Member Info for JezTheFez

Jobbs,
You should have perhaps got on with your day three hours ago, you sad individual.
Get a life? Yeah right. And it's my brother's knee and not his leg. Not very exacting coming from someone like you is it?
Listen to what Jacklevi has to say. It would have avoided this pathetic argument between us.
I hope you go away and contemplate your actions. Don't come back on here and pick an argument with me again because you will lose every time.

Please bear with us, Ladies and Gentlemen.....

Jobbs is attempting to build-up some courage in order to give us his best estimate on what the price per share come LE could be. He is also attempting to calculate what the CP's could look like. Now I realise this is new territory for him and he is probably feeling awfully frightened at the thought of having to throw caution to the wind, but let's all hope that he has grown some balls in the interim.

Jobbs? You are one boring so and so. You really are. This is not the school playground. This is a bb. You are allowed to make predictions, guesses, reasoned judgements - whatever you wish to call them. Let's hope that Trellis manages to get you sloshed at the LE Party. I bet you'll be the one who dances on the tables with your pants around your ankles? It's always the ones that you least suspect who turn out to be the wild ones.

OK so maybe go and replace that poster of Jacob with one of Soundingoff? And while you are at it, please filter me. I really don't want to spend my time bickering with you and the other investors don't want to trawl through this nonsense.
Still waiting for you to settle on a share price come LE and also some more flesh on the bones with regards to what you think CP's could look like?

Thick and boring? Far from it, pal. If you're on your best behaviour going forward, I'll share my special spam fritter recipe with you, but don't tell Trellis as he may get jealous.

Jacklevi,
You may be surprised to know I like Jacob Rees Mogg too. What I don't like is people who try and behave like him in order to gain some high ground on this bb.

Soundingoff's "reasoned calculation" funnily enough comes out at what I am predicting or "guessing" if you'd prefer me to use that word instead? Funny how that has worked out.

Says the man who in a few comments ago stated, "Bwtfdik."

My point exactly. What does anybody really know, at the end of the day? All we can do is make reasoned predictions and I suspect if you asked 100 people what they thought the price per share come the LE would be, you'd get 100 slightly different answers.

Now, we seem to be getting a tad closer to what YOU think the price per share come LE could be. You hope that it is £1, but think it could be slightly discounted with the possibility of CP's. OK, that's good. However, you still fail to settle on a price per share and give no extra information on what the CP's could potentially be if at all? Please elaborate?

I bet you have a poster of Jacob Rees Mogg in your toilet, don't you? I bet you polish it twice daily.
Don't try and get clever with me, Jobbs. I'm way smarter than you think. I named our last space mission for a start.

But the 50p / £50 million argument in your owns words is, "irrelevant" so why raise it as an issue? That was then and this is now. And what I believe is that we're worth at least £1 per share. That is my personal thought and you and others are entitled to theirs. One thing I will say is that there are many investors out there who have IMHO greatly undervalued what we are worth. At the end of the day, we are worth what somebody will pay for us. I would like to think that is at least £1 per share. If you want to see "the math" then I think Soundingoff has already provided some ideas around this, so please refer to his posts. He has already answered your question with regards to the £1 per share estimation if you need to see a "bag-of-fag packet" calculation. Let's see who is right then come the LE. I don't think you are winning many friends displaying the rude behaviour that you are on this bb. People are entitled to their opinions and if you wholeheartedly disagree with my predictions (and that's really all they are) then do one and filter me. I really don't need to have you bickering in my ear every two seconds with your ill-timed diatribe.

Funnily enough, I seem to recall Soundingoff thinks it could well be £1 per share, which is what I believe. If you think he has had a good "stab" at it, then surely you must think what I have said holds some merit?

And still you won't have a "stab" as you out it. I think you must even bore yourself at times, pal. I'll try one more time......what do you think the LE price per share could be? I have maintained at least £1 per share. I think you ought to tell us all what you believe it will be, given the amount of abuse you have given other posters. I'll hold your hand if you are scared. I wouldn't want you to soil yourself in the process. We don't like to see any "nasty puddles" on the ground here at SOU.

