Member Info for kylie75

Haha, don't worry about me, i'm not bitter nor have i been burnt here, just got this company down to a t.

Indeed Chesh, but the history of my views and opinions and how they relate to the sp direction are on this bb for all to see, well all those except a few that wobbly kneed posters cry to be removed. that correlation is high, so yes as I explained before, that is my view, but i have something objectively strong behind that view, not the case for many of the regulars here who have been posted bullish musings since 60-80p.

Haha, whatever floats your boat chesh. the facts here are pretty uncomfortable, but you'll learn that in time. good luck with your punt here, think you're gonna need it.

Sound - it's not differences of opinions, it's the majority of the time completely false and misleading posts by the usual 10-15 suspects on here. i post facts, reality, most of you live in lala land and don't like what i post as it's contrary to your completely irrational views. that's not personal, it's fact based challenge. if some on here are just to weak in character to see that and choose to see it as personal, that's not my issue, nor my fault.

KTF - observing your posts is right up there with the most painful things possible. Do you understand nothing at all? One of the preconditions for FID, other than the Managem deal and then the Bank Funding, neither of which will be concluded before Q4 in my view, is the FEED study and update. GL admitted on a recent call that process had not even been started yet. It's not simple or easy to update such a FEED and will take time. The reason it has not started is because there was no money to pay for it! Anyway, even under the most rose-tinted optimistic scenario, in my view FID is more than a year away. Ask GL to guarantee it won't be, he won't and can't because it's miles off. Honestly, the complete and utter unresearch garbage that is posted on here.

That's certainly your view Rubber, but I think it's unjustified. i'm certainly not desperate believe me, i'm not invested so i'm innocent of that! i also think the larg background sell order that's being currently worked (still), for the last 45 mins or so might have a different view to you too, but we'll see I guess.

Haha, if you think that was a positive interview ktf, you've got Stockholm Syndrome. GL (and previously JP) has been tickling your chestnuts for too long. GL said nothing on that interview that was concrete / commited etc, nothing. just vague comments with no time commitments, nothing. clearly he along with quite a few others think this is 2004 in the o&g market. it isn't, 2024 and what would drive the sp is completely different now. you clearly can't get that. anyway, you needn't worry too much your view on this company over the last 7+ years speaks for itself.....oh hang on, scrap that....

Rubber - i agree, finance/money clearly has been a barrier, but SOU has been functioning with not only two hands tied behind its back, but a leg too. the Moroccan state's actions and strategy has all of a sudden become clear. barriers have been put up, quite against the common view they want gas asap, to make it as hard for sou as possible. that's more of an issue, as time=money for sou, so stretching out the timelines has made it exponentially more difficult for sou, so I think that's been the main issue, as it impacts money/funding. i don't doubt that without some kind of a deal sou would go bust relatively soon (one way or another, i can elaborate if you wish), but you write as if nothing has changed by 2-3yrs ago here. sou is left with very little skin in the game now and no influence. the company and its shareholders are merely passengers piggybacking (for now at least) on the actions of a completely inexperienced Moroccan mining group to not only complete Phase 1, but to progress all of the necessary Phase 2 steps (FEED, funding, FID, engineering execution, new wells in existing proven field and new fully high risk/reward wells m5 and sbk1. there's little for GL and the team to do now other than take their inflated packages for now doing even less than before. i respectfully disagree.

Ok - this is the kind of genuine question/query/challenge some get called out for on here (which is complete bs btw), but Rubber - re your post about new drilling etc. Do few on here actually really understand your investment / what the company posts and says, and what they very carefully don't say? The rig which is due on site any time now (let's be honest, this is SOU, add 2-3 months) is not for new pospect drilling, it is for prepping/finalising the existing proven wells for LNG prodn. There's no upside in that drilling, only potential risk. SBK1 and M5 won't be drilled anytime soon, and not with this rig. Christ alive, no wonder so many PIs get taken to the slaughter house in aim, people are just too lazy to understand the detail of what they've invested in.

In the nicest possible way SB, you're a complete and utter moron if you really think "your negativity cost some people a 20% rise yesterday". nothing posted on this little side forum has any impact at all on the sp. speak to GL if you're peed off

Graham is a shyster, and that interview with Zak Mir, well if that’s the best spin he can manage then it’s really bad. Who are the experts, the experienced day to day and strategic o&g team in Managem who will run this operation now? They’re a mining company. More and more this looks like a simple take back of the licence from Sou to the Moroccan state. If you look at the RNS very little is upfront payment, it’s all heavily deferred and contingent. Very little guaranteed. What prevents the Moroccans from running the clock down on sou again and taking back the last 20%? Nothing. Sou have no ability now to influence or control anything, and no ability to raise funds either. Cash is king, and as I’ve been saying for ages, GL is nothing but evasive when it comes to this. Phase 1 actual full blooded meaningful levels of gas and actual cash flow back into the business, evasive. Phase 2 funding, FEED, pipeline contracts, evasive. Sidi plans and licence commitments, evasive. Far from being a lifeline, this agreement looks more and more like a terminal set of handcuffs, one that strips sou of anything that would be of even the vaguest interest to an investor. And that is why in my view the sp really didn’t move yesterday. Morocco looks like an uninvestable quite frankly corrupt place for foreign investors now. Fat from being the licence that saved Sou after the Indonesian & Badile Debacles, it looks like the concrete shoes that’ll end this company.

