Member Info for ericnat17

Several times BM mentions that the seismic was fastracked and inferred that this was partially to blame for Failure.

Many many times in the lead up to TE9 JP said the geologists can take as much time as they like to get the location correct.

They can not have it both ways.

Before TE9
Was is there a delay in drilling JP —-we are analysing the seismic.

AfterTE9
Why was there a failure BM —- we did not have enough time to analyse the Seismic.

Hi Jobs

Very unlikely, but they would not flood the market they could just sell the whole lot in one go to another investor. Might not be 10p. It could be 30p.

They are oil and gas but they sold out of CORO, I think CIP guys are out of CORO as well.

You seem to believe OGIF are sentimental because the asset is in Morocco, my guess is they are far from sentimental.

Hi riddlers, Fell

So they could sell in one chunk, but I agree they are unlikely to, but stranger things have happened.

Just remember they are not a Sound Energy Charity and they are certainly hard headed business people. They have pensions to pay out of this investment, they will be in big trouble if they walk with nothing. Let’s be honest did we ever expect CIP to divest.

I for one did not expect OGIF to dump their CORO allocation, but they did that as soon as they could. And look at what has happened to the CORO price since. Anyway don’t mind be called ridiculous, seem to remember I got a similar response when I agreed with 250 about JP trading plan and look at how that turned out.

Fell, do they have to sell shares on the open market. Pretty sure they don’t, they could sell to the whoever they want.

They could sell out at 10p a share for the whole lot tomorrow. And get out with 27 million pounds. I don’t think they paid anything like that for their original share of the Tendrara license. Since they merged with Sound they have paid zero towards costs. So would make financial sense to some pessimistic members of the OGIF board.

Blocker, that made me laugh. I said yesterday that these geologists would have trouble reading an OS map of the Norfolk Fens. But I bow to sense of humour.

We will get a really bullish opening statement about how they will stay on track with the 3 well campaign and then sell.

But there is now a real chance that we may be worth a pretty low price. If that is the case I would imagine CIP and OGIF will be ahead of the game regarding selling. If they make a decision to sell they won’t reverse that decision.

Let’s see JJ and BM buy a few 100k each, that will push us into the 20s

Without another success at he drill we are all but stuffed. The reservoir is now showing that it far more complex than even the deep dive could have prognosed.

Any potential buyer will now have serious reservations paying pre TE9 rate for the TE5 Horst, they won’t.

We saw lots of calculations about how we are underpinned prior to TE9. I think the figures where a conservative 35p a share. Post TE9 half that 17p. Now think that any buyer will only see a profit after many years of production, they could just stick the 200million in the bond market and make more.

That is why we see the price at 18p, we need TE10 to come In. What is the COS?

Negative 25v 37

The boys holding it down. Technically looks like13p next stop.

I don’t think that the BOD are a bag of crooks, but someone is.

I think at least 2 of the BOD are incompetent, for me that is criminal for a company with a 450...300....250...190 million market cap. Still sounds a lot 190 million. And to be frank I highlighted my misgivings about BM and JJ many months ago, I was told that I was mistaken about these 2 world class professionals. I get the feeling niether of them can believe they have been given so much responsibility.

Got to say Fellrunner, I agree with the last post apart from average down. Who is going to buy more? You would need you headtesting at the moment. No GSA, No signed BOT, No feed. The mcap is all still on a promise of a chunk of gas in the ground miles from anywhere.

If BM and JJ bought a decent amount, that would be a good signal. Let’s face it theses guys are only going to buy when they believe it’s hit rock bottom. The results of TE9 are out they are no longer in a closed period, they can buy.

PNE79

I think if one thing has been made clear today, talk of £ per share are now chances of 1 in 10.

The spot they had for best porosity was a complete failure. No need to further investigate, plug and abandon. No mention of any remedial work to get flow, nothing. You don’t get any clearer Tendrara kicked are arse. But that is exploration....on to the next...but again I guess some lucky few investors will get the heads up before we do....

The point is he has posted that he had inside info. He has posted other info from the field. Now the SP building up to the Results took a nose dive, which indicates a leak. We only dropped 25 percent today, I think that is because the majority of the true SP drop happened before the results.

If there was no leak we would may have expectedly a small rise leading to results not the SP falling off of cliff before the results.

This is all really easy to say in hindsight but it does seem to make sense, anyway over to you I should imagine something about big boy trousers.

Mickey

Much respect dude, I can’t believe that you are still posting. I hope you are using a VPN and a good one at that. Don’t get me wrong at the time you posted about the poor porosity (5 days before Sound did) I thanked you for the info, but try to be careful. At least change your login. If they do investigate the insider dealing they may want to ask you some questions.

N4a

I am with you. The drill result is awful, buts that’s exploration.

The insider dealing is unfair on the PI and distorts the level playing field. It makes a joke of the regulations and I for one want to see ramifications.

Otherwise, guess what, it will happen again at TE10. One day during drilling you will see a 200k sell order pop on L2 and you will be thinking, oh no here we go again......and we will be buggered again.

This leak needs to be plugged before TE10 gets serious.

Thanks for emailing n4apound.

I have emailed JP, and he always answers. Might have to wait awhile. JP has been very happening saying that all of the comments regarding his Trading plan and CIP divesting was just noise nd we should wait for the Drill results. Well the message from the drill results is loud and clear.......we should have listened to all of that noise..

I can’t wait for this book JP is going to write about all of the goings on behind the sciences. Let me guess JP, BM and JJ arguing who’s turn it is to make the tea. My guess is Brian makes a lot of tea.

We all know the TAGI in Morocco is a difficult reservoir, but maybe we have underestimated the complexity. I am now thinking that the previously nailed on volume at TE5 may also be in question. They thought the TE8 was an anomaly, if you remeber they said they just missed out on the sweet spot. They planned to feed the TE8 results into TE9 and hit a sweet spot as far as porosity was concerned. They missed with TE9, does that mean that those sweets spots in TE5 are also rubbish.

The TE7 horizontal drill was is contact with so much of the reservoir but did not flow in ratio to the contact to TE6 contact. Was that because a lot of the contact had poor porosity.

And whilst I am on TE5, we have a distinct lack of pressure build up figures from TE7 recently. I can’t believe they have forgot to get the readings. The last info was the pressure was continuing to build, so is the pressure on my prostrate.....

Excelllent PNE79

You have identified all of the relevant questions. And I think JP will answer all of them. I think question 1 and 8 are the answer we all want the most, but I guess these are the questions he will have the most trouble answering.

I would imagine he has been on the phone all day to OGIF, CIP and those investors who bought in at 80p and the guys who bought recently in the last fundraiser.

We are last in the queue but he will answer the questions.

They missed the play

I would but only JP would give a flying Fuuk. The others are too busy telling everyone how they where so clever not buying any shares.

That’s the problem we do not have the cash to start peppering the license with exploration wells. We had 3 shots are first and best is a duster. And not just any duster, correct me if I wrong but is sounds like they did not even test the Paleozoic as they where no where near the right location.
As BM said if TE9 fails then there is something seriously wrong. That what’s got to be in the back of the mind of any buyer, are they walking into far too complex reservoir. Yes maybe TE5 will deliver but even that has now has major questions.

I TE9 was not such an out in out failure I think we would be far more attractive, but it was a total shambles. So it calls into question not just the seismic interpretation for this play type, but I feel that this group of geologist can’t read OS map of the Norfolk fens.