Member Info for Kasjnaton

BB
The possible scenario's as regarding the debt as I see them;
1) Debt is restructured to allow Sound to continue some form of operation in Morocco, allowing the Micro LNG project to go ahead and possible future exploration. (Future exploration is necessary in order to realise any significant increase in the share price and for share holders to see a decent return on their investment).

2) The debt is not restructured, in this instance either;
a) Massive dilution or debt taken on from somewhere else occurs (or some combination of the two) in order to pay off that debt.

b) Sufficient funds to clear the debt cannot be obtained, the asset goes to the bond holder.

What does the bond holder do with the asset?
He either wants to retain an interest in the asset or he does not
If he does not want to retain any interest he sells it up and maybe takes a small hit or perhaps even makes a small profit.
He does want to retain an interest in the assets that Sound currently own. For this a business entity could be set up in order to carry out exploration of the licence area.

Why no CPR provided for Tendrara?
Would an externally verified report on the possible gas in place show just how valuable Tendrara is?
We know that the mid case for estimated gas in place is about 20 TCF from reports that Sound have produced, what if this were externally verified?
What are the ramifications of that?
With a recovery rate of just over 50% 10+ TCF of recoverable gas is not to be sneezed at.

So what is in the best interests of the bond holder?
How does the bond holder see the biggest return on his investment?

As for the latest comms from the board, did anyone really expect them to be anything other than positive on the future of Sound?
How would it have gone down if they had said things like;
We are struggling to restructure the loan.
Be prepared for massive dilution in the not too distant future.
Because of our financial situation we are struggling to find any buyers or anyone to farm in in order to take some of the risk off of us for future exploration in Tendrara.

GRH, thank you for correcting the bit about the 15% false negative.

Morning Zebra04, yes, I believe so, though for particulars I guess GRH would have to confirm.

The reading that I carried out on this subject can be summarised as;
The earth surface, below which a commercially viable reservoir can be found is affected by the hydrocarbons that escape from that reservoir.
If plant life is present then it is growing under what can be deemed as stressful conditions, when compared to a similar area from which no hydrocarbons are being released into the atmosphere.
Therefore those plants that are growing in the presents of hydrocarbnos will have a different morphology, for instance leaf size and the percentages of the types of chlorophyll present, this can be picked up by the sensors on modern satellites.
Where no plant life exists then the effect of hydrocarbons can be seen in the soil chemistry, again this can be seen by satellite technology.

I have also read that this is the case in about 85% of reservoirs, i.e. 15% of reservoirs the seal is such that no or insufficient hydrocarbons escape, and there is therefore no impact at the surface or atmospheric level. This gives a false negative result.

There is plenty of scientifically verified documentation on the subject and if I have got anything wrong in the above then I am happy to be corrected.

The thing about Tendrara is that it was known that the TE-5 horst area was commercial after Sound carried out the horizontal well activity.

It would then have been a matter of looking at the rest of the licence area to see the surface chemistry in other locations, thereby determining the best areas to drill.

I know not relevant to the Predator board I am actually intrigued by what GRH maybe able to divulge with regards to Sound and timelines of information given, after all as he has said he has only provided a brief overview of what went on.

Good morning all

thewackmiester, absolutely no problem about the misspell :)
Zebra04, yes searching through that website for GRH's post was a real pain, then copying it across to here with the limited number of characters per post was also awkward.

I am just pleased to see that my time has not been wasted and that you have found it an interesting read.

The things is that when GRH posted the information on the technology that his company uses I became intrigued as to the technology involved and how it could be applied.

I carried out some independant research and came across this PDF that was submitted to the Utah board of oil gas and mining, page 11 makes for some interesting reading;

https://fs.ogm.utah.gov/bbooks/2017/08_Aug/Docket/2017-020_274-02_Hewitt/2017-020_20170912.1_RespondentsExhibits.pdf

Although I posted it on the Sound board not one single person bothered to comment upon it.

All I wanted to do was start up a discussion with other board members as to the usefulness of the technology.

The only responses I got were certain people saying that it was nonsense amongst other derogatory terms which was completely at odds with the research that I had carried out.

There were of course other articles that I had read up on, other than the one above, and posted links to on the Sound BB, they all got the same response, i.e. no interest.

