Just some highly significant words used in the interview that competent threw me of my chair...never have I heard a CEO such hugh hints pre-rns! “Hugh column” “layers of oil” “we’re seeing a lot of oil” “103 already exceeded expectations” “likely to substantiate and enhance (103 results)” “confirmation in 2 out of 3 unexpected layers”.
This is an absolute no brainer, we are given the biggest hint ever directly from the horses mouth! He knows it’s in the bag and has exceeded all expectations, but for regulatory reasons can’t say until everything fully completed and verified and rns’d. Can’t believe market for so slow to catch on...maybe many haven’t yet heard it gla
That’s a bit far fetched, but just in the short term we have Mengo that has already come in a lot bigger than expected and is even better than the geological model.Then if Djeno also comes in bigger than predicted and say over 5000bopd - then this share should be at least be in the pounds in my view..!
Pretty sure MMs will mark this up tomorrow AM, those who held should already be in the money. This should have rocketed based on the Interview.....may even see an rns tomrrow morning on prelim findings. One thing is sure, this has now left the station..gla!
For discoveries o would forget the charts, it will be off the charts if we have commercial quatities. This will be sentiment and news driven in the future..
Also people should also acknowledge JP is no mug, well respected and has a thick Skin in this field. He’s already told us this is a discovery, and that we’ll be testing the scale of this discovery and commercial flow rates...good enough for me.
James Parsons, Chief Executive Officer of Sound Energy, commented:
"These positive initial results underscore our confidence in the exploration potential across the broader basin. We will now finalise the logging, drill to TD and then test the well to better understand the scale of the discovery and seek to confirm commercial flow rates."
If you invest you need to have trust in the bod lol! See it so many times a delay in follow up rns, and derampers and alike start to seed doubts in mind of holders to cause panic!
MMs will have to let this go soon, they are extremely low on stock, playing with trades, delaying whole lot on already a low free float stock...it looks like one to hold your nerve for gold?