Member Info for ericnat17

The LE looks very unlikely.

A raise looks now very likely, maybe an open offer. We need to progress with financial strength, otherwise the SP will collapse

My thoughts longwait.

Time to find the buyer and sell the asset. The 2D seismic is flawed, it was rushed and it appears to have wasted a year and eroded the SP. I am sound to the core but my faith in the geology is now seriously dented.

I think the team have done as much as our financial situation will allow, time to wake up and smell sulphur and liquidate the license.

Let’s consider a scenario. I think normally such a large seismic acquisition would include an initial testing/processing of the seismic data quality to calibrate/design the acquisition.

This did not happen at Tendrara. I will let you figure out the why and who, but we all now know the results. Very poor seismic will a less than focused seismic processing team.

PNE

I would add
is the LE put on hold

JP informed the BOD of his intention to leave Sound about now, will he be staying to the end game?

Are you sure that’s 2 dusters in a row

The debt is only 30 million

Nice find.

Good we are getting a mention. Morocco is very conservative about its own O&G potential. So anything this positive has got to be seen as a slight change in the mood music....

Hi shpunk

Not sure what pre rns adjustment is. But hopefully it is good news.

Hi Shpunken

Not that weird it was the auction. You can often see these orders put on during the auction that are well outside the normal trading window.

I am not sure why they are there, could be someone trying to secure a closing prices that matches their Spreadbetting Wager.

L2

as with the last few days the big sell orders are back. Giving someone a chance to buy in. Boring

Could be a good day, L2 looking healthy...

21v20

Big sell orders are gone

Some chunky buys

250ks and 1.8 million

Hi poEun

My thoughts are similar to yours. I had a followed up with another email for clarification and the response indicates they have designed it to “maximise success”. Which I take as get the best flow rate.

All looking good.....

Had a small email exchange with sound. thought I would share. Ignore all of the noise on this BB if you have questions ask the company.

“Good morning Eric. Thank you for your email. Our intention has always been to stimulate both the structural closure and the stratigraphic play but for both to be done through the 6 metre perforation we have made in the primary zone. Obviously this is the intention and we have to see how the actual stimulation spreads within the potential reservoir.”

Hi Cheshire

Correct me if I am wrong, but I think the latest report did not consider that the pipeline was already paid for, so I think we can increase the value of 58p.

Also if both the closure and the trap come in then then other similar play types in the license, of which there are plenty, will have a much improved COS.

Hi Cran

Hope you are correct about a 7 bagger. Morrocco has some of the best O and G financials in the world. So if you but that together with this being onshore and the Tagi is now unlocked, I agree with that massive acerage there must be a fantastic amount of potential upside.

Hi Jack

I think JP will work it so pi will get a choice. Similar to taking up an open offer. Could be worked through nominees accounts without much issue, I think.

Let’s not forget Sidi Moktar.

Starting to feel that we will sell Tendrara as an asset. We will be given a special dividend and the option to go again with Sidi.

If TE10 is a success I can see dividend being well above 50p and then sacrifice 5-8 p of this to go again at Sidi.

Hi Joe

I think we can expect the flow rate at TE10 to be around 1.5mmscf. Which I admit does not sound like a lot, but this well placement was sub optimal for both the closure and the trap, was not designed as a producer and is vertical ( not horizontal).

Ultimately this gas discovery with the addition of SBK has shown there are more discoveries to be made all over the license.

As previously communicated, based on the Company's assessment of the reservoir section, a stimulated flow rate of approximately 1.5 mmscf/d to 2mmscf/d, is likely to be commercial (as a tie-back development to the TE-5 Horst existing discovery).

No problem...
Hello Brian
Great news yesterday, as a long term investor it was very welcome.
I have just one question, will the area of the reservoir that is aligned to the strat trap be mechanically stimulated?
Hope you can clarify this point as it is not clear in the RNS.

Ans

On the current interpretation we will be mechanically stimulating an interval within the structural closure, and below into the stratigraphic trap.

Best regards

Brian