Wacky, I was and still am a long suffering Sound share holder, I have sold part of my holding down though in order to buy in a few more shares here.

GRH did post on the Sound board as you can imagine, and I was accused of being him on more than one occaision so decided to forego my anonominity to prove that I am not.

I am also not affiliated with the comapny that GRH works for, however I had done some research on what technology was out there that can determine where commercial hydrocarbons are likely to be found and I came across several articles, two of which are below;
www.researchgate.net/publication/281709163_Study_on_oil-gas_reservoir_detecting_methods_using_hyperspectral_remote_sensing

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/hyperspectral-imaging-a-useful-tool-to-locate-gold-oil-and-terrorists/

Sound have a midcase of roughly 20 TCF of gas in their Tendrara licence area, at a recovery of say 55% this would give 11 TCF of recoverable gas, at £1 per TCF, if drilling had occured in the right place then the shares would have been worth a few quid each.

My understanding though from what GRH has posted is that Sound ignored his advice and decided to drill dusters leaving the company where it currently lies, on the floor needing a cash injection in order to move forward.

Maybe Paul will pick the licence up off of Sound, he did afterall discover the TE5 location that Sound are now trying to commercialise.

Regarding GKP, the post that GRH mentioned can be found at the following link but I have also posted the entirety of it below;

https://uk.adv*n.com/stock-market/london/gulf-keystone-GKP/share-chat?page=5661&xref=chatnav_i_3_b

Posting GRH's iii post again (so I can reference in header): All Longer term holders may recall a fairly impromptu ...but very senior level ...ceremony at the SH1 well site... it was upon the first discovery of oil and it has been all but lost in the sea of noise that sometimes dominates this board That is a pity... as, at that ceremony... it was suggested that the oil was 'unmeasure-able'... perhaps some newer holders might even be unaware of that statement I hope to show you WHAT 'unmeasurable' actually looks like -------------------------------------------------------------------------------- My apologies for the slightly lengthy post... especially as I said that I would post no more ...on Wifely orders pre Christmas But...I have permission for JUST this final one ... For those who are not interested in the 'PRE-AMBLE'... and who could blame you? may I suggest that you skip straight to the 'MEAT' section I have thought long and hard about putting a pre-amble in here at all... but... were I to merely put out the second part of this post, there would be more questions than there might be with this longer version...

The following represents my personal opinion only... so here goes PRE -AMBLE In all of the post below, I bow to the MUCH greater knowledge of several posters here... some of whom have held very senior and successful positions within the oil industry... I recognise that,as a non scientist and as a mere businessman and investor, what I know about this industry can be written on the head of a pin or two but I speak as I find etc.... As some here will know, I have been investing in oil shares since very late in 2008... and in volume since 2009... and, like many here, I have had my winners and a few losers... I hold GKP... somewhat later in this post you are going to see WHY Now....leaving aside GKP as a rather special case ... I regard the E&P sector per se as a very tough place for investors to make real money... (yes, of course GKP is tough also...but for rather different reasons) and IMO that is greatly due to the 'success' rates on drilling wildcats on seismic alone... My research indicates that about 1 in 12 wildcats become commercial successes... some people like to quote 1 in 5 or so... but I do not believe that to be correct as it appears to reflect the re-categorisation of poor drilling results This poor rate of success leads DIRECTLY to many companies in this sector issuing a seemingly endless number of new shares... thus diluting the existing equity holders....often at lower and lower prices... we have all seen many instances of that effect... to my simple mind...dilution appears as a drug within this sector a couple of years ago, I coined the phrase....'issuing shares like confetti' the phenomenon was more recently described to me by a very senior Nomad... as the 'waterfall' effect When I came into this sector, I did much research... and soon developed a view that there must be better ways of finding hydrocarbons...than seismic ALONE Please understand that I am not knocking seismic...I am a great fan of it