The enormous fundamental shift in SOU’s position in Tendrara is partly what the market doesn’t like I feel. Tendrara has been in SOU’s dna for nearly 10yrs, it’s only been about Tendrara and the associated permits since. Now Sou go to a passive muted minority beneficiary, with no operating role, no say, nothing. The company pays its costs gets its revenue (you’d hope at least, although I wouldn’t trust the Moroccans now). You have to ask what good a couple of the directors are now or indeed John Argent too. Day to day, what are all these people going to be doing? I also wonder if there aren’t a good few turns left in this story and whether sou will ever see a penny from either phase 1 or 2. No longer able to influence timelines, strategy, drilling, nothing. The Moroccans have full control. As a shareholder in Sou plc you have to wonder what on earth you’re buying into. That’s the issue now. As I said to much abuse in Friday night, this structure is very different from the CV proposal and GL has really sold off the last remaining family silver, along side the endless dilution here that sold off the rest over the last few years. There’s no need to link the presentation to the AGM in nearly 2 weeks, he’d have been better off doing it sooner, but there’s no good news there I think, hence he’s been a chicken and pushed it back. If the sp could rally today, it’s not rallying ever I’d say!

Sundance, if you write that on a day like today when you, Adam, ktf and a whole host of other inexperienced, poorly researched and arrogant posters should be realising there are others on this forum that are consistently right about the company and its management team, I’d suggest you’re the one with depression and some kind of mental disorder. You should be seeing the dots join up now, not lashing out at others I’d have thought.

As was oh so predictable, share price has gone completely limp again. seemingly not even the viagra boost from an RNS can keep it up! it was smudger i think who had the sweepstake. i know i was down as 1.2p close for the day the CV (of now Managem) deal was conluded. Strongly thinking I'll revised that down materially now. seems that as has been the way post 2017, sou can't maintain any kind of rise, even as paultry as 0.3p or more! it's certainly not 2015-2016 that's for sure. any lunatic / desperado (ktf) thinking it would hit 2-3p today needs to hang their head in shame, but of course they won't....

Haha...that's a bit rich coming from you KTF. what sort of nutter posts 3695 times on a bb despite clarly not having a clue about O&G or aim shares, and has a history there for all to see of getting it wrong at every single occasion. Clap clap. How desperate are you?

These are facts chap, I’m not desperately making stuff up like most on here. Facts.

Anyone else notice?

I’ve been saying for months, no Phase 1 has until q3 2025, and if you read various North African / Moroccan articles over the weekend, quoting Managem, you’ll see not only that they’re saying exactly that but also something very concerning about Phase 2. Look at SOU’s website and all the documentation states 100mcm pa from phase 1 and 300mcm pa from phase 2. Now Managem stating in various articles only 280mcm pa total from phase 1 and phase 2. This is 30% lower than SOU were forecasting. Along with the terrible but unfortunately necessary deal terms (holding on to 10% less of the economic value of the licence compared to the CV deal) implies this won’t be seen as positive tomorrow, at all (imho of course).

See one quote below.

Finally, anyone have any thoughts about why Simon resigned? It’s happened this way here in the past, a deal sits very badly with a director they leave and can sell out without needing to trigger an RNS.

“The field is expected to start production at 100 million cubic meters annually starting next year, Managem said in a statement.

Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.”

Smudger, it’s not personal. I just have a different view on this company. Like you implied, let’s see where this goes on Monday.

That article merely underlines who existing SHs have been fooked over here. I feel real sorry. The Moroccans have won well & truly. The world is a cruel and at times corrupt place.

The Moroccans have played a short term tactical blinder here in my view, but longer term I think they’ve been stupid. They’ve been conflicted all along, judge and jury. They’ve played a great game of squeezing sou through tax claims (did they really have any merit?), dragging out permitting and GSA adjustments and stretching timelines knowing every day made SOU weaker. Less money, fewer options, a weaker negotiating position and an easier target. As it turned out they’ve walked away with all the cream, and those that took the risk will struggle to realise 1.5p in my view, perhaps much much lower. One thing that will get trashed too on Monday should be any other highly exposed o&g explorers in Morocco. Look how they’ll be treated should they discover on gas or oil. Who in their right mind would stick around to simply be sou part2? My view is this opens 10-20% higher on Monday and in true sou style closes 20-30% lower near all time lows. Place your bets.