Member Info for JezTheFez

Notice that the 20TCF mid case is a gross figure and not a net one. Net would obviously be quite a bit lower. Still, these figures are substantial if there is any truth to them. Even if you called it 5TCF net figure, it's easy to see how we could potentially be valued at a figure at least £1 per share on sale.

Taken from the May 22nd 2019 RNS:

· Tendrara Production Concession and the TE-5 Horst discovery it contains, which is a candidate for a 66 million standard cubic feet per day mid case Final Investment Descision ("FID"); and

· additional exploration potential in the TAGI and Palaeozoic across multiple leads and prospects, which the Company has internally estimated to include an aggregate exploration potential of up to 20 trillion cubic feet (mid-case) of unrisked gross gas originally in place.

The above IMHO is the latest and I suspect the most up-to-date assessment / prediction of what we potentially have. I suspect that these figures will be the ones that would have been put in the data packs that prospective buyers were given, along with the seismic and technical data substantiating this.

JTF

The only thing gold in my life at the moment is the shower that I'm getting from you know who.
Kirk? I hope your servants tucked you nicely into your four poster bed tonight and made you a hot chocolate made from the finest cocoa beans?

https://www.youtube.com/watch?v=gR3ZUCGhA_g

This "control" you talk of, Jack? What control?! The share price is nose diving. I bet they are DELIGHTED by what is happening at the good ship Sound with Captain Pugwash at the helm. I wouldn't trust him with a splash cat at the moment.

6.99p???????!!!!!!!!! Ouch indeed. Somebody probably knows something and is offloading. I don't like the look of those £10k sells, if they are indeed sales.

Jack - OK thanks for reminding me / us. Well I suppose the higher the share price come LE, the more money they get. JP has on more than one occasion said that OGIF are on the phone to him a lot, pressurising him and wanting to know what the situation is, so I don't think they are blasé despite what you say. They want to have their pockets lined like the rest of us. It's only human nature to want that.

Shares To Buy,
And that is exactly one of the reasons I believe the LE price per share could be £1 at least. They have access to the share register I believe and they will only be too aware of what prices people purchased shares at, including the partners and II's. James is working on a deal that will satisfy "all stakeholders" and we'll just have to wait and see what he manages to get for us.

Partridge - and James not telling us that nobody would lose at thee levels at The Gherkin when the share price was in the 80p's and the four figures wouldn't cut it, wasn't ludicrous? That's the CEO speaking. All I'm asking he achieves is a humble £1 per share at least. I don't think that is asking much when you consider 20TCF mid case based on their estimates. And 1 Billion is nothing to someone with deep enough pockets who wants the gas and the strategic geopolitical location of our acreage. You may be #pleasantlysurprised. The day-to-day share price is merely an emotional litmus test IMHO and not 100% aligned with the value of our asset(s). It never has been and never will be. Proof of this is when the share price was riding high at £1.02, most of us thought that was just the beginning of what was going to be a JOG like rise in the share price. Mooncheese was shouting £65 per share. Some of us were talking about £5-£10 per share....me included at the height of my rampfest and before I understood how share prices really behave.

Jacklevi - as ever, I agree with what you say. I'm more worried that we could be subjected to a hostile takeover bid with the share price reaching the depths it has. Please remind us all what price OGIF and the larger shareholders bought in at? I think OGIF purchased some shares or had options at around 80p, but I could be totally wrong...again!

When James was quizzed about 'hostile takeover bids' he didn't and never has fully dismissed then. He has merely stated something along the lines of, "it would be highly unlikely."
If we were subjected to a hostile takeover, would it not be a convenient way for the SOU BOD to exit via the back door and comment something along the lines of, 'we are not in control of the share price nor the share price movement....'

Maldini,

Here's one for you: nobody has talked about HOSTILE TAKEOVER bids for a while on here. With the chunky buys still taking place (there was another one after hours yesterday) and with the share price being as low as it is, I am wondering if somebody out there is building a position and acquiring shares on the open market.

