Member Info for Ducati2

As Malcy said yesterday, this could be the last chance to top up at this level...........What does he Know!

Yes you can Fell, just messing............ JP hopefully back in the driving seat and a little less turbulent ?

Fell......... sorry just thought I would through it in the mix as you never know as plans can change and can sometimes be fluid....SDX have a spare Rig...........Sorry i shouldn't be a naughty Boy!

Well I suppose we already have a Rig at Sidi just needing a few tweaks to get it fully operational and ready to drill...... So does that mean a spare Rig could be available for Tendrara ?

Interesting as when I posted this link the other day a certain poster new more than everyone and said no chance? You never know could be on the lines of ADNOC? Something to think about ? Could this be Sidi. The proposed partnership will comprise two fertilizer production hubs, one in the UAE and one in Morocco, the statement added. ADNOC�s announced plans to increase production by at least 50 percent from its current levels of 7 million tons a year, as it looks to increase gas production by tapping into vast gas caps and scaling up sour gas production. http://www.arabianbusiness.com/energy/396743-adnoc-eyes-jv-to-create-global-fertilizers-producer

Sound Energy plc ("Sound Energy" or the "Company") Sidi Moktar : Receipt of Ministerial Approval and Initiation of Farm Out Process Sound Energy, the Moroccan focused upstream gas company, is pleased to announce receipt of Ministerial approval of the Sidi Moktar Onshore Petroleum Agreement awarded to the Company in February 2018 and that, following completion of further subsurface evaluation and significant inbound third party interest, the Company has now initiated a formal farm out process for its Sidi Moktar Onshore licence, Central Morocco. The Sidi Moktar Onshore Petroleum Agreement, where the Company has a 75% operated position, covers some 4,499 square kilometres. The remaining 25% position in Sidi Moktar is held by Morocco's Office National des Hydrocarbures et des Mines ("ONHYM"). On 30 November 2017 the Company announced its initial volume estimates of the exploration potential of Sidi Moktar, following an independent preliminary technical evaluation (the "Sidi Moktar Study"). The Sidi Moktar Study mapped a portfolio of 28 Liassic, Triassic and Paleozoic leads in a variety of hydrocarbon trap types across the Sidi Moktar Onshore permit areas and highlighted an exploration potential best case of 8.9 Tcf with a high of 11.2 Tcf and a low case of 6.7 Tcf, unrisked gas originally in place (gross). In addition, Sidi Moktar contains an existing gas discovery in the Lower Liassic (Kechoula) and is located close to existing infrastructure and gas demand, including the large-scale Moroccan state owned OCP Phosphate plant. During 2018, the Company has completed a subsurface evaluation of the Western area of the Sidi Moktar Onshore licence area and is close to finalising the mapped portfolio and comprehensive Petroleum System Model over the entire area. Following receipt of the Ministerial Approval, completion of the above technical work and recent significant inbound third party interest, the Company has initiated a formal farm out process with the objective of funding the forward 2018 work programme at Sidi Moktar, whilst retaining operatorship. Further announcements will be made, as appropriate, in due course although the Company cautions that there can be no certainty that any farm out of the Sidi Moktar Onshore licence will be concluded.

https://www.malcysblog.com/ Link onto VOX Markets if interested.........Sou/Coro/Echo and others.

Results June? A historical discovery that will not ensure the consumption of Morocco Asked by M�dias24 about the length of the certification process that has been dragging on since the start of drilling in 2016, an expert in energy exploration, requiring anonymity, the normal judge. "Professionally, the course that began for 2 years is normal to be credible, so the media will have to wait patiently to be fixed on the volume of reserves," says our interlocutor. According to him, if they were to confirm, the figures announced (1 to 4 MM extractable gas) is a real first in Morocco. "The digging of a new well is part of a discovery logic related to a lucrative gas potential.Companies like SE do not spend millions of dollars to drill a new well if they do not believe in an important discovery and if the indices do not multiply. "Since independence, there has been no discovery of this nature but we must remain cautious and wait for the final figures that will be validated (or not) by the ONHYM," concludes our source who prefers to speak of the first discovery " "in Morocco, however, which must be relativized on an international scale. True to its caution, the ONHYM did not wish to comment on the figures published by Sound Energy but according to our sources, the French certification company hired by the office should submit its conclusions in June. https://www.medias24.com/MAROC/ECONOMIE/ECONOMIE/183572-Sound-Energy-1-a-5-milliards-de-metres-cubes-de-gaz-commercialisable-a-Tendrara.html

trellis, Thanks for posting JPs Email reply. AVO analysis is a technique by which geophysicists attempt to determine thickness, porosity, density, velocity, lithology and fluid content of rocks. Successful AVO analysis requires special processing of seismic data and seismic modeling to determine rock properties with a known fluid content.