but used for the correct purpose I postulated a theory to another poster that the US had probably developed ...or at least used... oil mapping from aircraft... Through countless meetings and contacts, I eventually met with long term and very senior oil exploration people (one such was a GM in BP's International & Frontiers E&P Division and country Vice Pesident Exploration of various BP operations) who had,many years before, developed ...jointly with a group of Russian scientists ...just the technology I was postulating... albeit utilising satellite rather than aircraft-gathered images (vast numbers of such images need to be interrogated for the all important evidence of live hydrocarbons to emerge... such evaluation is a truly mammoth task) The technology works by examining physical changes at surface level... changes in the manner in which vegetation performs when subjected to the constant barrage of chemical 'soup' emanating from the upward migration of hydrocarbons (MICRO seepage...NOT please to be confused with seeps that are visible to the naked eye)... and the effects upon the cementation of rocks where no such vegetation exists (I am told by a senior geologist that such phenomenon is well recognised within the minerals mining sector) They had achieved startling techical success and, whilst they had achieved wealth for themselves... that degree of wealth IMO did not correctly reflect the sheer immensity of what they have I put that down to two main factors... Resistance from the extant E&P community ...the closed shop approach... ie resistance to change,bearing in mind that seismic was around at the time when many senior oil executives were learning their trade... (imagine the initial conversation were seimic to be invented today...'shall we bang the ground and see what we can infer') and a business model that revolved around a pure 'service ' approach So...a colleague and I ...he is well known over at the other place.... having considered MANY business models,entered into an International alliance with them...

whereby we would change the business approach...and the nature and scale of the revenue stream For almost a year (it is not a fast process for reasons I have partly outlined above) we have been signing up E&P companies to our model...(I dislike the term ' E&P' as, surely, what is of great interest to investors is 'D' for Discovery) which essentially reduces the up-front costs for the client companies and we believe greatly improves their chances of drilling success... whilst enabling us to enjoy financial success ...via participatory rights...in various exploration activities As far as I am concerned, it represents the creation of a 'virtual' oil company We never ...or at least very rarely... suggest that drilling take place without relevant seismic... but the key word is 'relevant' ie it is surely sensible to throw better quality seismic...over much reduced areas of GREAT interest... rather that using it as a primary oil finding technique Of course...many here know that seismic cannot positively identify the PRESENCE of hydrocarbons....per se... but rather the types and forms of the sub surface structures that MIGHT contain hydrocarbons I consider that such point goes to the heart of the CoS issue The satellite-enabled technology I describe provides a totally DIRECT indication of hydrocarbons... thus very different to traditional techniques The marketing has taken much time...and continues... and it is early days and these drills also take time... not least of which is time expended in the licencing arrangements... but we are hoping to see some 'live firing' drilling in 2012 on several locations... 'live firing' meaning that... in the success case... we make money out of each such success via the business model (not as investors) It has been entirely up to the client or partner companies to decide if they wish to actually go public with the fact that they have signed satellite contracts... and my view overall is that they might be advised to keep quiet about it for OBVIOUS commercial reasons... one Company though has made such information public.

Obviously ...in addition to our BUSINESS activities as noted above we have also been using such technology to better inform our own INVESTMENT decisions yes...HOW I wish that I had met these guys back in 2008 and I have personally witnessed quite startling successes... to the extent that,whilst the Company and its scientists will claim a somewhat lower CoS ... I can tell you that , in respect of the most recent 25 predictions/analyses, over 85% have been correct it has been a good run Of course,,,we have audit trails of things such as telling quoted companies in advance that their drill would be a duster (among others...a high profile drill in Kurdistan ignored our data...hugely to the cost of the shareholders in that company)... and analysing an un-related duster that cost me (it was before I met the satellite guys!) a large amount of money as recently as the Mayfair Hotel presentation by GKP I showed a satellite oil map of Shaikan to a person from GKP.. and I told him that, in our opinion, SH4 would be EXTREMELY good... he emailed me some while later ...AFTER the first RNS about the preliminary results from that drill.... to ask me HOW I had been so confident as to give him an ADVANCE prediction re SH4 that was SO accurate.... -------------------------------------------------------------------------------- MEAT OK...so what...you ask? Well, we have persuaded the scientists to allow us to post in public...for the first time... satellite OIL images of Shaikan and part of Ber Bahr.... I am also posting a purely topographical MAP of three of the blocks... obtained from a space shuttle programme but with the block boundaries super-imposed for your ease of reference Please understand that the OIL images are NOT in any way to be compared with the interpretation maps you see in various presentations...