Jobbs,
Not only are you rude, but you're also a sexist. "Feminine cycles?" Hmm you really have shown your true colours with that statement. I'm sure all of the female investors amongst us hold you in high esteem.
I want you to pluck a figure out of the air!! That's the point of my post. It's to try and encourage you to be a bit daring and throw caution to the wind and tell us all what you really think we're worth. However, it seems you can't, which in my book makes you a bit of a coward.
You have quickly become the Jacob Rees Mogg of this bb. You pretend to be exacting with your statement but in doing so you have become quite the bore. What did your school reports say about you? Must try harder, perhaps? Or was it, must chill out and show more flamboyance?!

I am still retired thank you very much, just in case you thought I had gone back to the coal face with my shovel and lamp. Not that it is your business anyway. Retired or working, what do I care? I don't care and nor should you.

JTF

No. You see everybody? Jobbs cannot and won't tell us all what he thinks will happen with SOU. I am willing to put my neck on the line and predict what may happen, but here is somebody who won't even hazard so much as a guess, yet spends all of his time nit picking me. It's extremely pathetic even by my spam flipping standards.

I don't share your negative and rude thoughts. You are hellbent on trying to dislocate the open dialogue on this bb. You still haven't and won't tell people what YOU think will happen with SOU? You have a lot to say about what I think, but fail to share your thoughts about how you see things pan-out over the next few months. Over to you...….go on......tell us what you think, or aren't you man enough? Coward.

Jobbs,
You're like a thorn in my heel. Have you got anything pleasant to say, or are you just trying to be awkward? I am attempting to start a discussion about the HOA document aka the GSA between ONEE and SOU and you are just nit picking. Go and check the roast beef isn't burning, or something useful. Pah!

Crude? Was it 50p per share, or was it £50 million? I seem to recall it was 50p per share that you said JP had been offered, but if you could please clarify this for us, that would be helpful?

50p means 50p regardless of what the share price was or the company value.

Jobbs - either way both scenarios would work just fine. The absence of either would probably devalue our chances of a decent LE. If you were looking to buy SOU, you'd like to have the signed GSA in hand or as you said, provisionally agreed.

Just to reiterate my point, if people haven't worked it out by now, JP is working on getting that HOA document signed-off before the deadline date for incoming bids. The deal is very, very close to being signed-off I believe and we should hopefully receive an RNS detailing what the situation is very soon. Perhaps as early as next week? I hope so.

No point in waiting around for bids WITHOUT that vital document signed unless people disagree with me? If you're a smart chap, you'd want that document signed before waiting for the bids to come in. That's why I think this is taking a while, but should hopefully be worth the wait despite it being a ball ache.

I still maintain we're looking at least £1 per share come the LE and believe that is achievable with a signed HOA document with ONEE. With regards to SIDI, I believe that it will be packaged in as part of the "deal" and perhaps with the added benefit of a farm-in partner in place.

So in conclusion, expect a lot of news to land in our laps in the next few weeks. I think a lot of us will be #pleasantlysurprised. As BM commented, there is a lot that is going on right now and that has been these past few months. It has been an extremely busy time for them with the company presentations and further analysis of the seismic data. I think we'll be fine. GLA.

JTF

Cadell,
I believe we will have at least one bid from the so called "more than 10 companies."
The issue as I have mentioned on previous occasions, is whether or not the offer is decent enough in JP's eyes to put to we investors. The only evidence we have had up until now is that in the past, according to Crudehope, he turned down an offer from Shell for 50p per share. I'm not sure how accurate that is, but there hasn't been another offer since that conversation over a pint with Crude. Since that cosy chat and despite the recent dusters, IMHO we have built-up more company value via our seismic, failed drills (they still have a value!!) AG, partnership deals etc.

I suspect the next piece of news will be to announce that a Heads of Agreement document has been signed-off by SOU and ONEE who are the outfit who will be purchasing our gas from the Te-5 Horst. With that document in hand, our value suddenly increases because if you were looking to buy SOU, you'd love to have that piece of paper tucked under your arm. Basically it's like receiving a blank cheque. Plus, the ten year tax break and you're practically laughing all the way to the bank. Remember, Moroccan gas is worth more than gas in the majority of places elsewhere on planet Earth. The strategic and geopolitical location of our assets is also very compelling and important. Access to both the African and European gas markets is a win-win for all those involved and especially when the pipeline is constructed.

As a certain somebody once said, "what's not to like?"

JTF