Member Info for JezTheFez

The only comment that has surprised me to today is Trellis's "half empty, half full" one. This is coming from a man whose glass is "never empty."

On a serious note, either Parsons is hiding in his Sevenoaks bunker with dented tin hat and doesn't want to come out to play, or he is doing what he needs to do in order to try and secure us the best possible deal. I still believe it is the latter and those that don't, I kindly suggest you stop your whining and moaning and sell-up. Some of you are the very people who were singing songs of praises about anything SOU in the not too distant past. Now you can see why I told it how I saw it, good or bad. In hindsight, that was the decent thing to have done. If I thought this would end badly then I'd jolly well say so and you should know that by now. As it happens, I think we will be alright and some of you may even be #pleasantlysurprised.

Please let this one play out and sit back and see what unfolds. Try and remove the white noise from your head. With great weather just around the corner, go outside and enjoy the sunshine, good for a walk, a run or a swim. I'm off for a swim shortly and it clears the head down of negative feeling.

I will reiterate one last time that the day-to-day share price has no or very little bearing to what a potential sale price could look like. It is just an emotional litmus test in my opinion. Use it to your advantage if you will, but quite the negativity as that it doing nobody any good whatsoever. Deal with facts and not on conjecture.

Suddenly, life above a chip shop doesn't seem all that bad. It feels kind of glamorous actually. In other words, be grateful for what you have and not what you don't have. Everybody has a limit and everybody should know what your limit is. It's like nature: everything has a place in this Universe. We are all merely space fillers.

#maythefezbewithsomeofyou

Flattery will get my brother, The King Of Spam, everywhere. His posts continue to flatter our perhaps more seasoned investors.

Christ, I'm having to do all of JP's marketing work for him at the moment with all of my positive posts! I hope he remembers me in his will!!

Correction: I have just reminded myself about some of the content mentioned in one of our recent RNS's, which makes reference to the exploration potential of our Eastern Moroccan assets. It is important to remember that this is the information that I suspect JP et al will be using in their company presentations to prospective buyers when it comes to placing an indicative value on what we have to offer:

"Sound Energy, the Moroccan focused upstream gas company, is pleased to provide an update on its strategy and operations.

Eastern Morocco

The announcement on 21 May, 2019 regarding the results of the TE-10 well test does not diminish Sound Energy's overall assessment of its Eastern Morocco acreage which, following the drilling of 5 wells and interpretation of new seismic data, all operated by the Company, contains a number of high impact plays including:

· 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."

20 TCF mid case......hence MID CASE!!!!!!!!!!!!!!!!!!!!! Has anybody noticed the reference to "MID CASE??" Also make note of the word, "UNRISKED." Is anybody feeling a tad better about their chances here?????? I certainly am.

#keepthefaith

It seems some people have forgotten about the value of what we already have. There is also a price you can put on the unexplored potential of our assets. What that number is, is up for debate and I suspect it will be down to the prospective buyer(s) to ascertain and determine what value they place on this unexplored potential. The seismic data that is constantly being processed by the Exploration Team along with the well data that we have from our exploration efforts will also aid with this process.

I'll put it another way: is there any investor out there who doesn't believe the Horst has a value of around 21pps-27pps? This value, or figures around this price range have been bandied around several times and by JJ in the recent Malcy interview. I therefore believe that should we be sold, then the base price has to be around the mid 20p's at the very, very least. The eventual sale price per share is still up for debate, but given the fact that many investors were buying up to £1 and that includes some II's who I think were buying-in when the share price was in the 80p's, I think there is a chance we could all be #pleasantlysurprised. Let's hope that there is a bidding war going on in the background. If two bidders really want what we have then things could get very interesting indeed. And should we find no buyer, which I don't think will be the case, then we raise money again / sell SM perhaps and go after Te-11.

#excitingtimes

Partridge,

That's a very negative post. I thought you were positive about SOU?? Maybe your sentiment has changed ever since you strayed away from your pear tree around Christmas last year. As somebody mentioned on this bb yesterday, the grouse hunting season commences on 12th August. Although I am anti hunting and against all forms of animal cruelty, I just hope for your sake, you find an adequate shelter to hide in when the bullets start flying.

Glad you agree with me, SoundasaPound1.

I am trying to put together all of the jigsaw pieces into place and I believe an early August offer could happen. The smallish raise sort of gave it away, coupled with the reduction in salaries, commencing from 1st August. I just wish others on this bb would quit the fighting and personal comments and try and post some helpful ideas that will keep our peckers up. I still believe in a successful LE despite this taking a bit more time to sort out. I suspect the sale price to be many multiples of where the share price resides today too. The clue there is that Simon and Brian bought in around the 11p-12p level and that JJ has options in the late 40p's that ideally will need to be exercised. 50p+ seems logical, but I still believe we're worth more than that for the reasons I have already mentioned in previous posts. Hence that's why now appears to be a good time to top up or average down or even get back in again as a newbie as one chap has done this morning. Welcome back!

Most of us are nursing high averages and that pain is clearly palpable at the moment. I'm trying not to let it bother me too much, which I'm pleased to say it hasn't - purely because I believe in a successful conclusion. I don't think we'll go under, run out of money etc as some posters have proclaimed.