Final part..........
IE they are not the product of a chap with a pencil or two but massively important 'live' images... There need to be a few conditions please ...but only a few... As to Ber Bahr... it will be 'only' the south eastern block on the BB licenced acreage...showing the drill location for BB1 in the view of the scientists,that BB drill appears to be located sub optimally (it is not dissimilar perhaps in relative placement to SH1 really within the Shaikan structure ...and look what happened there) BUT...the scientists told me that they feel that BB1 should contain oil reservoirs... although the technology cannot predict porosity/permeability depths of the accumulations... and frankly ...if BB1 comes good ... then one needs to look carefully at the rest of that southern structural map to see the upside there ... it appears QUITE GOOD and that EXCLUDES all the rest of the BB acreage and structures... please bear in mind that for obvious reasons of commerciality, I AM ONLY POSTING VERY LOW GRADE/SMALL SCALE/HIGH LEVEL IMAGES... as the very detailed stuff still has great commercial value to me and my colleagues but I can tell you that black is thought to be 'good'... and we do see rather a lot of deep black here I must also say that I am not able to answer questions ... partly as I simply do not have time to engage in MUCH debate... and partly for reasons of commercial sensitivity...I hope that you will understand It is possible that my colleague in this venture will be prepared to talk with people...within commercial confines/on a limited basis... probably over at the other place However...I do very much hope that some here might appreciate the images.. and the work that has gone into them...it has been considerable I am 'full' on GKP stock... now you know why... and, hence, I now have no issue with letting others here...who might be interested... see ...at least low resolution versions of... what sits on my office wall... I post these without charge... in the hope that they might help put some of the thousands of excellent posts into a clear visual context... AND/OR OF COURSE WITHOUT WARRANTY, IMPLIED OR OTHERWISE ... in choosing to view such images, you automatically accept such conditions... if you are not prepared to accept such conditions ...please do NOT view the images How much oil do we own? of course, I do not KNOW the answer but I can tell you that the GKP images that I possess are, in their scale AND intensity, quite unlike others I have relating to several other oilfields of other companies So...let's just say that, purely personally, I regard BBBS's numbers as being rather conservative... sorry BBBS...I hope you don't mind Here are the images (links removed due to dropbox bandwidth problems. Please see links in the header) PLEASE do your own research , use your own judgement and ignore as much 'noise' as possible... Good luck as ever to all holders I really am now signing off for Christmas Regards GRH1

So tech was used in order to get 100% accurate results in Tendrara, that same tech used to get the results of where GKP drilled.
This same tech now used in the Guercif licence, along with positive comments from GRH.
Although latest comment is that the precise location is not known, how precise does it have to be?
Is the current information sufficient?

Hi middleEastMoney,

From the RNS titled; "Redemption of remaining Arato Loan Notes & Placing."

Is the following;
The Company is working on a faster-track solution to monetise an initial gas discovery at Guercif in the event of drilling success. GRF-1 was drilled in 1972 less than two kilometres from the proposed well to be drilled by the Company.

So we know the proposed location is within 4Km of the proposed pipeline and within 2 Km of GRF-1, although I am sure I read somewhere that it is to be drilled within 1.5 Km but I maybe mistaken by this.

MMM
Why did GRH ask the question?
Why does GRH mention GKP?
What extra information does GRH have that allowed him to be 100% accurate w.r.t Sound Energy in Tendrara and Badile?

Is it not possible to change that % cos quite dramatically depending upon data held and interpretation?

Hi GRH

Well we have been told that the location of the next well to be drilled is within 1.5 Km of GRF-1, so if the location provided by middleEastMoney is correct, and has been correctly interpreted as being just East of Mosun then it narrows down the location of Predators next drill.

This would make searching for the location of that next drill easier.

When the location of that next drill has been found it could be crossed referenced to data obtained for that area, e.g. seismic, to help determine chance of success.

Depending on the data someone has it would help them make investment decisions, as in do they increase or reduce their share holding.

The problems that I have though are that;
I do not know the exact location of the next well, access to satellite data perhaps may help with this
I do not have access to the data available at that location which would help determine chances of success.

The location I found is just to the East of Mosun, try the following in Google maps;
34°16'5"N 3°42'1"W
Or:
34.268056, -3.700278

But as already stated it is in the middle of nowhere.

