Member Info for Maldini1

You’ll recognise any new investors by their talk of multi-bagging from the current share price. The only bagging that long term investors talk about are the ones where they’ve been kicked and the ones under their eyes.

Never pays to bear too much of your soul on these BBS Indeep. It’s a macho world out there with individuals always ready to jump on any signs of distress or perceived weakness. You don’t know them from Adam, or their motives...and they don’t know you. Probably wisest not to share too many details but to keep acting on your own discretion and terms. You won’t get things right all the time, but neither will they in spite of the rhetoric.

We should at least be able to agree on a couple of general points from the “is it, isn’t it” ping pong of facts and anicdotes. The minimum expected connected volume at TE6/7 is up from 40 to 115 Bcf so there’s a good chance that less wells will be necessary....but it’s not guaranteed. The initial duration period of the final GSA is expected to be a minimum of 10 years from signature... but it could be longer. Of course it’s possible that neither of these things will come to pass in practice and we may end up with more or less, depending on what new information comes to light once production is in full swing. Hence finding the right balance of risk vs opportunity for both buyer and seller in the HOT is key.

It’s just good governance Trellis. A new chairman, a decent deal and a guaranteed income stream thereafter. The share price will then look after itself.

I’m not interested in any of that stuff Buggs. Just some sensible and proactive business decisions from here on in will do for me.

I hope that SOU take notice Trellis. It’s an obvious and necessary business decision.

Crude, what we need is an independent chairman untainted by any connection to SOU or JP. Someone keen to demonstrate that he/she would walk through a brick wall to protect investors’ interests. That would be the quickest route to kickstarting the process of rebuilding trust. The choice of new chairman will be a litmus test of how serious the company is to turn the corner.

https://www.moroccoworldnews.com/2019/11/286173/moroccos-natural-gas-production/amp/

Someone should have warned ONEE that the MOU they signed last month isn’t worth the paper it’s written on. And it’s probably also worth warning OHNYM that there’s no point in including the Horst in any budgetary calculations of future gas production. Very careless of the Moroccan government to allow newspapers to report such nonsense when they can’t be sure that any of it will come to fruition. Or well, back to the waiting.

Better to wait to see how many buckets of gas they find before they plan for contingencies then?

That’s why there is an urgent need to also find additional hydrocarbons. Morocco’s aim is to have circa 50% renewable energy sources by 2030, which means still a huge dependancy on gas. They either import LNG and more Algerian gas, or they provide every conceivable support to find more gas in Morocco.

A snippet from the Morocco Gazzette: it touches on the proactive moves being made by both Tunisia and Morocco to boost indigenous gas supplies.

http://marocgazette.com/story-z3499770

Another correction I’m afraid. I’m sure you meant to say a little less pendant, not more pedantic ....it doesn’t work, just like your poor attempts to spook vulnerable investors.

Doing fine thanks. Pendant? most probably, but avoiding posting drivel helps. By the way unless you intend selling out anytime soon then whether it’s 3p, 2p or 1p is irrelevant. So I think I’ll survive and I don’t need a lessons from the likes of you and anybody else in your tag team.

“People fail to forget”???? Or it that “fail to remember”???? Just one of the select and discerning posts this morning. Must get paid time and a half on a Sunday.

Gregory the situation is not irretrievable.There’s so much more that SOU can do without compromising any rules. The installation of a fresh and non-controversial chairman would be my number priority. At the moment they’re showing how not to do PR well and a half decent story is being lost in the noise. Amongst other things, good leadership is about giving clear direction and providing a vision of what the future holds. But it’s also about instilling confidence by addressing concerns with courage and empathy and for me this is the bit that’s currently missing. You can’t deal with dissent by ignoring it, because it will fester and create unnecessary issues. A factual upbeat Christmas address from a newly installed chairman would be a good start.

Just looked into the BB. Blow me what a firestorm. With all the positivity displayed today no doubt sentiment for this stock will soon be on the up. When you’re all done with the feeding frenzy and froth, you might want to reflect that we still have gas in the ground, a deal on the table and the prospect of recovering value still in the offing. I sincerely hope for all investors’ sakes that any actions triggered by the Pi group don’t have any unintended consequences which end up adversely affecting our remaining prospects. And before anyone snipes back, don’t ask me what those unintended consequences might be, because by their very nature they are unintended and therefore not predictable.

A deal for the GSA, Tendrara and Sidi can’t come quick enough.

Nope you’re not.

Do you what it to wind up?

Maestros, I hope whatever you decide to do works out.

Decision points will of course be different for every individual. With a bit of good fortune and a fair wind, between now and February the market may start to agree that the value of this business is materially north of where it currently sits, in which case some investors may choose to sell out at that point. For anyone staying put, they might be a token dividend payment per share paid when a deal is struck. However, thereafter investors will either have to wait for new discoveries in order to add further value or for gas production to start, which should be around the end of 2021. Decisions, decisions.

Maestros, unfortunately civility often seems to take a back seat on social media but I’d like to think that many of the same voices would be quite civil face to face.
There’s a £1b of gas at the Horst with our name on it. Someone has made us an offer to buy part of it and take us to first gas. There’s a fair chance of a proper drilling campaign with our partners paying a good chunk of the costs. Not the LE that we had hoped for, but a deal to recover some lost value is still on the cards and we may yet receive an improved offer. I’ll be hanging around to see how this pans out.