Member Info for Ian_

Ja51, LSE had a clearout of old data and this happened across the board, it was a pitty.

Also, remember that we all thought the share price was underpinned circa 58p with the value of the TE5 horst discovery at the time of the Gherkin party, not the later announced 20-23p debacle that shot the floor out from under our investment decisions at the time...

Jack, you are probably right, hindsight and all that, I accepted a lot of things that James said he would do and then didn't do as just a change in the plan, then my rose-tinted specks came off and I instantly saw all the negatives as I was a believer up to that point. a very sad day.

Exactly as you say Woodrow, you had to be an existing shareholder in order to obtain a ticket to the Gherkin event, you had shaken James Parsons hand on entry and here in front of you and the audience James spoke and appeared to advise us that this share was the best thing since sliced bread and great things would happen and a legacy for our families.
But if we are cynical, the fact you had to be an existing shareholder to get a ticket in the first place, perhaps he wanted rather than to be giving us a share tip, he was trying to make us extremely long shareholders and fund the company to the bitter end, "Bagholders" as someone on ADVFN has been advising.
It is funny as when at the event we all cheered James's speech, on reflection and after reviewing the video of the event much later it was cringeworthy, but if you were there at the time you got sucked in to remain invested, it was most convincing and lots of us did remain invested, we did not think this was a sales exercise, that was the last thing on our minds as we were not New punters. some saw through him though, well done to you, wish you had warned the rest of us as I certanty did not forsee this outcome.

correction to post below:-
"and I was in profit"
I Meant to say
" and the share price was in positive territory compared to my average purchase price"
long way to go to make any profit!

Also to put the share price into perspective, when we had everything going for us and nothing had yet gone wrong and the world of Sound was all Rosey and the share price peaked at circa 99p a share, with the extra shares in issue as of now that equates to an equivalent in today's money of only 62p with the 37% dilution, I think a lot of us, myself included kept hanging on thinking the next drill will hit the gas and the share price will rise again like a "Phoenix" and I will get my money back without realizing that my average of original purchase of 58p 2106 equated to only 42p in today's diluted share in issue price and that any price above 42p and I was in profit.
Oh, hindsight!

Simon, sorry, but that is incorrect, OGIF did not BUY any shares, they were awarded/given to them for extra land/exploration rights.

"On completion of the Acquisition, OGIF will be issued with 272 million new ordinary shares in the Company (the "Consideration Shares"). The issue of the Consideration Shares was approved by Sound Energy shareholders on 15 March 2017 and OGIF will be locked in for a period of 12 months from issue."

Shares in issue prior to the deal:-

RNS Number : 9895J
Sound Energy PLC
3 July 2017, Sound Energy plc ("Sound Energy" or the "Company") Total number of shares 731,514,432

Shares in issue after the deal:-

RNS Number : 7071D
Sound Energy PLC
1 February 2018, Sound Energy plc ("Sound Energy" or the "Company") Total number of shares 1,015,952,107

This was JP's so-called "accretive deal" that diluted the shares in issue by no less than 37% for NO gain for us as shareholders that I can see as of yet unless I missed something.
Good luck all, we are going to need lots of it!

Evening Moose, thanks for that, much appreciated to get another opinion on the fundamentals, none of that post was my workings, and I don't want to take credit for it, that belongs to the original author, the post I saved as it sounded rather good, but I just wanted to get a view from others as to what PE ratios we may end up with if lucky as those figures sounded rather too good. thanks again and let us hope things keep on improving in ANGS.
Thanks again and good luck
Ian

Good Morning, a copy and repost from Nov/Dec time, do the quoted figures still represent the true valuation for any achievable flow rate, or were they just a pie in the sky quotation from Vonk, genuine question, hope everyone has a good mothering Sunday. thanks, Ian.