Don't know why Trinidad has been mentioned for GRF-1.

Hi Chancers, my understanding of forward selling is that the company knows that they are going to receive those shares at some point in the future but sells them before actually getting hold of them.
Intersting article about Cornhill Capital;
www.sharesoc.org/blog/regulations-and-law/forward-selling-a-crime-against-shareholders/

Dear fellow SOU share holders .



I have posted on this board in the past and have been accused of being GRH

I am not him

In light of Trellis (Richard Ellis) forgoing anonymity, I have also made this decision as proof that I am who I say I am.

My name is Edward Hilton and I am, for me, a large and very out of pocket shareholder here

One of the roles that I fulfil in my current employment is that of a strategic planner

The reason for me writing this post now is for the following;

Sound Energy, potentially, now faces a further difficult time financially, we have seen massive shareholder value lost, perhaps forever.

The only way we are going to stand a chance to get our money back is through successful exploration drilling

When optimism on this board was higher, people here wanted GRH to post a prediction of what he thought would be the outcome of TE-10. His refusal to respond to that request was the final validaition that several people on the board had in order to prove to that the technology was of no help here.

As some know, I spent a lot of time investigating references to the technology he had mentioned and nothing I found told me it was anything other than accurate.

I am of the opinion that it is close to 100% accurate and that Sound chose not to use it for reasons of professional ego with disastrous results for us

I have noticed that GRH posted again here a few days ago and he is now posting on the PRD board where he is apparently a sizeable shareholder

He, in one of his posts on the PRD board, refers to a post he made on III, which was copied and pasted to the GKP ADV*N board on the 20th December 2011. I did ask him to copy and paste the content of that post on to the PRD board, but I heard no more. In the event this was not needed as after a bit of searching I managed to find it.

In summary;

It related to a giant oil discovery on Iraq/Kurdistan

I have now read that post several times and even though it is now some years old, there are several important points that jump out from it;

i) That post predicted in advance the outcome of several exploration well results ie on that occasion he did agree to post forward looking drilling forecasts

ii) There was technical explanation in that post

iii)Events have subsequently proven it as 100% accurate

iv) As far as I can find, nobody on any of the bulletin boards has ever done anything like that before

In the past I had posted links to PDF's that referred to the remote sensing of hydrocarbons, because;

i) I believe that the midcase value of 10 TCF recoverable gas here might be a little on the low side

ii) I am invested in SOU and wanted the best possible outcome, i.e. the discovery of as much of the 10 TCF as possible

iii) I was and am personally interested in technology in general and I enjoy researching this subject

iv) After carrying out that research, some of which I posted on here for people to read (but I suspect no one had), I am left in no doubt that hydrocarbons escaping from reservoirs will have an effect on the minerals at the surface as well as any flora present and that this can be compared with areas where hydrocarbons are not present at the surface in order to help make informed decisions on where to drill a well to maximise the chances of a discovery.



v) I wanted to generate an informed discussion on here around the topic of the use of this technology, either so that someone can prove me wrong or to help those interested that the technology is actually of benefit and that Sound should have been utilising that technology to help reduce drilling risk in exploring for more hydrocarbons.

vi) I stand by my statement that I made that all information that can be verified, and is relevant should be used to help reduce risk.

The only question that I am unable to answer is how much the use of such technology costs, but I am pretty sure that those costs are far less than what has been seen in the collapse of the share price.

For anyone who doubts me, I suggest you read the post of December 2011 as it is an eye opener



A link is here; https://uk.adv*n.com/stock-market/london/gulf-keystone-GKP/share-chat?page=5661&xref=chatnav_i_3_b

Hi GRH

I saw your post over on the SOU baord, where you have posted in the past so just thought I'd say hi here.

Are you able to put up a copy of the ADVFN post from back in December 2011?

Firstly apologise to everyone else, as I appreciate that this is the place to discuss PRD and not SOU but please can I ask you if you are prepared to comment on the Sound Licences and if so what are your thoughts abuot them? Thank you.

I note that Paul Griffiths has experience of working in Morocco as he previously worked for Fastnet which was the company that discovered the TE-5 horst which Sound are currently trying to commercialise.