Member Info for JezTheFez

No, the day-to-day share price Vs the eventual sale price of Tendrara or indeed the whole of the company. In layman's terms, a lot higher than what the current share price is IMO. Unless you think Tendrara is worth 11p per share?

Bula and the rest of the trapped bulls.....

OK so when the share price was sat at £1.02, what value would have you and others placed on our asset or company? Were you one of the ones spouting figures over £5 or even £10 per share? Now that it is sat where it is, doesn't make what we have any less worth what it was when we were sat at £1.02. If you haven't worked it out by now, all the day-to-day share price really is, is an emotional litmus test. In fact, I'd argue the case that what we have now compared to what we knew back then, is a lot, lot more. For a start, look at all of the extra potential multi TCF drill sites that have been identified - following on from the recent seismic analysis.

As I said before, I believe many of you will be pleasantly surprised and shocked by what JP can deliver us. You underestimate his ability to broker a fair and honest deal for us given the circumstances we find ourselves in. And yes, some of you have already alluded to the fact that OGIF call the shots and they are not going to want to miss out. Not in terms of their investment in this venture, nor in terms of who they potentially work with going forward - whether it be with the likes of Shell, Repsol, or SLB - only time will tell. They certainly won't want a junior oil and gas exploration company anywhere near this again. The true potential of our asset(s) IMO can and will only be unlocked via multiple drilling and 3D seismic and of course time and deep pockets - none of which SOU ever professed they were going to do given their size and budget availability.

I believe STZ and Crudehope are right: buying at these levels is a no brainer. I am certainly continuing to average down in case despite finding myself slightly under water. And at the end of the day, one may argue that it is not about what your average share price is, rather it is about how many shares your own. I.e. the eventual LE price per share should IMO have no reflection or very little reflection on what the sale price is potentially going to be. On the subject of which, I am one of those who continues to believe and endorse a price per share of at least £1. And yes, £1 ain't all that great in the greater, grander scheme of things, but as my brother has commented, it alleviates the negative feelings regarding loss of money for all. If people can at least recover their money back then that in itself is a luxury these days on AIM. GLA and keep the faith.

#tometoyou
#assoundasapound

Jacklevi,
I suspect we PI's will be the last ones to learn of a deal. That's what we have been told by JP. I am paying very close attention to the day-to-day share price movements because any shar rise in the price for no apparent reason could be down to good news just about to land. On the subject of which, I am hoping we get our revised GSA sooner rather than later. That has to logically be the next major RNS and hopefully following-on from this an offer.

I am still recommending people fill their boots at these relatively low levels, just in case the share does go into suspension because it may catch a few of us out. There'll be many who will probably say, "well I wasn't expecting that....". Talks with a prospective buyer or buyers may be at their advanced stage. Buyers may have pulled out, new buyers entered the fray. We just don't have any clues to go by really, which is what you'd expect at this late stage. Let's just hope that there is at least one buyer interested in us so a bidding war ensues.

If we can't find a buyer, then I see the only option we have is to go long with JJ Traynor as our new CEO. I really hope it doesn't come down to this, but we'll just have to hold tight and sit it out. It's getting frustrating all of this waiting and waiting but tough it out we must.

If we are a united voice then JP will take us more seriously. There are so many mixed messages on this board and second guesses for what the LE price per share could be that it's difficult to gauge what we would be content with. JP ought to know this though: I won't be agreeing to or accepting any low ball offer sub 50p per share and neither should any of us in my opinion. JP needs to know that we are relying on him to deliver us on his promise of "many, many multiples." Failure to do so would be catastrophic to say the least. GLA.

#assoundasapound

I believe JP must be more than aware that he has thousands of eyes watching him and relying on him to deliver us a decent LE result. If he doesn't then unfortunately for him, the spectre of SOU will always weigh heavily on his shoulders and ultimately his reputation. People have been saying that they won't invest in anything else he is involved with e.g. CORO, ECHO and possibly his much touted C4E company. The irony exists however, that should he get us a stonking deal then people will be more than happy to follow him to his next venture. If he is going to do one thing right at SOU, then please deliver us a decent LE. Then all of the dusters may just be forgiven. Nobody wants to lose any money here at the end of the day and he has a responsibility to ensure that that happens. That is why I believe we should expect at least £1 per share and hopefully more.

People need to tune in from 12 minutes 15 seconds with the Doc and Malcy chat about SOU. That will save you all routing around trying to find when the bit about SOU starts. The link is in BurtonD's post below.

We even have LE Party deniers now on this bb. You couldn't make this up if you tried. If all else fails, you are all invited around to Chuckle Energy HQ where you'll get a bag of chips and a half eaten spam fritter if you're fortunate. Trellis will be handing out um bongo on the door, as out drinks budget doesn't stretch very far I'm afraid.

I think the so called 'Holy Trinity' should be renamed to: 'Hear no evil', 'speak no evil' and 'see no evil'.

Double the trouble, twice the pleasure.

Jobbs,
I'm just sick and tired of people coming on here telling me that I am not a twin. It's old news. The silence speaks volumes. The numpties won't even cough up some of their cash and place their bets with me. They know I need the rent money to continue living my dream above the chip shop. Some people just don't care, do they?!
JTF

I did watch the Sailing With Sound video again last night as somebody posted the link on here. I have to say, it made for very uncomfortable viewing. BM's presentation especially. It's admirable that they had confidence in achieving the 31TCF figure that was constantly bandied around, but they should have exercised a lot more caution IMO. The overhyping was probably due to the fact that we had recently suffered bad results at Badile and they were attempting to inject some positivity so that the share price could remain as buoyant as it could have done given the circumstances. JJ was still barely audible despite the fact that he had a microphone in front of him. He really does need to learn to project his voice better and annunciate. I'm certain JP has learnt a lot from his time at SOU and the hyping won't follow him to whatever venture he goes on to next. Realism and not optimism is what is needed when you're involved with Oil and Gas exploration. I should know being CEO of Chuckle Energy plc.