Below is what Lord Vonk originally said (cut and pasted from a xxxyyyzzz post of end-Oct). Bear in mind that Brent is selling at about 25% less than it was at the time of the interview and you have to make your own judgment call on the assumed PE range. Some people will say that PE should be based on EBITDA but ANGS can offset any tax with prior losses. So using PE seems good enough as an estimate. Sentiment though will be a more dominant factor than any fundamental analysis using accounting ratios. IMO GLA ATB blah blah :-)

From the interview below, Paul Vonk said: "Each 100 bopd at a P/E of 15-25 = £25m-£40m mkt cap." which gives the following potential mkt caps (and with the 65% ownership already factored in to give the corresponding sp with 381m shares in issue):

100 bopd = £25m-£40m mkt cap (4.25p-6.825p for 65% share)
500 bopd = £125m-£200m mkt cap (21p-34p for 65% share)
1000 bopd = £250m-£400m mkt cap (42p-68p for 65% share)
1365 bopd = £341-£546m (57p-93p for 65% share)
2000 bopd = £500m-£800m (84p-136p for 65% share )
3000 bopd = £750m-£1.2 billion (126p-204p for 65% share )
4000 bopd = £1 billion-£1.6 billion (168p-272p for 65% share )
5325 bopd = £1.33 billion - £2.13 billion (224p-362p for 65% share)
(NOTE: Angus own 65% of Brockham)

Angus flow tested 1365 bopd at HH from 168 ft of Kimmeridge then sold their stake to drill the thicker Brockham.
Angus is about to PRODUCE (not flow test) 656 ft of Kimmeridge at Brockham. That's 3.9x more, ie 5325 bopd.

PNY79, good point well made..

Hi Neptunes, thanks for that, I thought £0.23 was it, but the bit in the calculation ( Sound shareholders equates to a 1/0.47=2TCF gas discovery)...would that not be 1x0.47 = TCF discovery, why the 2...odd

After reading that, think I'm more confused than I thought I was........Calling Soundingoff for your opinion.....

Regarding the Valuation, you quote £150m, on the London Stock Exchange it shows 2017 breakdown:-

Assets £(M) 2017 2016 2015 2014 2013
Reporting date 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013
Tangible assets 0 2 6 15 1
Intangible asssets and goodwill 164 28 10 9 20
Investments and other non-current assets 0 2 1 0 0
Total non-current assets 164 31 16 24 21
Inventory / Work in progress 1 0 0 0 0
Trade and other receivables 4 9 3 2 0
Cash and Equivalents 21 47 15 13 1
Other current assets and asset held for resale 12 3 0 0 2
Total of all ASSETS 202 90 34 38 24

The biggest number is " Intangible assets and goodwill " of £164m, I think at this time the GOODWILL valuation might be out the Window, just my personal opinion:-)

Timster, you are correct I was wrong, sorry,

Less than that DEC 2017, and we are 11 months further down the road with spend....

Corporate
• Cash balance at 31 December 2017 of £21.2 million
• Strong safety record
• Disposal of Italian interests
• Appointment of new Chief Financial Officer
£21.2 million
cash balance at 31 December 2017

from latest SoundEnergy PDF

sorry longwait...... apology,

longwait, we don't have 6Tcf- we have 0.6Tcf times the latest shenanigans over this $/TCF, thus we conclude it is worth to us as shareholders approx £0.20 - £0.23 if we can get the GSA and funding....if not ? this is why we are pis£ed off at being misled on guidance shall we say....

Just a question regarding notes from FSC, regarding TE-10 webcam outage and no reinstatement, WHY! ..we are told its a NOMAD decision, fare enough, then James says it is also slightly to do with well design?

(Are you planning to switch off the video feed again at TE10. If so could you please elaborate why this is necessary?

James Parsons (Chief Executive)

It was a NOMAD decision and slightly a function of the well design.)

Why! all that has to be done in my mind if they think we can glean any real info from it is to zoom out further so at least you could see an actual drilling rig in place in the distance, ......just an odd quote I thought.

My Dream has just turned out to be a Nightmare, I feel...........

Morning Eric, good find, that now adds to what my gut feelings were yesterday when I posted my ramblings, RE: Turbulent Week, Sat 07:01. ...just hypothetically, if said valuable assets were sold off out of the said portfolio, would us shareholders be left with an empty shell company, and it dept. or is that incorrect, and as we know, shareholders are last in line for any payout. ?