Shaun,
You have reached the stage whereby your posts just amuse me. The only person who takes what you say seriously is yourself. Do you honestly believe James would recommend an offer of 50p? He'd much rather say that there hasn't been a credible enough deal at this stage in time and plough-on with Te-11 then accept a low ball offer of 50p per share. You my friend, have completely and utterly underestimated the true value of The Te-5 Horst. I still maintain we could achieve at least £1 per share, but we'll see who is right and who is wrong when this process concludes.

Shaun,
The Chuckle Brothers were otherwise engaged yesterday. Funeral service for Granddad Chuckle, which was very moving. He had a good send-off anyway. He was almost 103 years old, so he had a good life and no....that wasn't down to his diet of spam and chips.

Shaun? Have you purchased a new abacus yet? You've mysteriously gone from £2.50 per share to 50p almost overnight. What will it be next? 4p perhaps? You are a parody of yourself at times, mate. You make me laugh. You and that Partridge fellow who keeps on straying away from his Pear Tree despite September 1st being almost upon us and the Twelve Days Of Christmas song rehearsals.

SoundasaPound1,
Hiya mate. People are aware that initially I thought the deadline date could have been July 31st. That was purely because of the salary cuts that were in place from 1st August. I thought that it could be a signal that an offer would be put to us and the we would have 2-3 months of things being finalised, concluded and wrapped up. I was mistaken.

If you are asking me when I think the deadline date is, then I am confident with telling you December 31st 2019 simply because the recent RNS stated that it would be before the end of this year. When do I hope it will be? As soon as possible so long as the process hasn't been rushed through or botched. If BM's recent statement holds any truth then we could be looking at a deadline date end of this month / early September. BM alluded to the process concluding well before October 31st 2019, but I'm not sure if he was being cynical with regards to Brexit.

It usually takes a good few months at least for these types of marketing processes to run. Another poster made a reference to this the other day and gave some examples of where this has taken place with other companies. So, in conclusion I think we are likely to hear something (however you wish to define "something" early September). The process could go on for longer or not as the case may be. The point is, nobody really 100% knows, so it's all conjecture and a tad wishful thinking.

Jizzy

If something is too good to be true in life, then that's because it usually is. Amongst all of the whooping, cheering and back flipping at The Gherkin, I recall looking out of the window on the very top floor where most of us stood and thinking, "is this for real?" In fact, the bloke I was standing next to and spoke with for a lot of the evening, BC1980 was his name on this bb, but he hasn't been seen or heard since selling all of his shares on the very next day following that event. He saw through the hype long before any of us did so fair play to him.

Parsons is running out of time. Tick, tock, tick, tock goes the clock. Will he deliver on his promise of, "many, many multiples" or will he carry on sticking his nose in the trough and feeding himself and his pals at PI's expense? He's a competitive man. He once told us all that he "likes to win." OK, so prove us all wrong then? Go on? Sock it to us? Make us trust you again? Go on.....! Over to you, James. Let's see if you really are the "deal maker" that you profess to be and we don't want to hear any excuses, no ifs or buts....nothing. I don't trust you, BM or JJ any more and nor do countless other investors. However, like I have said a few times already, I will judge you on the result of the marketing process.

n4aPound is right and please take note of his pseudonym. We are all in it for a Pound, or else this has been a shambles.
Meanwhile, Parsons et al have all become millionaires.
2p to 4p share price is what I think would happen should we "go long". The confusion and anger would be palpable. And is there anybody out there who would like to see JJ Traynor as our new CEO? I don't trust his wondering eyes and his pensive gazes at the ground and the air. He never fails to say, "and I reserve the right to go back to the market in order to raise money." That sentence worries me because invariably what he utters tends to come true at SOU. After all, he holds the purse strings being the CFO.

And besides, if the BOD don't feel under pressure because we are not showing concern by the lack of communication and by how bad things have turned out thus far, then they will let this run and run and run whilst quite happily paying themselves fat wages. May I remind you, that they are employed to represent our best interests and not to fund their lifestyles. We are all part owners of SOU. It is a public listed company and yet at times it feels as though our voices are being drowned out.

Sorry Tappers. I voice the frustration of many who can't be bothered to type messages on here. I am the voice of the silent majority. Like it or lump it.

Thanks Dangler. Welcome to the Board where your only remuneration is spam and laughter.