Member Info for ericnat17

From email exchanges with the company there may be funds left over from the initial carry portion of the deal to undertake at least 1 exploration well.

The deal covers all infrastructure and costs to first gas...

Pipeline
Processing facilities
Producing horizontal wells
Service of infrastructure.
Other associated legal and regulatory cost.

The numbers for the revenue if we maintain our 23% are very significant. Over $30 million a year for Sound. I can see us undertaking a couple of exploration wells a year and also getting a dividend. Our share of one well would be approx 3 million and with all of the exploration team moving over to the JV the sound Energy running costs are going to be very low.

I think the 50p value that Malcy has mentioned about the deal looks a little optimistic with the current discovery. But if they find 600BCF at SBK then we could see some interesting times.

My guess is OGIF are now pulling the strings and want a return, this deal provides regular revenue with plenty of upside in exploration.

Hi Blue

Have listen Sou section in near the end. Some numbers are discussed. We are expecting 66MM when fully operational.

In The Wake Of Oil Week, We caught up with Malcolm Graham-Wood to find out more from the latest Oil & Gas developments, having recently returned from Oil Africa Week. During his time Wood shared a number of quiet one2one meetings coupled to high impact events at Oil week. In addition, the markets have provided a number of material announcements from market participants delivering a flurry of harsh blows or arguably good opportunities dependent on one’s perspective.

https://total-market-solutions.com/2019/11/22/malcy-talks-oil-gas-xvi/

touché

Well that was easy.

Thanks for the Jack.

You heard him no more debates, no more speculation, no more posts about the deal. Go to bed now you naughty boys, no supper for you.

Numpty

Yawn X2

Morocco want gas by end of 2021, therefore they need production
We have at least 3 lower risk drills identified in Eastern Morocco. That they want to drill.
We will farm out sidi, 2d seismic then drill.

Yawn

Sound will take a non operator status in both Eastern Morocco and Sidi. This can be the only explanation of the exploration team moving over to the JV.

Let’s say we keep 14% of EM and 30 % of Sidi. Our share of capex for EM is 100% covered to first gas. We will get a deal on Sidi to cover the most of our share of the initial lump of Capex.

With very very little running costs we will just sit back and take the revenue.

From email exchanges with the company there may be funds left over from the initial carry portion of the deal to undertake at least 1 exploration well.

The deal covers all infrastructure and costs to first gas...

Pipeline
Processing facilities
Producing horizontal wells
Service of infrastructure.
Other associated legal and regulatory cost.

I might be wrong, but after the lates analysis of the pressure build up at TE7 in March 2019; we have far less wells to drill because of the enhanced volume of gas that each well produce. So we are we are in a far better situation than that old RNS.

“ Analysis of the pressures measured in the well recorded over time has led to an increase in the Company's estimate of connected GOIP around TE-7 to a volume exceeding 115 Bscf. Historical analysis of the pressure trend, announced on 19 July 2017, had previously shown that the volume of connected GOIP around TE-7 exceeded 40 Bscf.”

The numbers for the revenue if we maintain our 23% are very significant. Over $30 million a year for Sound. I can see us undertaking a couple of exploration wells a year and also getting a dividend. Our share of one well would be approx 3 million and with all of the exploration team moving over to the JV the sound Energy running costs are going to be very low.

I think the 50p value that Malcy has mentioned about the deal looks a little optimistic with the current discovery. But if they find 600BCF at SBK then we could see some interesting times.

My guess is OGIF are now pulling the strings and want a return, this deal provides regular revenue with plenty of upside in exploration.

Yawn

Very convenient, now in denial.

I think we can see the potential problem here, we have posters who are obviously part of the action group hoping that the letter will cause a 50% reduction in the SP.

Good luck trying to validate a True shareholders a Trellis, you will need forensic IT skills to spot the photoshopped screen shots......

I rest my case, m’lord.....

Hi Pont

I have problems with the letter. I emailed my concerns a couple of times to Trellis. I am happy to keep these between myself and Trellis. The main reason being that I think everyone is entitled to make their own mind up about their support. Not that I would sway anyone decision, but just in case I will keep my own counsel. Good luck with it but just not for me....

My decision to buy the shares
My decision to hold them
My decision as a REAL shareholder not to be part of the group.

“ attempt to create some dark cloud”

Not everything is a conspiracy, and this is a demonstration of one of the reasons I want be part of the group. Thanks for the helping me out Jones.