You see...that's just the problem here. Some of you are very brave keyboard warriors, but when push comes to shove, you won't back up your statements at all. Whilst you're all squabbling with each other, the savvy ones like STZ, are loading-up just prior to what will inevitably be share price suspension and an offer on the table. I reckon it will come a lot, lot sooner than you all think too. There is very little point in dragging this out any longer than it needs to and JP will be keen to conclude matters here and move onto CORO and other ventures. I suspect his C4E venture is on ice at the moment given the level of cynicism for him right now. He knows that will change though should he deliver us a decent LE. All will be forgiven and his trusted disciples will follow him on to his next company. It's typical human nature really.

sorry...'profess' not 'protest'.

sreadman,
Then do as your buddy, Ogrod, will be doing. Place your bet for all to see and I look forward to collecting my winnings at the LE party. I'm fed up of those that come on here and protest to know what they think they know in order to impress a few others. It's old, old news that we are twins. Where have you been these past 5 years?? Place your bets......and I will scoop the cash when I see you. Either that, or I'll let you buy a bottle of champers for Trellis.

Ogrod,
Then put your money where your mouth is and you bet some money with me that I am not a twin and that we are two people. We composed that RNS together after breakfast. I was sitting on my sofa and he was sitting on his and STZ typed it out. He read it back to me and I approved it! I look forward to collecting my winnings when we meet at the LE party. You should know by now never to bet with a Chuckle Brother because invariably, you will lose and end up making a bit of a tit of yourself. There's no point coming on here spouting your false allegations and then not being man enough to back up your statements by betting with me if you really believe you are right and I am wrong.

Over to you.....

How much do you want to give to me? I'm DELIGHTED to find out.

Jizzy

It seems a vast majority of you are still feeling cynical about JP's ability to deliver us a successful conclusion. And the irony is that should JP return you your money, or even make you a profit, suddenly he will become the second coming, the newest Messiah on the block. I think you should have a little more faith in the man to do his job and I'm sure he will surprise a lot of you with how this turns out. It amazes me how some of you actually invested in SOU in the first place. The very people who have placed their life savings, their houses, their pensions on this are the very ones who are now holding the poor man to account. He is right: the failures / dusters weren't his fault, which I mentioned in one of my messages last week. Rather, it was the fault of the exploration team i.e. BM and SLB who called it wrong. JP had to trust their judgement as he is not a geologist and they are. His job was to sell the company, oversee the accounts etc. This is now where he comes into his own i.e. deal making. Judge him by his results and not what you think may happen. This talk of 50p or lower per share at LE is ludicrous. Just listen to yourselves. Man up and stop whining all of the time.

JTF

Stop being silly. I am me and he is he. We are twins. Fair play to STZ who has put me to shame and purchased a considerable amount of shares this morning. I'm sure he will do well with his investment.

If you don't believe we are two people then you are going to look awfully stupid when you eventually get the privilege to meet us.

Happy to have a bet with anybody who doesn't think we are twins? You name any monetary value and I will be happy to bet with you. That should put a stop to your constant jibing. Grow up, numpties.

Shaun,

Let me guess...….

£2.50 per share?

Jizzy

Crude,

Those ducks you talk about that were nicely lining up. Well I swear I saw them hanging in a restaurant window next to each other down China Town the other day. Had to stop by and sample a quarter of one with some BBQ sauce, cucumber and wraps.

Gorillacramp,

Now you're sounding like me! Maybe I've rubbed off on you?! Hehe.
On a serious note, you guys got a bad deal today and even I wasn't expecting PB to be sold off for peanuts. BM has played his hand and he had the Joker card all along. I have always commented that he wasn't creating enough pizzazz around the share, but what is more worrying is that he has blamed you shareholders! Flattery will get him everywhere.....NOT!

So what now? I wouldn't touch this one with a barge pole at the moment. The sentiment has taken another kicking today, big time. I called it right I believe. I just don't think they really had enough nous and cash to drive the project forward, coupled with the lack of shareholder excitement. The same seems to be happening over at HMI - just a general lack of interest and understanding, which is causing the share price to dwindle. It's a sorry state of affairs and I'm just very glad that I jumped ship at just shy of 5p. Since that day, the share price has been looking downwards and it seems likely that it will continue its journey below 1p while it licks its wounds and decides on its next direction.

Remain very, very cautious here guys and gals. They appear to be months and months away from any sincere progress and what is a killer on AIM is a lack of regular news flow, poor sentiment and uncertainty. Sub 1p I suspect provides a decent opportunity to buy-in or average down for those that are interested, but 0.75p to 0.8p looks likely here in the interim. Such a shame for you loyal shareholders, but apparently it's your fault so you're just going to have to take responsibility for what happened today and going forward. Pah!

JTF

TotalTrader,

"What would have been the flip side - a pretty good BFS, sp rise, followed by a large dilution and then an sp fall."

If you thought this, then why didn't you and others heed my advice? I warned you and it seemed to fall upon deaf ears.

I think PB has been sold off for peanuts and the more problematic issue is that there appears to be very little support for these type of projects by UK investors. They have failed to create any pizzazz around this share and are blaming you lot for their demise. Charming!