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That should have read "Possibly a non question but".....

Possiblyion but why is the 50m corridor being treated as a seperate entity? - I would have assumed that access would have been required for servicing etc as part of the pipeline adn as such shouldnt warrant a mention but this seems to be a separate negotiation.......
Also getting the sense that there is defintiely more at play than we are aware of but that is only a hunch.

http://northafricapost.com/36917-sound-energy-receives-approval-to-build-gas-pipeline-in-eastern-morocco.html

dated 14.01.20

If, as has ben posited we have sub 1tcf why are we still looking to lay a 20 inch gas pipeline as oposed to the 12 inch. I have forgotten the deatil but was of the understading that the 20" can carry a whole lot more gas tha a 12"?
Could we have achieved a cost saving or is there something we don't know and there is a whole lot of smoke and mirrors going on, or has a massive redundancy been factored in to the pipe specification?
Staying to the end, whatever that may be - the above query is not meant to start an arguement - purely musing out loud....

One guess where JP has gone....
Obviously O &G has benefitted enough from his largesse....
Thanks to N4A for the heads up

????

Question from Daniel

Good morning - my question is whether this deal offers best value - is the maximum return per share going to be 17p or is there potential to achieve the legacy for our families that was claimed. If there is any sort of return will this be via dividends and over what time frame? The board must admit that this offer is so opaque from the recent RNS that it might as well not hae been released as there are now more questions to be answered. I fail to see where long term holders who bought in as the SP was climbing and based on the promises made will not be left out of pocket. What we watn now is honesty, transparancy and the option to not dilute through becoming a subsidiary company.

Garry Dempster (VP Finance & Commercial)

All equity transactions by directors and associated parties are subject to RNS.

I am hoping that they can pull a rabbit out of the hat that will take us in a new, upward direction.
Comms will probably be scaled back but, if I can get back to anywhere near my ave of 44pps I wont complain.
Cant believe I am hoping to just break even compared to the promise of a couple of years ago.
A colleague commented the other day that the 'legacy for our families' is one of deficit...........
I dont want the sins of the past erased but understand that this is the new reality we have to deal with - just want the new board to maximise returns to us PI's by hook or by crook (pun intended)

Bigbench - I think it is purely Sou ersponding to previously posted questions and not 'live' as such.
Last time you had to log onto the web page and jsut watch the Q & A's tick up....
Happy to stand corrected.

Thats what I was wondering too - have previously logged on but have had no invite or details. Although they will not answer those question we want answering under the guise of "price/commercially sensitive", "firming up details", "that will have to be RNS'd", ad infinitum/nauseum and unless there is an RNS tomorrow that casts light, this chat will leave us more frustrated than ever.

Also notice that the twitter feed has gone......
I am so far down the rabbit hole that it is not worth selling at these levels - 93% down.........

SOUND ENERGY NEW CO LIMITED

Company number 11839292

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Registered office address1st Floor, 4 Pembroke Road, Sevenoaks, Kent, United Kingdom, TN13 1XR
Company statusActive
Company typePrivate limited Company Incorporated on21 February 2019

Accounts

First accounts made up to 28 February 2020
due by 21 November 2020


Confirmation statement

Next statement date 22 February 2020
due by 7 March 2020

Last statement dated 22 February 2019

Nature of business (SIC)
06100 - Extraction of crude petroleum
06200 - Extraction of natural gas

2 officers / 0 resignations

AMBA SECRETARIES LIMITED
Correspondence address400 Thames Valley Park Drive, Reading, Berkshire, United Kingdom, RG6 1PT
Role Active Secretary Appointed on21 February 2019

Registered in a European Economic Area What's this?

Placed registeredGBR
Registration number05876534

PARSONS, James
Correspondence address1st Floor, 4, Pembroke Road, Sevenoaks, Kent, United Kingdom, TN13 1XR
Role Active Director Date of birthOctober 1972 Appointed on21 February 2019
NationalityBritish Country of residenceUnited Kingdom OccupationDirector

Thanks for the clarification.

I also agree with Eric - as hard as it is emotions should be put to one side - we need cold, hard facts in order to make an informed decision. When SOU is a distant memory I, for one, would rather be secure in the knowledge that I did everything I could to ascertain the truth. Yes - JP should be held to account and made to explain the thinking behind the deal - as of yet no-one knows the details, but a witch hunt purely to see someone toppled may distract from the real purpose - mob mentality calling for his head/forcing a board change at the expense of information/continuity should be avoided, if at all possible.

Trellis

Thinking ahead - if this goes as far as an EGM/face to face would you need to issue a consent form that each person gives permission for one representative (your goodself?) to speak on our/their behalf - just thinking that this will be required in order for bona fide signatories to be checked agains the share register?

I am of the opinion that we should way for the details to be firmed up and released to us - SOU surely (legally?) have to give us enough time to analyse the deal and, whislt I agree that the RNS was lacking in detail, maybe they had to release it.
I think Trellis' group email is worthy of consideration - I just think that until we recieve the full facts our arguement is too broad and there are too many unknowns which cannot be announced, either because of legal restrictions or certain details are still being thrashed out, which will then reduce the responses to 'wait and see' & 'in due course', etc which will only rile PI's up more.
Maybe a strongly worded email to management alerting them to the fact the there is now a collective who are keen to engage in a Q & A with the chairman at a suitable point in the process?

So this NewCo gets roughly 25% of any profit from Tendrara but has absolutely no input ito the rest of our holdings?
They will not hold any shares in SOU?
Essentially they are offering liquidity?

So is this new unlisted company buying Tendrara or SOU?
It reads as if they have purchased 51% of SOU shares, not 51% of Tendrara.
If the former then control of the company goes to an unknown entity, if the latter,how do you value 51% of a licence?
Could this company delist and, if so, what does this mean to us?
If TE11 is commercially viable, how will we benefit?

Sounds

I too have an average of 43p and have emailed JP with my take on todays news.....
I do not expect an answer but stranger things have happened.

Morning all

- signing of confidentiality agreements

Would this go both ways ? If so it could explain the radio silence.......

NUOG are going to have circa 2.5 billion shares in play so dot think they could suffer much more dilution......

And who are they "guiding externally" to? Not us as we have to keep questioning.........

Jez - the reply was posted unaltered.....
Ref C4 have a look at Companies House and the flurry of filing action last week - seems as if somthing is stirring..........