Member Info for ericnat17

We may get a wait and see type of presentation. But I think that would be a killer for the SP. My hope is a RNS with details of new strategies relating to Phase 2.

As I said last week. Our current status is that we have no update to say we have extensions on Funding, farm out or licensing renewals. Therefore the market has been informed of the status by lack of RNS stating extension to any of these items. They may have all ceased. IMHO That would not require a new RNS. When I have asked about this I get the response that please read current RNSs and any further information will be released by RNS.

As we did not get any real news. My guess is a change in strategy….. maybe putting company up for sale. That could be announced anytime before the presentation.

One question that sound are yet to answer for me is about the Schlumberger deal.

Schlumberger Is due approx 10% of net profit from Tendrara as part of the sound acquisition of Schlumberger 27.5%. The question is with the farm out process giving up 40% of Tendrara who is going to pay Schlumberger their 10% of net profit.

After the farmout sound is only left with 35% and therefore only 35% of net profits. If they have to give up almost a third of this to Schlumberger then you can start to understand the current SP.

KTF

Was GL on a the TUI flight from Lanzarote that arrived into Luton? I wonder did he get a seat with extra Headroom.

Another all time low reached. And L2 has now gone negative based on orders and volume. First time that has happened in a while.

GL needs to give some form of update on.

Debt funding

Farmout Deal

Exploration licenses - Annoul and Sidi Moktar are now both in breach of commitment. And soon so will Grand Tendrara.

KTF Sounds like we are the same page. I have a little less patience.

Come on GL, give us the update.

Hang on. KTF

Just said I rang them. I did draw any conclusions from that. Of course they have not closed down. They are all still at work. And they are probably pretty busy doing something.

But they are in your own words overdue to provide an update. And it’s not just any update, it’s an update that will determine whether we walk away with some form of value. So they have a responsibility to shareholders….they need to come through with some information or the SP will only take another hit. And no investor wants that..

Spencer.

Rather than travelling you could try and give them a call on the phone. I tried yesterday…no answer.

I spoke one on one with GL at a shareholders meet.

He did not like the email I had sent him challenging his renumeration package, but he did open up on few things. I asked him “why go after Angus”, his response was he thought he could get diversification with a very low ball offer. Well that did not turn out too well for either company.

I also asked about sell out of company. I don’t remember his exact answer, but it was along the lines of yes no problem…..but it would need to be well above SP. This conversation was a couple of years ago. Things may have changed.

Hi Rubber

I think we needed an RNS to say that we are continuing to finalise. We have not received that RNS.

So the NOMAD would probably say that Shareholders have the current status. Which is that the 31 Dec extension has passed and with no additional RNS, therefore it should be taken that this process has ceased. Same as with the farmout deal.

My guess and hope is that we are in the early stages of a complete company sale. That would explain the radio silence.

Hi KTF

Agree that he has “many” other jobs. I see that as a problem, not as a positive. Here are a few more. There maybe more, this is just some very basic research.

NED at clarion petroleum

Advisor at Global Secure Accreditation

Chair of a London Neighbourhood police panel

Present director of residential property management company.

How much is he getting paid for his part time Sound Executive Chair position?

Another one

Pollen Technologies ltd

- Member of the Advisory Board

Another one.

https://www.soncer.co.uk/our-people

GL also has time for this.

https://www.oxanabristowe.com/team

Wow no wonder he has hired people to answer his Sound Emails. Starting to feel like he has already mentally moved on…

Maybe Graham Lyon is not focused enough on Sound Energy.

From his LinkedIn profile I count 7 positions he is currently claiming active. These include director, NED and advisor roles. Busy, busy……not enough time for sound. Maybe time for a change at the top.

Many thought James Parsons was excellent for sound initially, but look how that turned out. It feels like maybe the praise for GL may have been a little too premature.

Kylie

Tend to agree, in part with your thoughts. I would add that with the change in comms provider (Sarah Dees - not on the scene) it maybe that the leaks have been plugged. Also there has been a fair amount of focus in the press about AIM companies and their potential to, let’s say bend the rules. That it maybe be a tighter ship.

I have had the same template email from FS.

Let’s just hope the Graham and the team have returned from the Christmas Break. They maybe all still on a 2 month cruise around the Caribbean. To be honest we would not know if they are.

Order book….

More buy than sell orders

And greater buy volume

Https://fr.hespress.com/348962-lautosuffisance-energetique-au-maroc-est-plus-proche-que-jamais.html

What follows is fiction

In the heart of London's financial district, a gas exploration company named Sound Energy was making waves in the industry. Despite a dark cloud hanging over its charismatic yet dubious CEO, James Parsons, the company set its sights on the promising Tendrara region in Morocco for its next venture.

Sound Energy's team of experts, undeterred by Parsons' questionable reputation, began exploration in Tendrara. Against all odds, their efforts paid off spectacularly. The drilling operations unveiled vast gas reservoirs, exceeding all expectations. Shareholders, once skeptical of Parsons, found themselves on the brink of unimaginable wealth as the stock prices soared.

Parsons, known for his ruthless tactics, exploited the success for personal gain. While shareholders celebrated their fortune, Parsons engaged in underhanded dealings, manipulating the market to his advantage. Despite the whispers of his unethical practices, the allure of profit overshadowed any concerns the shareholders might have had.

As Sound Energy's stock continued to climb, Parsons reveled in the success, solidifying his control over the company. However, the more power he gained, the darker his actions became. Reports surfaced of environmental negligence in Tendrara, with local communities suffering the consequences of the company's exploitative practices.

Unbeknownst to Parsons, a group of employees within Sound Energy had grown weary of his malevolent leadership. These whistleblowers, armed with evidence of his misdeeds, approached the board with a damning exposé. The shareholders, finally confronted with the truth, faced a moral dilemma.

In a dramatic turn of events, the shareholders, fueled by a sense of justice, ousted Parsons from his position. The revelation triggered a corporate overhaul, with the company committing to rectifying the environmental damage in Tendrara and making reparations to affected communities.

As Sound Energy shifted course under new leadership, the shareholders, while still reaping the financial rewards of the gas discoveries, reflected on the cost of their riches. The tale of Tendrara became a cautionary one, a reminder that even in the face of immense success, unethical leadership could cast a dark shadow on prosperity. Sound Energy's redemption marked the beginning of a new chapter, where responsible practices took precedence over profit at any cost.

Wow PS……that’s a bit of a stinker.

I do think that ChatGPT could start doing Sarah Dees job at Sound.

Wow CHAT GPT is pretty good at spurting out a lot of CARP