Member Info for luckyman2

great news at last.

i thought he said on vox market interview that drilling had already started.

On the partners to approve TE-9 drill location. Remember Schlumberger chose the TE-8 drill location. And we all know how that turned out.

Wish they would hurry up. How long does it take for the partners to make a decision to accept TE-9 drill location?

taken from RNS All on track Update on current operations: ·    Permitting and civil works for the Snow Leopard well are now complete. Sinopec, the rig operator, has commenced mobilisation of the rig to site and the Company expects to spud the well in July 2018 ·    The Company continues to make progress in its tendering process for a rig to drill the Block XX wells and will update the market shortly ·    Following completion of the 3D seismic programme at the end of last year, the Company continued with its farm-out process, which commenced in 2017. This process has generated interest and a number of companies remain engaged, however there is no certainty that a deal will be completed. A further update will be provided as appropriate Mike Buck, CEO of Petro Matad, commented:

That would help the SP..

Maybe he is thinking of doing another fund raise so that we can drill 8 wells sometime in the future .

Yes JJ puts his value of £1.50 per tcf net to sound based on $8 GSA

Taken from last RNS Update on current operations: ·    Permitting and civil works for the Snow Leopard well are now complete. Sinopec, the rig operator, has commenced mobilisation of the rig to site and the Company expects to spud the well in July 2018 ·    The Company continues to make progress in its tendering process for a rig to drill the Block XX wells and will update the market shortly Ready for July drill. ·    Following completion of the 3D seismic programme at the end of last year, the Company continued with its farm-out process, which commenced in 2017. This process has generated interest and a number of companies remain engaged, however there is no certainty that a deal will be completed. A further update will be provided as appropriate

Thats good for us as our gas sales price is suppose to be tied to the oil price.

At least we dont have to worry about fund raising again unless we hit it big time and want to develop ourselves. 6 Drills fully funded . 6 rolls of the dice However in my opinion if we hit it big then we will be bought out,

usual 2% till next RNS.

Taken from yesterdays RNS Update on current operations: Permitting and civil works for the Snow Leopard well are now complete. Sinopec, the rig operator, has commenced mobilisation of the rig to site and the Company expects to spud the well in July 2018

Monday is my favourite day for an RNS

British company to start commercializing Moroccan gas Source: Xinhua 2018-06-10 05:57:37 RABAT, June 9 (Xinhua) -- The British company Sound Energy has announced that it is planning to commercialize the gas it discovered in eastern Morocco, local media reported on Saturday. The Moroccan daily Hespress.com said that Sound Energy signed a "heads of terms" with a consortium comprising Enagas, Elecnor and Fomento to set up all the required infrastructure, including a gas pipeline, to commercialize the company's gas discovery. The consortium will finalize plans to secure access to development capital of some 184 million U.S. dollars that will be required to fund the projects, the same source pointed out. Once on-stream, Sound Energy said it expects the eastern Moroccan gas discovery to produce 60 million standard cubic feet per day of natural gas, it noted. This is the first significant indigenous gas production in Morocco.

As is often said. Follow the money

An RNS every day was a breath of fresh air for us. Now how about a few more next week. We are due the GSA , TE-9 drill location, rig move and CPR result from 2nd seismic and a few more bits of news.imo Looking good for our LQ event within the next 12 months

exploration Thats even better then Which ever way you look at it we are in the money.

remember the first 10 years of production is tax free as well

Before we do the numbers we have to start drilling first. Still waiting for news to say drill pad complete and rig is on the move