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Yep got that wrong. I did check the timing months ago, but for reasons of senility ;) got it in my head it would be end of this month.

Still good to have an RNS today . Trading on the US markets should improve liquidity and help stop the SP drifting lower during periods of low volume trading. Hopefully they follow up.the mention of the imminent Gwinville drilling campaign with confirmation that it has started in the next few weeks.

Wish they would hurry up with the news Tom.

At least we know Q3 results are due by month end. An update on drilling also due.

https://www.proactiveinvestors.co.uk/companies/news/995105/copl-to-up-production-in-wyoming-after-flaring-approval-995105.html

According to yahoo finance not single share has been bought or sold on xop since the verdict was announced. Surely cant be true!

Hi Viable,

Thanks for highlighting this latest update from 8C.

The standout for me is Fig 3 in the document which projects a tripling of production in the coming 12-14 months as a result of the drilling program to start by end of this month.

Transformational.

So we now have the following target prices from brokers;

Eight Capital £2.00
Auctus £2.70
Haywood £1.60

All well researched but with varying degrees of conservatism built in. Lots of near term catalysts.

A third broker initiates coverage and sets a target price 3x current SP.

https://drive.google.com/file/d/1B52RQSuzpLejyE842_O6bDLk32yD5Pb3/view?usp=drivesdk

Nice director purchase to kick start what should be a run of positive news in the coming weeks.

A reminder,

https://www.proactiveinvestors.co.uk/companies/news/990772/southern-energy-corp-reports-3-6-million-of-adjusted-funds-flow-from-operations-in-q2-2022-an-increase-of-490-from-the-same-period-in-2021-990772.html

Always intruiged when ex-shareholders who have previously been silent, start bad-mouthing a company they no longer have a financial interest in.

Strange behaviour, but I suppose in a period when the SP has been adversely impacted by low volume sales it is worth noting their belated commentary.

It is also worth noting that low volume trading suggests the UK placees, who have been free to sell since the placing, dont appear to be in a hurry to do so. Perhaps Babe and Hebridean have not got their message through to them yet.

Not at all Babe. I'm simply someone that is invested and that believes the growth plan laid out by the company, and that starts next month, will see SOUC's share price more than recover the pre-placement highs.

You on the other hand don't seem interested in that plan, or the global LNG market or the increased revenues that will be announced end Oct.

No your take is that the company cannot be doing well but you are unable or unwilling to offer justification of that sweeping statement other than to point at the current SP.

I'm wondering if the recent dramatic drop on low volume sales might indicate a concerted effort to short the share price? Now I wonder if any newcomers to the thread, one of whom claims to have sold-off their holding could shed any light on that possibility?

Average volumes ...not average bonuses???

Precisely Tom. It is a matter of the record that drillingbrigs have not been available until Oct and SOUC were up front about this when announcing the pending (contracted) drilling campaign. Similarly it is a matter of the record that Q3(July-Aug) results are normally published end Oct. That can be checked on the financial results section of the SOUC website. The Freeport story is also well documented particularly the timing of the restart. The increase in gas flows from Gwinville can be seen on the Mississippi Gas & Oil site. These are all facts and not inventions as some are implying.

Patience will be a virtue here. In fact the SP was trending back towards pre-placement levels before panic set in amongst a handful of sellers. I doubt there has been more than a couple of days trading where average bonuses have been exceeded in several weeks.

Well if you bothered to read the thread you would be aware that rigs Re contracted to start drilling new wells. Gas prices are way higher than 12 months ago and SOUC are getting a premium on HH prices. There is a global shortage of NG. The issue at freeport is common knowledge. So yes there is concrete evidence of everything I have said. You may even notice that I warned of a lull in news leading up to next month several weeks ago.

The share price being down is not an indicatorthat the company is doing badly it merely reflects the recent low volume trading as I have previously indicated.

Maybe you should DYOR starting with a careful reading of recent RNS messages.

Your evidence the company iis doing badly being what exactly? Presumably you are aware of something concrete?

Another significant drop in SP but entirely driven by small volume sales from retail investors both sides of the pond. This has driven price down 15% this week.

I can see profit taking will have motivated some of the recent small sales however the fundamentals have not changed here and we are only weeks away from a tranche of good news. The current SP is ridiculous, doesn't reflect true value and will reverse very soon.

-Drilling to start on new wells in a matter of weeks
-3Q results (reflecting both high gas pricing and higher flows from Gwinville) by end next month)
- Restart of lost LNG capacity (Freeport)
-Onset of winter in Europe to drive LNG pricing still higher.

A bargain at current pricing and am increasing holding att these prices.

Hi Tom,

The recent drift lower has been on low volumes withh MM's knocking the price down on liquidity. Always amuses that they see low liquidity as a negative instead of viewing it as holders unwilling to sell but there you go.

Too many positives in the pipeline for this to stay where it is much longer. A couple of step changes coming hopefully.

Low volumes so can but assume that is why they are knocking 1.5,% off the SP. Bought value more than double sold value this morning.

Knocking the price down by >2% on very thin trading by retail investors possibly taking profits because the price rise has temporarily stalled. Outlook here remains very strong. Transco trading at higher than Henry Hub and was still >$9 yesterday. Souc getting a healthy premium on that Transco price.

Don't expect much of consequence to happen until Oct when we should get new drilling commencement to be followed by Freeport capacity back Oct/Nov. See this close to £1 by year end.

Will increase the demand for alternative sources of natural gas, but that will particularly apply to sources near liquefaction facilities. Should provide a driver for London to close the 5% gap with Canada today.

There should be a nice Xmas present in the making for Souc shareholders. So many positives to look forward to with a new drilling campaign just weeks away followed by winter gas prices and reopening of Freeport. Expect the £1 per share level to be tested if not broken. Sept likely to be the lull before the storm.

GLA & DYOR