I think we haven't got very long to find out our destiny and that all of this will be wrapped-up by late Summer. All we really have to do is place our trust in JP and the gang to do what they need to do in order to restore both faith and trust amongst us investors. He can't say much at the moment and that needs to be respected. You only have to read the replies that JP and Sarah typed to Trellis to work that one out. Best to judge him on his results and to deal with hard facts only. There's an awful lot of conjecture on this bb at the moment and clearly negative sentiment. Let's all try and stay as calm as we can be and let's not get too emotional. GLA.

JTF

I was always trying to keep the peace, but just in a chaotic way!

Not bad for an old woman, eh Jobbs?!

On a serious note, there could well be some truth in what I'm saying. I also believe the raise the other day was too small an amount to "go long", which I suspect is another clue that we're hopefully not a million miles away from finalising a deal. You know what the in-country politics is like in Morocco. Things sometimes take longer than at first anticipated to get approved and signed-of. Maybe JP is just out of courtesy, awaiting the approval from the Ministers in charge and of course the King.

Does anybody think the share could go into suspension following an announcement i.e. RNS outlining the bid that will hopefully eventually be presented to us? This is usual practice right? When we are eventually asked to vote on the bid giving it our approval or not as the case may be, there may be no more chances to purchase additional shares. That is perhaps why the savvy ones are loading-up now before an announcement is made. I will have to scrape some cash together and have one last cheeky top-up me thinks. It would be rude not to, remembering that the current share price should in theory have no bearing on what the offer price per share will potentially be.

GLA

Jizzy

Just had a thought....

I wonder if the deadline date for bids is July 31st? Reason being is that as of 1st August, the BOD is taking a 29% pay cut. Maybe they thought it unfair to pay themselves a full wage when all they'd effectively be doing is wrapping-up the company. Perhaps an offer will be put to us in early August? Hoping that a deal will be presented to us sooner rather than later.

The share price continues to be an emotional litmus test and is not to be confused with the true worth and potential of our assets. That's why JP has been heard to say something along the lines of, I don't care about the share price....meaning, that the sale price is really all he's focused on and the two don't really have much to do with each other in the greater, grander scheme of things.

Just a thought, so please don't shoot me down for suggesting the aforementioned.

JTF

Retour,

It could be worse. Chuckle Energy were offering to play hosts above the chip shop. I do recall commenting at the time, that it would save the company money, which in hindsight was very apt.

Seaton,

Shaun and I am probably the last two people you want to ask for a calculation. Shaun with his wonky abacus, heavily weighted towards £2.50, and me with my #soundasapound estimations.

Maths was never my strong subject. However, I do know a lot about audio branding and video production, which was what I was involved with before I decided to live above a chip shop. Retour is right: the voice artist fees would have been into the thousands for that and we were probably being charged per word. I will also say that the intro' video must have also stretched into the thousands of pounds.

Trellis,

I do quite a funny impersonation of the SOU BOD so I'd be happy to entertain the guests with my speech after one or two bottles of wine have lubricated the vocal chords.

I look forward to sampling Norfolk spam, cigars and wine.

#livingthedream

Jobbs,

No sexist comments please. Try and keep it clean.

Parsons needs to come out of his hiding place and talk to us PI's. I still trust him enough to deliver us our LE, but he isn't making things easy by hiding in Sevenoaks as we watch the share price head southwards. He needs to magic us up some good news....something positive.....anything to give us reassurance that we're still "on strategy".

I'd be happy with a simple tweet for now if there is nothing concrete to relay via a RNS.

Trellis,
I'd be honoured to be your sommelier, yes. I didn't realise you smoked? I trust and hope you have a good selection of cigars for me to sample? How many people do you think Trellis Towers can hold / cater for?
Jez

They might be erasing all of the videos, but people remembered what they said. We were there and have got the Haribos to prove it.

I am getting the distinct feeling that Parsons is just about to jump ship.

I'd hate to be Trellis's sommelier. I'd get terrible arm ache from all of that pouring.

#cramp

Jack,

Hahahahahahahaha very funny comment. Made me #chuckle that one did!

It wouldn't surprise me. Have you seen how much Trellis drinks in a typical morning? I think I'm going to become a Norfolk wine merchant. I certainly won't be sitting on my hands waiting for things to happen.

JTF

They're going to need to sell SM just to cover Trellis' wine bill at the imaginary LE party.

Chuckle Energy plc, the downmarket, downstream, onshore Cypriot methane extraction company, is DELIGHTED to announce that effective as of 1st August, JezTheFez and SimontheZealot have agreed to a 29% reduction in their salaries. This will last for approximately 6 months in an attempt to give the impression to would be buyers that we're not running out of money. JeztheFez, CEO and Chairman of CHUK commented, "this reduction is a positive move that demonstrates that we're PI centric and care about our investors - all three of them. This reduction in salary will mean that we will have to cut back on spam fritter consumption, but sometimes you have to make sacrifices just to keep the lights on above the chip shop."

"I can also confirm that we will not be moving location and once again, for cost cutting reasons, we will remain in our present location."

Jizy