Member Info for MajorThomas1

Dying? Looking at their history things have been touch and go over the last few years. However looks like they are at a turning point and ive got to say well done for getting to the current position. Sesimic complete. Leads identified. Interested parties for farm out / JV. Drilling this year with little or NO dilution. There’s always risk but the upside from farm out / JV and drilling is phenomenal.

I bought in myself yesterday and the day before. Thought about giving it to charity but decided that Charity begins at home and put it in here. Not much at the moment but will be building over then next few weeks. Hopefully some of the interested partners are as bullish as ROSE on the data they have and we can get a good farm out / JV deal. As you say with the right deal and such a small MCAP this could multibag in a very short period. There’s always risk but the potential upside here is massive.

The company seem bullish about the data they have. Hopefully if we have more than one interested patner we can get a farm out / JV deal that allows us to progress the project without any dilution. I reckon this company is at a crossroads now with massive upside potential ahead. GLA

Didn't the last RNS say that the data room opening soon, there is strong intereset to partner i.e. farm out likely and limited or NO dilution expected. With mean unrisked recoverables of 1.1 billion barrels oil and 2.2 TCF gas from the Paradox Acreage Project any farm out which progresses the project would, surely, be company changing news. IMO With the MCAP at 27m the right farm out deal and this will fly. Am I missing something here.

Yeah, every technical indicator says this is moving into an upward trend and is a screaming buy. Fundamentals have always been good and IMO this looks like a good time to get onboard. DYOR but I’m in.

Yes and seems to have broken out of the recent downtrend. Bought back in recently, hoping that this can push on to and beyond last residence level around 22p.

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Whilst the loss, if they choose to exit at this point, would be chicken feed to Dellek, IMO there is no way Delek would exit at a loss. There simply is no need for them to accept such a loss. They know that they could just wait it out for the production increases or oil price recovery to enable their exit without the loss. I doubt Delek are in the game of buying high and selling low. The very fact that Delek were recently adding to their holding, Delek added 7.3m shares on the 15th of June at around 87.5p, tells me that these high volumes of shares traded over the last week or so is not Delek exiting. I personally believe that Delek will more than likely be adding to their holding. This leaves the question, who is selling? IMO it can only be DANA. They are the only other party with a substantial enough holding and may well be willing to accept the reduced price with the Capex drains of their ongoing Western Isles project. Time will tell. The TR1's will let us know.

Some reasonable after hours trades reported. This is a no brainer at this price and starting to look promising for a build from here. How far can this go before Delek pounce, no one knows?

Testpack, we all know the issues with SOME Latin American countries. However the Sound / Greenberry team have a proven record of finding stable countries with a developing hydrocarbon requirement and fiscal terms to match. I have every faith that they will do this again with Echo. At the end of the day, there is no other company on AIM with such a clearly marked out future or a stronger management team. I, like you, am invested in Sound, have profited from that investment and fully expect to profit from my investment in Echo. Sound 2 starts tomorrow. Better get your tickets soon. The price should dip on the OO but look back in 12-18 months time and you will be kicking yourself that you did not get involved sooner.