Member Info for Maldini1

Fair point Longwait. Can’t argue with your general sentiment, I think we’re pretty much on the same page.

There must be something quite unique about SOU. Why else would past or non investors feel compelled to post on this BB at a time when the company is apparently on its knees and run by ne’er-do-wells? For those lucky few who decided to get out when they saw the writing on the wall.... hoorah and well done. For non investors who are convinced of a gloomy end to this saga but remain interested in its fortunes....you must know something that others don’t. For the rest of us mere mortals without a crystal ball to fall back on, I guess we’re still here either because we retain some confidence of a decent outcome/profit or are hopeful of at least recouping some paper losses (most probably a mixture of both). Soon enough we will all know our fate, at which point the winners, losers, faux sympathisers and gloaters will no doubt be back on the BB for the post match analysis. However the interest from people who are not invested in SOU is validation that the market sees value in SOU and I trust that when the time comes this interest will translate into a very positive LE for all current Pis.

Jack, I think the inference from our friend being that the gas from TE5 is heading to the Morrocan government at a significant discount to the market price.... only it isn’t.

Trellis, thanks for the concern, but I’m fairly certain that I didn’t set any expectation on any size of egg, nor tried to anticipate anybody else’s expectations either. But an egg will land eventually and then we can all see what size it was, from which bird it came and whether the yoke was on us all along or not. Be sure to pick an appropriate wine to go with the quail eggs.

Very perceptive Woodrow... or just fanciful thinking on both our parts?

I’m staying put Owli. I can’t answer for people who choose to sell now. It’s a personal decision for every individual but my confidence in the facts already locked-in outweigh the sizeable uncertainly created by the day to day share price and some people’s intentional attempts to further destabilise Pis. I’ll know whether I’m right or wrong only when SOU finally lays an egg.

And there’s every prospect that an appraisal well or two could prove up TE10. We simply run out of time and planned expense. I mentioned yesterday that it’s not beyond reason that a prospective buyer may want to revisit TE10 to understand the potential for getting a commercial flow from it before committing to a purchase.

Hmmmmm............

Jack, choice on cash payment vs contingency (or a mixture) is something that I’ve advocated since the sale sign went up so that people can get out or stick depending on how they saw the situation. However, this may be impractical or simply unacceptable to one or more parties involved. As an alternative, what might be helpful is if the successful buyer were a major and any upfront or future payments were made in their shares. This would give investors the opportunity to hold or sell some or sell all of their new holding in a grade one listed business at a time of their choosing. Shell would do nicely thank you.

Might be wrong, but didn’t someone on the BB sometime back call this DOC bloke and his mates out in connection with that short lived pump and dump episode involving SOU shares? And why pick on SOU in the third week in August when there hasn’t been any substantive news for over two months? Who can you believe at the moment?

If, and only if, TE11 raises its head as a possibility then I trust that it only gets drilled as part of a farm out with a major rather than go it alone. Might it also be possible that current discussions have included further consideration of TE10? I don’t believe that SOU has thrown in the towel on this one yet and it wouldn’t be much more than pin money for a major to drill an appraisal well or two before finalising a sale price. Well why not, there’s been plenty of time to have done this on the quiet between May and now. Hence total comms shutdown? Left field I know, but what the heck...

8% rise this morning. If we carry on with this sort of compounded rise for the next 30 trading days we’ll be up to 80p. If that then coincides with a bid close to the then share price I would be happy to take any sort of premium. I’m feeling optimistic for a Monday morning. There you go, I’ve set my stall out for a successful LE.

We’re not short on assessments on why the LE price should be x, y or z. Intriguingly some posters predicted the current level of share price months ago and were berated for it. Does that mean that Pis have some influence over the share price or could it be that those individuals were working in tandem with iis or MMs in some way or other to walk the price down to current levels? If none of these possibilities apply then is the current share price a factor of the underlying value of the business? Well, if you measure it by the amount of gas in the bag then no, it can’t be. If that’s not it then is it down to potential suiters who will try to squeeze the buy price down to the current market value so that it fits nicely into the symmetry of how these things work? Good luck to anyone who can make sense of it all. My only hope is that the hermetically sealed environment in which current discussions are taking place is secure enough to ensure that the current price is not a reflection of any leak and therefore why we find ourselves at 7 something pence.

Thanks Baj, I was beginning to question my sanity.... probably still do actually, as a SOU investor.

It may be old age and failing memory or maybe just wishful thinking, but does anyone else have a vague recollection of someone posting an article on the BB earlier this year (Feb/March maybe) about rumour/speculation in the city that SOU was about to be sold for something less than a £1 a share. I certainly thought nothing more of it at the time as we were still awaiting the results from the TE10 testing and hopes were still high. However, could it be that there might have been something in this? By March SOU would have probably had an inkling that TE10 might not flow as expected and if a bid had been received around this time could that have been the catalyst for the BOD deciding to market the business? I know that we didn’t get to hear about it until late May, but I maintain that it was not a decision taken overnight but one that had been prepared for airing in the event that TE10 didn’t flow as hoped. I know I know... idle hands makes the devil’s work but it’s just something that’s sitting at the back of my mind. It would be great if anyone could actually find that article?

Shaun, there doesn’t seem to be much point in providing any defence of the underlying value of SOU at the moment. Some people seem intent on picking an argument with any suggestion that there might be parties who see more value in the business than the current share price. I guess that the gas flow measured at TE6 and TE7 must therefore be due to a desert mirage brought on by hallucination and wistful thoughts. Doesn’t really matter in the end. If you, like me, see significantly more value in the shares than the current price, then the LE will either validate our position or prove us wrong. In any event I’m hanging in to find out.

Luckily (or maybe not depending on your perspective) people looking at the data in the data room won’t be reliant on the pseudo experts on the BB to determine whether it’s worth splashing out on SOU. Hopefully they’ll like what they see and we’ll get to walk away more contented that we currently feel... which won’t be too difficult for many.

Daveyboy, it feels strange that some investors go out of their way to build a case against the very investment in which they’ve supposedly ploughed their hard earned cash. Maybe some do it to let off steam, or for altruist reasons because they don’t want others to suffer the same fate.. or could it be that it actually suits their purpose for other reasons? Not always easy to identify people’s intentions on here but I suspect there are a good few in the latter camp and most successful they’ve been too lately in destabilising edgy investors.

Sorry, out of all ideas. I’ll leave it to others with a greater imagination than me.

Here’s a challenge for today then.... can anyone come up with anything SOU related that hasn’t already been said ad nauseam for god knows how long? The prize...the external gratitude of many PIs for rescuing the BB from perpetual Groundhog Day..... Only kidding folks, I know it’s a tough wait, but honestly changing the record from time to time could result in a lighter mood.