Member Info for Ducati2

Plenty of money going about……..

Aberdeen company Wood (WG.L) has rejected a second, improved takeover bid, worth nearly £1.5 billion from a Middle East suitor.

The latest cash offer from Lebanese company Dar Al-Handasah Consultants Shair and Partners, also known as Sidara, comes in at £2.12 per share.

This represents an increase of about 3% from an initial approach, worth £2.05 per share, at the end of April.

Wood’s shares closed 185.6p at Wednesday’s London market close, down 7.48%.

A statement from Wood said: “The board carefully considered the latest proposal, together with its financial advisers, and concluded that it continued to fundamentally undervalue Wood and its future prospects.

“Accordingly, the board unanimously rejected the latest proposal.”

Middle East suitor has until June 5 to make firm offer

I wonder if, Pointless ask him yourself if you are interested. Nothing to do with Sound Energy.

No wonder you’re not invested! Pointless posting…….some people never move on.

I wonder………Day dreaming again.

….will be essential.

https://www.meed.com/financing-deals-will-be-essential-to-petrofacs-future

Https://www.soundenergyplc.com/media/xnwns4ps/sound-energy-plc-annual-report-2023-final.pdf

Thursday 16th May.

Well Sound and Calvalley need to make a move soon……surely!!

Calvalley is a subsidiary of London-based Octavia Energy, whose main upstream assets are in Yemen where ultimate owner the Hayel Saaed Anam (HSA) group has built a business empire.

Fiction you can also buy some shares, or do you need to phone a friend!

At the end of December last year, Harbour signed a deal with BASF and Letterone to acquire Wintershall Dea’s upstream oil and gas assets for $11.2bn (£9bn). When completed, the deal will boost the company’s presence in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico and Norway.

At the time of the deal, the firm said the merger would add 1.1bn barrels of oil equivalent (boe) of 2P reserves to its portfolio at an estimated cost of $10/boe and boost production by more than 300,000kboepd.

Https://www.bloomberg.com/news/articles/2024-05-08/wood-group-rejects-1-4-billion-takeover-proposal-from-sidara

No Punch without Judy……………Time for the none shareholders to get back in the Box!

Hope the SP holds into the close

No Punch without Judy!……….SP looking steady.

What words of Wisdom today?

Thought it might be Kylie and Fiction…….any way StMary I’m away to walk the dog! Things could be a little bit brighter soon.

Who’s doing the cheeky top ups……….wait for it!

Morning Kylie

Unusual for a none investor posting so early in the morning…….must be some good news going about!

Drilling

The RIG 101 is with Predator

MOU-5 is expected to be drilled between 1 April to 31 May 2024 in order to avail of in-country well services that will remain following the completion of the Company's rigless testing programme, which is currently underway, thereby reducing mobilisation costs for well equipment and services.

As PS20036 says no deal with Calvalley……….no drill.

https://oilreviewafrica.com/exploration/exploration/sound-energy-receives-onhym-approval-on-extension-of-anoual-exploration-permits

Cheers Fiction, you will find most LTH do some research!

Things don’t always go to plan on the AIM casino. Await your next classics after the call. What’s the next well again Fiction…….think there was some issues with no gas to surface? Why was that again? I’m sure a person that does not hold shares can keep me up to date…….after all it could be our next well horizontal or vertical drill what was it again?

No it’s your great research that’s Pointless.

Any burning questions you none share holders would like to ask tonight’s your chance.

Ha Ha………pointless!

FFS Fiction can see why you’re not invested……….FFS.

Https://twitter.com/soundenergyplc/status/1784867941541990513?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

It must be waiting for the signature, to mobilise the rig in June…….

With rig activities from Jun 2024 & plant commissioning planned by yr end.

https://twitter.com/soundenergyplc/status/1783029107069976723?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet