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I feel like offering something different. I, like the rest of you are thoroughly pissed off with the recent dusters but it has occured to me that things perhaps, are not quite as bad as they seem.
Firstly, TE-5 TE-6 TE-7 all hits. Then we have Badile. This was in a completely different region, and was in the works long before Brian joined the team.
TE-8. This was a yolo well. Quite honestly, they were just high on their success, had drilled three successful Moroccan wells and thought "fuck it" let's just whack a well 12km step out well in the middle of the license and hope for the best. If we get it right, we're all rich. No seismic what's so ever.
TE-9. This is actually the first duster out of the previous 3 that is actually of materiel concern. They interpreted the seismic incorrectly. The fact that it failed on the back of two other dusters has ruined sentiment.
But what if I were to say, ignore Badile (wrong country, decided on years ago) Ignore TE-8 (Total yolo well from some people who had wallets bigger than perhaps, their brains.)
So that leaves TE-9, the only true failure in relation to the likelihood of success in Morocco, if you ask me.
Let's see what they learnt, if anything, and what the next two TE-10 and TE-11 can bring.
is absolutely brutal. Price of oil crashing, uncertainty over Brexit causing banking to drop. Tech sector in the US is taking a shit. Where does the bleeding stop? On top of all that, sound decide to completely mess up their drill. I'm actually rather young compared to the average age of this board, but I'm going to have grey hair before week's end.
Time to uninstall stocks app, and block yahoo.
these fucking Americans are dragging oil down. EVERY day the moment NY opens they crash the price. Europe keeps it stable and US brings it down. Without fail.
Markets down everywhere on very little ACTUAL reason. Earnings are strong but sentiment is pathetic. I'm down more than I even want to imagine.
The whole market right now is enough to sap the energy out of a entire star system. Sad thing is, we're not even in a recession. I'm just investing in Oil and Banks, both of which are suffering from Brexit and price of oil.
This along with sound is rather brutal.
this is insane.
It's 63% and can be found here
https://www.soundenergyplc.com/media/1584/se-ip-q4-oct18-v4.pdf
You're welcome Crude! It does rather sum up how I'm feeling.
GSA originally was H1 according to the latest investor presentation. I know that's been pushed back, so december really is the final straw for investors. No sale agreement by December and we honestly have no value beyond what someone is willing to pay for us.
No one is selling. The share price has seen to that. I think anger is a natural reaction. I actually respect the board for the most part. BM seems credible but I have to admin, I always had this feeling I couldn't shake at the back of my mine that JP remind me of a London market salesman.
https://www.youtube.com/watch?v=wz-PtEJEaqY
Is this how they chose their drill locations