Member Info for JezTheFez

I think it is likely that the offer will at least exceed the level where JJ's options can be triggered. I don't think the BOD are going to screw themselves over. Nor do I believe the shares that were given to OGIF at around 81p aren't going to have some profit on top of them. These are just some of the reasons why I believe that we're potentially looking at least £1 per share and I won't deviate from this rationale. OGIF will probably call the shots anyway and are more powerful than people think in country. There is gas in Tendrara and a lot of it too and the super majors know it all too well. It just needs more time, deeper pockets and a multi-drill campaign to unlock its potential IMO. JP has said something similar to this too. It's one for the "big boys" to unlock. I still believe the biggest prize is yet to be discovered in the Palaeozoic level, but we'll just have to see what the future brings. I would have liked us to have gone after the Palaeo with Te-11, our last of the three drills, but somebody has called "time" on our exploration as people have commented already today and now it's all about getting the asset packaged-up, sold to the highest bidder and then brought into production by 2021. Morocco is desperate for home grown energy and in the right hands, Tendrara can work and work very well indeed.

I think you may be right, Jacklevi. OGIF call the shots.

Jack - he's full of interesting information and facts. I'm chatting with him now.

Interesting chatting with him actually. He like me thinks there is massive potential across the block with around 20 separate gas fields and it just needs someone with the money and time to unlock it. He doesn't think there will be a Te-11 drilled by SOU, which is something that looks likely now but that it will be drilled by another company most probably.

I'm chatting with Omar now!!! We are now friends on Facebook and we are having a good chat about what we think may happen to Sound. He's agreed to meet me when I'm next in Marrakech.

Just had a quick look at Omar Bouzalmat's Facebook page and it's comforting to know that there are people out there with bigger egos than myself. Even bigger than the great JezTheFez with his mystic, wonky fez! Hehehe!

He is the self proclaimed 'King of Petrol' and describes himself as an "Ultra-Giant Talent".

I think he just walks around the place with his oversized binoculars and predicts the outcome of wells just by gut instinct, which is something that I also use.

Maybe I have found a new friend?! I'll check him out next time I'm in Marrakech.

JezTheFez

I wouldn't want anybody else to negotiate the best deal for us other than JP. People have been rude about him since the Te-10 results, but I trust him and believe in him to deliver us our #dreamsinthedesert. He has an incredible amount of resolve and won't let us down, trust me. He is not going to let us be sold cheaply either and he will do his damnest to ensure that at the very least, we all get out money back and then some.

The 20TCF wasn't mentioned in the recent RNS just for the sake of it. It's a bold statement by SOU to include that in an official RNS, so hence why I believe they have seen a lot in the seismic results that you and I are not party to. They reference new drill targets too. Hence why I maintain that people have in the most part underestimated what we are potentially worth and I believe we are worth at least £1 per share. JP won't let us down this time around.

I agree with you there, Jobbs. No more drilling now anyway as we are for sale. Just need it to be a swift and painless sale to whoever has the deepest pockets. It amazes me why so many investors that have posted on this bb ever invested in SOU in the first place. It is clear by their statements that they placed little value to our assets. I believe people will be surprised by how much we are worth to somebody who understands fully the potential of what they are buying. For a start, the buyer will have a 10 year tax break, which in itself is worth its weight in gold...or should that be gas?!

Jobbs, yes I did reread his statement and it looks like he is referencing somebody else's comment. Inverted commas wouldn't have gone amiss though! Jobbs? You are irritating yourself it seems. Go and play in the sun and leave us to our grown up conversations. Oh and before you depart, remember that we are as SOUND as a POUND.

PNE - why have you gone and sold now?? We are up for sale and the LE is not far off being done. You are either brave or stupid selling now and losing that sort of money, but each to their own I guess.
Jizzy

I know somebody else who should have been given the boot.

Trades,
Looks like you'll be leaving the LE party with a very sore backside then!
Jizzy

Jobbs,

As SOUND as a POUND...…….

Keep on saying it and one day you will hopefully believe it. I have been right about my other predictions and so people should heed my advice this final time.

