Member Info for JezTheFez

I believe all three wells will be drilled simply because they are unrelated and seek to explore different targets. I think I'm right when I say that 11 will be poking around the Paleozoic where the greater prize for us could lurk. The beast that lies beneath.
Secondly because JP will want to extract as much value from the asset as he possibly can do prior to looking at either an asset or a company sale....hopefully the latter.
Thirdly because all three drills are already funded and are within budget.
With any success from 10 and / or 11, it is highly unlikley that we will need to conduct any further drilling, especially from a financial perspective. This is why it is of significant importance that we do have success, so that things aren't dragged on against our own will and that would otherwise place a financial burden on us.
I still stand by my prediction of a minimum of 1 pound per share come the LE. This figure should IMO increase with more success at the drill bit. Don't get the current share price confused or muddled-up with what the price per share could be come the LE as they are in the most part unrelated. The current share price is merely an emotional litmus test.

Mannan,
It does seem that those that would otherwise do harm to MYSQ have since vacated. If somebody sees potential in what we have left then I dare say it won't be very difficult to provide us with the required money which will allow us to relist and recommence trading. I would have thought by now that Chong and Austin would have given us an update. It would be nice to know if there has been any positive steps forward.

What is important is that relisting is not an impossibility, so we should bear that in mind.

Secondly, as I alluded to earlier, I suspect that Atlas are furious with what has happened because they have a sizeable wedge of money invested in MYSQ. Ironically, they may decide to stump-up the money in order to get the company back on track for the simple reason that over the next 1-2 years, they may...and I hence may...get their money back with some profit. The Atlas situation could therefore work in our favour.

Would a company that delisted off AIM be able to reapply for a listing back on AIM though, Ortega?
Or would it have to be a different stock exchange?

Jimmybob,
I can wholeheartedly confirm that gas does smell.

In all fairness, a generally positive RNS this morning when a lot of us thought it would be a dry hole. Further tests need to be conducted, so let's not count our chickens, but at least it's not a total failure at this stage in time.

People asking where Trellis is? It's way too early to predict his whereabouts given the close proximity to Christmas. I suspect his state of sobriety is somewhat suspect given the vast array of alcohol that he had wracked-up. I think he said he would re-emerge in early January, which should give him enough time to sober-up, be it only for a few hours-or-so. Hic.....hic.....

Luckyman,

JP can employ the services of Simonthezealot and his gaseous fissure to stimulate Te-10.

Chuckle Gas plc the downstream, downmarket, onshore Cypriot methane extraction company are DELIGHTED to confirm that mechanical stimulation of the Te-10 well will be provided by STZ and his gaseous fissure. JezTheFez CEO and Chairman of Chuckle Gas commented, "the update from SOU this morning is very positive. Although there are further tests that need to conducted, I am pleased to provide mechanical stimulation services to SOU in order to achieve commercial gas. STZ with his consistent farting will pump enough methane into the lower lying bed rocks, which in-turn will open-up the fissures and thus releasing the gas to surface."

Does anybody know if when a company delist off AIM, whether or not they can relist assuming they have secured sufficient funding? In other words, would it be possible for MYSQ to seek a relisting on AIM or another stock market should they secure the funding / backing to do so e.g. from Atlas?

I suspect that Atlas are just as keen as we are to get our money back. They have a wedge of money tied-up in MYSQ, which they definitely won't want to lose.

As for Eric? Surely his career has come to a bitter and abrupt end? A leopard never changes their spots IMO. I trust and hope those that have done wrong here are suitably punished.

250 SWB,

Using your train analogy, I think that most of us are queuing on the platform waiting for the delayed train to arrive.

Choo choo!

Don't forget that even a duster can have some value attributed to it. Why? It lends / unlocks some extra information and knowledge about the basin / asset even if there isn't any commercial gas discovered. Whoever purchases the asset off SOU will undoubtedly want as much information about the various drill sites, including the corresponding seismic data in order to enhance their decision making process when it comes to electing future drill sites.

I don't disagree with your comments, Jack and 250 SWB. However, I am still hard pushed to accept a sale price per share of anything less than £1 as I believe JP will be keen to ensure that those that have invested (both Pi's and II's) will at least want to get their money back and hopefully make a bit of profit in the process too. I am not pinning my hopes on 10 being a success, but I believe we have a good chance with 11 once the drill location site has been identified. I personally still believe we will have a successful conclusion but that's just my opinion and others will have theirs. GLA. Let's hope that the Gas Gods are shining down on us in 2019. It surely can't get any worse than 2018!

