Member Info for ericnat17

After hours delayed trade.

Well yesterday I would have thought that was genuine, but now.....

I know trying to look on the bright side.

Could be between 1-2p per share. So over the initial 10 years.....

I will let you all figure out that makes you per year for approximately 15 years

Putting this deal and the GSA rns together it is possible to estimate revenue due to sound and potential dividend payments if the company becomes an investment shell.

I have made an estimate and it’s pretty good.

Bidding war.....let’s have it.

Yep cash required for concession area. But carried for further exploration..

“ whilst at the same time allowing it to retain a carried interest that provides the opportunity for Sound Energy and its shareholders to continue to benefit from significant potential upside in the Eastern Morocco Portfolio. ”

Hi whOt

The exploration is carried..

“ whilst at the same time allowing it to retain a carried interest that provides the opportunity for Sound Energy and its shareholders to continue to benefit from significant potential upside in the Eastern Morocco Portfolio. ”

Re read it Mancave

It is the sale of 51% of eastern Morocco acreage. So that us 49% which is carried. So no further costs for exploration. We just collect the revenue after the deal is complete.

We also have Sidi.

I wonder if SLB will be selling their share of Eastern Morocco to the same Company.

I wonder if this company is backed by Morocco money.

All seems a bit dodgy

But re reading the RNS the SP drop looks overdone.

You can now buy lower than that....

We are going long...not good
We have farmed out but we are still on the hook for future costs.
As far as I can see if we go drilling again, we won’t have the funds so we will need to raise cash.
We still have our debt to pay, which is about to mature.....that is the initial payment all gone.
We have sidi but no funds to drill.
I expected more.

And...

Agree partridge

This is also important. It makes the infrastructure funding a moot point.

By agreeing a fixed price for the initial take or pay volumes the Company will benefit from a portion of its revenues not being subject to fluctuations in the commodity prices which in turn should provide higher certainty for the funding needed for the construction of the infrastructure to achieve production.

Bored, bored, bored

https://youtu.be/0VH-tJSpkjA

I think we all need reminding every now and again why some of believe there is great value in the company. We have world class partners in the license. and we have country level cornerstone investor. both of these parties are not running for the door, I wonder why????

I know we have the progressive report but I thought I would put the GSA and the BOOT numbers and the update TE5 production rate together. Now this is a quick Calculation for the new visitors to the BB. And for the LTH please show me where I have gone wrong
At Brent at $70 ( long term average) dollars a barrel, we will get $8.5 a scf. If the production rate at Horst is 66MScf/day thats 8.5 X 66000 = $561k per Day.
561 X 365 = 204.7 million a year.
10 years production = 2.04 Billion.
Sounds Share 47.5% X 204 billion = 950 Million for the 10 years production
Cost for the BOOT is a maximum of 45 million a year, Sounds share is 21 million Per annum.
Other Capex and and Opex lets say sounds share is 21 million per annum. Therefore a total of 42 million a year cost. That gives Sound over 10 years 950 – 420 million = $530 million
$530 converted to Sterling £400million EBITDA.
Gives approx 40p per share. I know the progressive report gives us 25ps, but that does look very conservative.
Also over the 10 years that works out at 240bcf. After the latest bits of info from TE7 and the Seismic, we may have double that recoverable.

Nice find Ducati.

Looks like SLB and Sound will be both selling their percentage. Very attractive to a major. Abs SLB will be very keen to get a good return....

340k auto buy just gone thru...….

Not RNS day,

It’s moving day

Someone is loading up

We do own the right, oh Rodney

It was a buy, and we will see the effect tomorrow.