Jizzy

Jobbs?

You will apologise to me once all of this is over and when you see the final deal. You can buy me a very large glass of CNDP at the LE Party to say "sorry".

Jobbs,
It's clear that you and I don't agree about very much, if anything at all. That's fine. You're entitled to your beliefs and I am entitled to mine. You might find my beliefs rather far fetched but they are perfectly normal to me. I haven't been too far wrong with my predictions here at SOU and you surely must see that? I know that must anger you because you were gagging to have a go at me if Te-10 was a success. You never got that opportunity, so I suspect you are merely attempting to make up for lost time. If people don't believe we can get at least £1 per share then my advice to them is to sell-up and put yourself out of your clear misery. If you are feeling positive and faithful like Lelo Gas then hold fire, sit back and watch JP work his magic. You people underestimate him - the very man who you worshipped just one week ago. I have always bigged-up JP and will continue to do so. It's the other one (you know who) that I had no faith in.

fsheridan,
I averaged down by 4p when I bought that particular tranche. Even at circa 17p the risk, reward was compelling. I will continue topping-up because I can carry-on getting my average down further. If you think we're not worth more than 17p then maybe I made the mistake in buying that tranche, but you tell me? Are we worth more than 17p? I believe we are and no doubt you do too. You have to appreciate that unlike a lot of you, I buy in bite sized chunks, which means if the share price goes down, I can get my average down in decent enough chunks. You people have to throw your house in the ring every time you want to average down!! Either that or your left kidney. You don't need to "school" me, fsheridan. I'm more than happy with my investment strategy here, unlike the vast majority here who are sitting waspish with averages way, way higher than 25p.

Jobbs is just another angry numpty who won't admit that I was right and he was wrong. I know it pains him, but there's really nothing I can do to remedy his pain. I will say this though: gut instinct has got me places before and I am one of the lucky ones having landed a bedsit above a chip shop with spectacularly awful views of the carpark. My gut is now telling me that it needs feeding and so STZ is busily preparing my slop. I will leave you and your cronies to fight it out while I get ready to top up again. Ta ta.

Simon and the other Simon bought in yesterday and you don't see them whining on about the share price being 5p. I know my Simon is sitting very contently with his 10p shares because I don't think he can lose at these levels. We are worth more than 10p per share and I don't think there is one person out there who would disagree. One more decent RNS and then I believe the share price will rocket northwards and it could easily come in the form of a revised GSA that is due anytime soon. People continue to underestimate the value of what we have, which is fine because I'll just keep on topping-up on any dips and add to my holding. It appears that there exists a whole load of trapped bulls or even bears that are nursing averages way above 25p and are clearly worried that what they have will be worth less than the offer that we will receive. Do you honestly believe JP will accept a low ball offer from anyone? He has already been offered 50p per share for the company ages ago, which Crude will tell you about again if you need him to. That offer, just to be clear, was wholeheartedly refused, carte blanche. People need to have some more conviction, some more faith and some more patience and maybe......just maybe.....they may enjoy the run-up to our LE and the party that will follow. I trust JP to deliver is a decent LE and at the end of the day, we will all get the opportunity to vote on whatever deal is presented to us. JP won't be a derisory offer to us because he won't want to insult us and the least I think he can do, is to return each and every one of us our money back. That is why I believe £1 per share is the fairest result and if he can manage to squeeze some more over and above this figure, even by way of contingency payments on future wells then fine. After all, deal making is in his DNA. He said that himself!

BarryBlanc, I can assure you, the only Bollinger I will concern myself with is the special edition one sitting in its box in my bedroom, waiting to be drunk when all of this successfully concludes. I don't expect you to comprehend that being a white wine.

I tell you who was right? Simonthezealot, my brother. He is still awaiting his apology, by the way.
I never had Te-10 down as being commercial. I remained very worried about out chances right up until minutes before the RNS, which you can see in my post just before it landed. I still believe we can achieve a decent LE price per share and I am sticking with my £1 at least figure and won't deviate from that. As SOUND as a POUND.