Sound Energy PLC ("Sound Energy" or the "Company") Final Competent Person's Report: A1 Prospect (TE-9) Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that it has now received the final Competent Person's Report ("CPR") in relation to the A1 prospect in the Company's Tendrara-Lakbir permit, Eastern Morocco. The CPR is entirely consistent with, and confirms, the preliminary CPR results previously announced by the Company on 26 April 2018. The CPR was conducted by RPS Energy Consultants Ltd ("RPS") and is the first in a series of CPRs planned across the Company's Eastern Morocco acreage following the acquisition of new 2D seismic. This CPR is compliant with the latest SPE Petroleum Resources Management System ("PRMS") approved definitions of Reserves and Resources. The table below summarises the final results of the CPR evaluated by RPS for the A1 prospect: Prospect Undiscovered Gas Originally In Place (Bcf) Prospective Resources (Bcf) Chance of Success (%) Gross (100%) basis Gross (100%) basis Low Mid High Low Mid High A1 TAGI reservoir (excluding Palaeozoic) 278 624 1254 142 335 712 25 The first well on the prospect (TE-9), is intended to drill both the TAGI as the primary target and potentially similar scale volumes in the underlying Palaeozoic as the secondary target. The scope of the CPR was designed to only cover the Triassic TAGI reservoir and any future volume estimates for the deeper Palaeozoic prospectivity will be the subject of separate review; any identified volumes will need to be added to the Triassic TAGI reservoir volumes described above. The Company plans to further de-risk the prospect through geophysical and geological analysis utilising data acquired from additional seismic processing. Following sufficient de-risking through this analytical process, the Company intends to secure partner approvals and then commence ground works. James Parsons, Sound Energy's CEO, commented: "I am delighted to report that Sound Energy is now poised to enter a period of intensive newsflow as we de-risk the development of our existing discovery and finalise preparations for the exploration drill programme. Success at TE-9, our planned first well, could unlock significant value for Sound and our partners, reduce the risk on nearby leads, and increase further our overall confidence in the broader TAGI Structural Play trend. "

Something to think about ? Could this be Sidi. The proposed partnership will comprise two fertilizer production hubs, one in the UAE and one in Morocco, the statement added. ADNOC�s announced plans to increase production by at least 50 percent from its current levels of 7 million tons a year, as it looks to increase gas production by tapping into vast gas caps and scaling up sour gas production. http://www.arabianbusiness.com/energy/396743-adnoc-eyes-jv-to-create-global-fertilizers-producer

davey.........Only one think going to catch them out very soon is the news flow, and they must be getting Very nervous.

PNE see you at the Finnish line.............Hope we are IN pole position GLA

As ericnat posted lots of news coming..........If I was going to sell I would of waited for first full CPR / GSA news. But I am here until JP Sayers the time is right to accept an offer or sell if it does not work out. Everyone has a different risk / reward and I agree no good risking the Crown Jewels.......... Good Luck. Full first CPR Basin Model TE9 location Drill Mobilisation GSA BOT Broker coverage Morocco extra license Stage 3 seismic commencement

ericant............I have not had much time posting lately, due to the holidays but the posters with little value and no idea what's going on are still posting tripe? News got to break soon as you posted Eric plenty in the pipeline.

Oil services firm Schlumberger has pulled out of a joint venture to develop a major liquefied natural gas (LNG) project in Equatorial Guinea. The firm pulled out of the One LNG scheme to develop the Fotuna Liquefied natural gas project in the Niger Delta, due to issues with its financing. It is the first project of its kind in West Africa, expecting first gas in 2020. Ophir energy expects to monetise 2.6 trillion cubic feet of gas from the project. Golar said Schlumberger�s other reasons for leaving the OneLNG joint venture included other capital and resource priorities. A statement from Ophir said it is working with Golar to find a financing solution. It said: �We note the announcement by Golar LNG Partners� regarding the dissolution of its OneLNG joint venture with Schlumberger. �Whilst it is disappointing that Schlumberger will no longer be part of the partnership group, Golar and Ophir remain actively engaged in senior level discussions with a number of counterparties over a financing solution for the project

https://www.moroccoworldnews.com/2018/05/247433/morocco-spain-agree-to-promote-joint-energy-development-interconnectivity/

At December 31, 2017, PetroMaroc held 15,943,506 ordinary shares of Sound Energy plc (�Sound�). The Sound shares trade on the Alternative Investment Market (�AIM�) and are traded in Pounds Sterling. PetroMaroc will receive all proceeds from sale(s) up to 50 pence per consideration share, and sale proceeds in excess of 50 pence per consideration share will be shared equally between PetroMaroc and Sound. In February 2018, the Company allocated 11,284,801 Sound shares to settle amounts due to the Series 1 and 2 debenture holders (Note 4). The fair value of the shares at the time of the debt settlement was $9,515,542 resulting in the Company recording a realized loss on the settlement of $1,946,370. At March 31, 2018, the Company holds 4,658,705 Sound shares with a fair market value to PetroMaroc of $3,954,413. As a result, the Company recorded a $1,778,840 gain on the revaluation of the Sound shares. In April 2018, the Company disposed of 2,000,000 Sound shares, at an average price of GBP 45 pence per share, with the cash proceeds totaling $1,611,740. In May 2018 the Company disposed of 2,658,705 Sound shares, at an average price of GBP 37 pence per share, with the cash proceeds totalling $1,704,510. Since the shares were sold below 50 pence there is no amount payable to Sound. Subsequent to the disposal the Company now holds no Sound Energy plc ordinary shares.

Time for JP to pull a rabbit out of his hat, or Luca to deliver the late baby! Either way plenty of news due, but as the disbelievers return to the board?

Thank you Panther and Josh Drill........Derisk........Sell