"JJ's strike price of 48p"

I'm not sure JP would entertain selling SOU at 48p per share - especially when he was purported to have been offered 50p a share some years ago and turned it down.

I believe JP will be looking for at least £1 per share and hopefully a lot, lot more depending on our results of course, but also the wider potential of our assets and the work conducted on them to date.

Should the three drills all be dusters, which I very much hope they aren't, then it wouldn't surprise me if we do some more drilling and possibly over at Sidi. If that means JJ has to secure some additional funding in order to do so then a lot of Sounders would accept that....especially if it means we have a chance of having a meaningful and awarding LE.

I don't know about you but I didn't invest in SOU to walk away with a price per share in double figures. I'm looking for the "many, many multiples" which was mentioned to me and that I still believe in assuming success at either Te-10 or Te-11 or indeed both. Remember, we only need one successful drill to have a profound impact on the overall share price and ultimately, the sale price. GLA and welcome Soundette.

Me too. I invested several grand into MYSQ based on what we were being told and what was being reported to us via the various RNS's. On the face of it, it appeared we were building a credible business, what with the remittance channels opening-up, the joint working with Tencent for the WeChat service and the year-on-year increase in gaming revenue...not to mention Minglarbar Morning, which was ever growing in popularity.

We are all gutted and our combined loss is substantial. As many of you know, when I was temporarily not invested here and then subsequently back in again, I was never a fan of Eric and sort of had his ticket a very long time ago, which was the reason why my brother and I decided to boycott the London Investment Event after having spent 16 quid on tickets. With Chong joining the team, I thought like many there may be half a chance that Eric would clean-up his act and behave ethically. However, it seems that we were all duped, which angers the hell out of me.

Let's please keep in contact with each other and see where this all leads. People have lost 30-40 grand each and in sme cases, a lot, lot more and thus we need answers.

Have an enjoyable Christmas break despite what has happened to us at MYSQ. Let's see what next year brings.

Jez

I agree, Jordan. Don't believe we're at TD yet and IMO results will come towards the end of the first week in Jan 19.

Great work, FAHP.

There appears to be some quite substantial losses being reported by a number of PI's here. Goes to show how nasty and selfish this theft has been. I really hope that those who have stolen our money have a really crappy Christmas in the knowledge that they will hopefully spend next Christmas and many more behind bars.

They ought to know that we are becoming a united voice and a powerful one too and we won't stop until those that have done wrong are brought to justice and we get some / all of our money back.

Chong and Austin please take note. We need an update please?? Communicate with us...…

Fez

Crude,

Sounds like the beginning of what will be your Poseidon Adventure. It's when the restaurant is leaking into the swimming pool - that's when I'd be worried!

You were appointed as 'Non Executive Chairman' of Chuckle Gas plc., but alas no comment from you. I bet you're absolutely chuffed, right?!

Trellis,

May I remind you that you will be heavily involved in wine tasting and testing as 'Chief Alcohol Officer' at Chuckle Gas plc, the downstream, downmarket, onshore, Cypriot methane extraction company.

Chuckle Gas plc would like to wish all SOUnders a very gaseous Christmas - with or without the aid of sprouts. May all of your farts be genuine, honest and loud.

Fez

SOG - as djwall1s commented, you should have told us all that you mentioned to MYSQ that you were feeling suicidal. That explains their response and the NHS web link.

Trellis - if you were a MYSQ investor, you wouldn't need to worry about any coffin. Can you believe that they are sending PI's a NHS guide to suicide web link?????! Terribly patronising and somewhat unethical. It's being reported to the FCA. The CEO allegedly runs off with our money after telling us that we are to expect "tremendous shareholder value" and the people that worked very closely with him are the ones telling us that we need to seek advice about suicide. Ironic isn't it? The joy of AIM...

SeedofGod,

I like many on here are feeling very angered by them sending a NHS suicide link to PI's. That is completely and utterly unethical despite what they may think is being helpful. It certainly is not helpful. What would be helpful, is treating us like adults and communicating to us as to exactly what the situation is with the company that we are part owners of and more importantly perhaps, if / when the perpetrators are going to be pursued and brought to justice.

I have suggested a conference call, but it has fallen upon deaf ears.

Not a happy Fez.