't take the hand wringing and speculation.

Of course its a great shame that TE-9 didn't come in but we always knew the COS was 30% or so and it was the first of three wells. If it came in we'd be quids in but now we have to wait for TE-10 and/or 11. There's some pretty radical posts today calling for heads to roll even. I've lost a ton of money and you can call me a fool but I'm sticking with the plan. I know what the risks are....two more dusters...but the upside is still there so I'm staying put. I wish I had more to invest today because the drop over the past two weeks is overdone in my opinion.

To all the genuine shareholders I join you in our initial disappointment but it's far from over. It's times like this that remind me of the scene from Monty Python's Holy Grail where King Arthur fights the Black Knight who, with both his arms cut off declares:

"It's just a flesh wound"

He ends up with no legs either so hope that is not an accurate analogy to SOU!

To Jez and his ilk.....what is wrong with you dude? I've lost half my money on Sound in the past two weeks but am I vindictive and full of hate...well yes I am actually.....but I don't spill it all over everyone else who is in the same position. Try being a human being for once.

To Jez the Fez and his/her ilk I say

Seaton, you don’t have to remind me how much I have to be modest about:) I hope it doesn’t apply to my investment decisions, one in particular.

I don’t believe I will need to be modest at all!

Seaton, I assume you mean where can you get the beer. Dark Star is a brewery in W Sussex and is served all over the area. I’m near Guildford and it’s common here as well.

I’m working from home today, home being the pub and my iPad and phone. An appropriate quotation occurred to me after almost two pints of Dark Star, Hophead (Crude will know what I’m talking about). If this has been posted before forgive me.

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

Winston Churchill

I've read more conspiracy theories in the past few days than weeks worth of Donald Trump rallies! To be expected of course, we're all nervous, it's what we've waited for but by the cringe is it painful, all this waiting.

Just popped in to wish everyone good luck. I know a lot of you know each other and have really shared the experience and from what I can see the regular posters are a good bunch. It's taken some brass cojones to stay in here the last few months. I can honestly say I never thought of selling and certainly wouldn't right now and I'm sure the LTH's are the same. Anyway just wanted to stick in my two pennies worth.

Truly good luck to all when that RNS drops!

DJ

I am indeed Neptunes, since July. Back in my old stomping ground if you recall where that is...near you I believe

Neptunes, good to see you are still here!! Thanks for the link. Lucas too, I understand a bit better now.

Suisse,

I had this crazy idea that if they hit gas they would know hence the flare that we saw on an earlier well, can't remember which one. Either that or it would somehow perculate to the surface. So is that not the case? I know it sounds dumb but can you add to your summary. I'm probably not the only one who's confused.

Is it possible we might know more by the weekend?

I have no idea what that means. Have they drilled to total depth and found nothing? Is there a kind fellow online that can explain what this means in a few words.

Believe me I hope I'm wrong and I'll be the first to admit it if I am.

I've been here before, waiting on an AIM POS for abig announcement that's going to change everything. Oh how thos eshorters are going to burn, the MM's get caught with their pants down on amd on. Then the announcement comes and nothing, maybe a small rise but just as easily a fall.

I think the truth here is that we are caught up in the low life wheelings and dealings of AIM. I'm not expert but I feel we are being set up some how.

I'll prpbably get some stick for this but believe me I have an unhealthy amount of SOU shares and have been nothing but optimistic. These market movements make no sense. If you think we are going from sub 30p to anything more than mid 30s I think you are wrong.

Sorry thats just how I feel. Nothing wrong with the assets, JP and team we are just being played somehow.

Photo,

No you didn't miss any posts. I don't post much at all and haven't been following MXO at all until I noticed the SP. I remember a few years back getting slammed on this board for selling at something like 2.5p and then the SP went to 4p or something. What is it they say about hindsight?

I'm heavily in Sound Energy and have been for a while. They've just started a three drill programme in Morocco which will either make or break them and the SP has taken a battering in the last 12 months. Sorry to hear you're still trying to get level. Do you still have the shop in Dorking?

If making a killing in the stock market was easy then everyone would be doing it. I must admit I don’t understand the SP weakness at this stage in proceedings. It must be worth a punt, three chances at a probable rerate, say 30% COS each time, not bad odds for a little dabble I would have thought. I’d be lieing if I said that the apparent lack of interest didn’t bother me but not much we can do but wait it out. This is what we’ve waited for but it’s getting nervy I must say.

They had better hit the motherlode on TE9, We couldn’t go through this twice more could we? Liners, share price, leaks, peoples moods....what next? I’m going to be wearing my Get Lucky underwear for the next two weeks....well it worked 30 years ago, no need to change a good thing. Glad I never washed them.

Bluboyz,

From the website:

"Webcam temporarily suspended during drilling of potential reservoir sections. To be re-instated in due course."

I don't know what that means technically ther than they must be close and could hit gas at any time.

I was a bit surprised by how quickly they reached the second casing but not being an expert I'm not sure what this means for reaching the first target. When do we expect this to happen and then how long after for the Paleo? I'm guessing we should hear something Monday or Tuesday next week based on progress.

Mexico, that’s the place to be if you’re a top oil company. I saw some pictures once, the oil is just sitting on the surface, literally you could just vacuum it up. It would be soooo easy. MXO should take a look.