Member Info for ericnat17

Annoul

There are other discoveries that have not been fully investigating. Such as SBK. There are also some medium sized leads that were too small for JP and BM. Find the 30p value to be bonkers but that is a paid broker opinion.

Would be nice to think we could get a free carry on sidi moktar seismic.

Look like sells but they are buys

Davey

I think you should read the report.

Phase I will consist of utilising the existing well stock of TE-6 and TE-7 in addition to drilling
one new well when required to maintain the 10-year period of production.

Got to say that this report only confirms my belief that the best way to see anything like a medium term return is to sell the assets.

6.5 p value when we have pipeline in place. That’s 3-4 years away. And if everything goes to plan.

Another well to be drilled to support the LNG phase 1...who is paying for that.

The -1p value for phase 1 is a very conservative imho.

That was 2017 forecast by Sam. Not sure how much time he spent doing that research

The analyst who created this report had a Target price of 76p in 2017. Not sure we can have an awful lot of confidence in this BSer

Attractive entry point - We believe that Sound has sufficiently grown its acreage position to become a material player in Mediterranean gas. The company is benefitting from attractive and robust pricing fundamentals which have served to boost project economics. With a number of drilling catalysts in the short term, supported by a robust financial position, and a funded 2017/18 drilling campaign, we see Sound’s current share price as representing a compelling entry point for investors. We therefore reiterate our BUY rating and 76p TP.

In fact same patten. Biggish buy followed by 1 share trade. This is just a PI trying to push up interest after they have bought in.

The last 1 code did not supply a RNS.

If this what happens when we get good news, Imagine what would have happened to the SP if we had an adjournment.

Oh well. Looks like all priced in. Might need some unexpected news to move into the 3s.

Would like to think that we may still sell the whole company. That would certainly reduce the time we have to wait for a decent return.

Could the bond holders be forward selling the share they have been allocated? Is that even possible?

Looks like the bond was priced in.

The next question - is the phase 1 deal also already priced in. It is now nailed on for success. You would have thought that the price would have ticked up based on that alone.

Oh well sit back and wait for the big farm out announcements

So maybe not so much of a legal formality after all.

77% of the note voted. That was close

Hi Davey

Yes I thought this would go to another vote. But GL has been shown to be very professional again.

The August 21 running out of funds is not important. We will have the 13 million loan in the bank by then. Even if we don’t a small raise won’t hurt.

The offtaker deal may be improved now that we have the bond sorted. It did hint at that in a previous RNS.

Maybe another RNS today or maybe tomorrow

Well done GL and the sound tea.

Notice to proceed with the phase 1

Wow Malkis

That is pretty basic stuff. I posted the link to the new proposal the other day. But I will post again.

Pretty clear we need 75 % of bonds to vote.

https://www.bourse.lu/security/XS1434582885/241909