Member Info for ericnat17

Hi Job and SO

Let’s not get confused, most people, like myself are relatively simple to understand. Happy when things are going well and unhappy when things are not going so well.

If all is going well then you are usually pretty sanguine, and over look the small nagging problems.

It is pretty simple when the Value of ones investment drops, the person investing will start to question the reason why and start examining the motivation of all parties connected with the investment.

I would imagine that I am speaking for a silent group of PI, who feel the same and maybe derisking a bit. You better hope that is the case......because if it is not a bunch of PI then it maybe OGIF or Marco group derisking. Which would you rather have.

To be frank, I am a less than happy with the SP. I know it will all be played out at the LE, but the lower we go the lower the LE sp will be, imho.

JP writing sweet somethings to PI whilst derisking is unpalatable at best and disingenuous at worst.

All of my share investments are my decision and I feel that as an owner of Sound shares I can voice my concerns. When posters who are not invested post less than positive comments on this board they are told to bugger off as they are not invested. And now when LTH are pointing out a few concerns they are also told to bugger off. So forgive me if as a reaction to that I double my efforts to highlight these concerns, oh and as a long term holder who has been to the meetings and has asked questions and been involved in the conference calls I have a few more issues that are not for this board.

Oh dear MK are you think of me hold my special sausage. I think I need a shower, I would suggest you do the same.

Oh no, not the spelling police. Pretty obvious when posters are a touch defensive, they pick up on spelling.

Sorry Bob typing on a very small screen. I will try to harder.....or maybe not!

Could not make the Deep dive as at work. Seen the video, some very positive points but also some concerning information. Including but not limited to the complexity of the Morrocco TAGI compared to the Algeria TAGI. I was aware that the porosity was an issue, but maybe not aware it was so poor. The information about the alpine disruption was good in its detail but when laid bare it again was a bit of a concern.

The fact that the A structure was seen in the seventies and was one of the best chances for Fastnet and is still our best COS, after all that time and seismic was also less than good to see.

All of that basin model work has not really changed the potential volumes from the previous estimates.

The bit that really stuck out for me was the way they tried to bypass the question relating to soil analysis and whether this was used to determine the TE9 site. Basically they are drilling without this bit of useful data.

The positives are that we know why TE8 failed, but as far as I see from the video we can not guarantee that we are going to hit the same problem again.

What if the tie in with OGIF seemed like a good idea, but in fact was less than perfect.
What if OGIF, ONHYM and ONEE are aligned in their outcome for Tendrara, but does not fit with Sounds plans.
What if ONEE are the buyer of the Gas and OGIF and ONHYM are the sellers, oh they are.
What if it is massively beneficial for ONEE to buy at a lower price in the GSA as far as relatively poor Marooco gas end user is concerned.

Oh, please understand my trades are all my own decision and my own fault taking all of sounds information at face value.

There are many things which are great about this company, including communication with PI. But there are also things that provide concern. The primary amongst these is the lack of real director investment in shares. Not just now in a closed period, but at any time. When has Brian or JJ bought any shares? When has JP bought a significant amount out of his own pocket (he sells plenty). Marco group has divested. It if was all that good where are all the director buys, tell me where?

Starting to sound a bit desperate.

Sounds a bit like a Sun columnist

DEAR DEIDRE: I KEEP dreaming I’m having a baby even though I’m not – and can never be again.

https://www.thesun.co.uk/dear-deidre/7364997/dear-deidre-dream-baby/

Ring any bells....

Great, I love JP and the Team at sound. I now think that Brian in the best Geologist that ever walked the earth that he knows so well and that Sarah is great, even though she is also moonlighting for ECHO and CORO. But for some reason I will never forgive JJ for telling us that he was getting II onboard and then changed his mind 4 weeks later.

Oh Bugger it I love JJ as well.

Well MK if I was told that the GSA was complete and we had got $8 I would be very happy with that. But ONEE seem to be playing hard ball. But I guess that JP would have built that into his negotiations.

Most of the timings are orchestrated. You serious believe that they really had 1 RNS a day for 5 days in a row. the first 2 where Guff. I would hope they did not fix the time of the SPUD to be the days of the Jolly, if they do then all I can day is good gracious how tacky...

JP sold the OGIF transaction as a accretive deal. There fore it should have had a positive effect on the SP. Are you saying that JP got that wrong?

Blocker just having a moan. There is a certain amount of annoyance when as a LTH I top the day the CEO dumps his second lot of golden tickets in the last few months. It seemed very orchestrated, that he should sell at the end of potential rise before the Deep Dive and before the fall when the comments by the Geologists were lets say less than encouraging.

I hope i am not seeing the same old AIM story play out, but you have to admit something is not quite right. As for explaining the balls up to the Morrocans i get the feeling that explanation was started at the deep dive. There did seem to be an afwul lot or arse covering going on.

yeah you keep telling yourself that this is manipulation, sorry mate you are deluded. the Market cap has dropped 150million pounds in a few weeks. that is significant. you switch off/ bury you head in the sand. But this is an open BB so you stop wetting yourself and live with freedom of speech.

yep I made the wrong decision and topped at 39p a few days ago. just when JP was selling his 800k. Oh well I got my hands his golden tickets. SOUr grapes I know. but let me have a minute to complain.

well JP does know when to sell. Almost a carbon copy of the last time he dumped some of his golden tickets

plain and simple. the price is tanking because we have a seller or a series of sellers. it could be OGIF as it has certainly dropped since they were clear to sell. They may have need the funds for the past 12 months but now can only sell. With the 7 day window before they need to inform the market, we could see a series of TR1s. if you think the the sentiment is bad now, wait for that to happen. Come on Brian buy some shares FFS.

For the SP to have dropped so significantly since OGIF could start trading I would guess they may have offloaded a few, or it could be Marco ex investors.

OGIF certainly did not waste anything dipping thier CORO share allocation, why would they do that? Do they like to derisk. They are a savvy financial institution with a lot of Morrocco pensions invested. I would not be surprised if they have plan to derisk a little before TE9.

If we see a TR1 in the next few days that will explain it.

You heard it correctly, and I am pretty sure that is the first time we have had it discussed at an investor meeting. Now just consider what they are telling us, we have a tenth of the flow of Algeria and this is at TE6 and 7 and because of the history of the geological events we have far less gas trapped.

Now going back to the pressure build up at TE7 as far as I am aware we are still waiting for it to reach the original pressure. This has always been in the back of my mind as a indication of the bad porosity and now it has been confirmed.

I think JP email can be read in a couple of ways, he says he is excited. Well I am excited but not in a good way after watching that..