Member Info for partridge

Sound is not marketing the Eastern Morocco portfolio. Sound is exploring marketing the Eastern Morocco portfolio.

In the recent FSC it was stated that the drilling of Te11 couldn't happen while the exploration of the marketing of the Eastern Morocco portfolio was taking place. The reason given being that nobody would buy the assets whilst work that would change the value of the assets was ongoing. Does this mean that any further progress on finalising the GSA, or the Sidi Moktar farm out or the closing in on the FID would also cease?

Read my post. There is a certain amount of ambiguity contained within. I do not think for one second anyone owns more than 3% of the company or that Sound have been tardy. You must try not to focus on the black or white but let a little grey into your life. I think you need a big hug and a cuddle. Love and kisses from me.

Rules before common sense. If you sell someone 3%, then sell them another 2%, then wonder who you've just sold 5% to.

Lovely gesture indeed, except Sound have been tardy with the RNS stating someone has a 5% share of the company (TR-1).

Eastern Morocco portfolio has an area of 23,442 sq. km. and Sound has a 47.5% share.
Sidi Moktar has an area of 4,711sq. km. and Sound has a 75% share.
Allowing for the respective percentages the former is about 3.1 times bigger than the latter to Sound. Sidi Moktar is set against the €28.8 million debt of Sound, rounded to £25 million. Therefore the Eastern Morocco area can be attributed a value of £75 million or 7.5p / share. Add this to the value of the Te5 horst and a 30.5p value can be achieved. This doesn't take into account the 20tcf basin model (~4tcf to Sound) or the 5 or so RTD targets or the seismic or the paleozoic. The paleozoic potential alone might be attractive to a potential buyer. So much on offer. Exciting times even though the share price doesn't reflect them.

informs me there will be a RNS tomorrow.

https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=SOU&Size=620&Skin=BlueWhite&Type=2&Scale=0&Span=YEAR10&MA=&OVER=&IND=&COMP=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

It strikes me Mr Crudehope that it the much maligned Jerry Orbell had been left in charge there may be a lot less disgruntled Sound shareholders in the world and just as much oil and gas.

I understand that. But I was wondering if tampering with the lease ownership by bringing in a new partner would affect the agreement with bondholders who hold the debt.

Here's a question. If the company debt of €28.8 million is secured against Sidi Moktar will that inhibit the ability of the company doing a farm out deal? That is will any deal on the area cause a breach of covenant with bondholders? Anyone know?

Brian gets paid £1,000 / day. He has not lost money in the last few weeks. Just respect.

Knowing the risk of investing in an oil and gas exploration company is hardly in doubt, though it is sometimes forgotten and sometimes masked over. But there is no risk in Mr Parsons being able to sell the Eastern Morocco portfolio, where a significant asset has been uncovered at Te5. Mr Parsons is a born deal maker, the person you turn to in order to get the ball over the line. He will not shirk the task ahead. Selling the Eastern Morocco portfolio is the only game in town. A trying else is abject failure. Exciting times.

Mr Jordan, always love your insight. Perhaps one of the more intelligent posters. I agree I might have well read the tea leaves. But where does that leave your research before investing in Sound? You could do with some hot water for those tea leaves.

I'm not allowed to post my charts now because of Mr PS. I would like to say though it is a similar situation as the basin model for Tendrara. Although I have had (well) failures the prediction for for the share price is still intact. Exciting times.

The Progressive report on the Sound website states that Sidi Moktar is " subject of a further update". Did that ever see the light of day?

Mr Parsons is probably telling him now that it will 2 bag from here. I wonder if Brian is continually peppering him with emails and texts. Probably with JJ in the background telling him to ask about the 1tcf/ £1.50 to Sound valuation and giggling as Brian gets back on the phone

As a counter argument it could be asked how many companies, with little funds, tried to sell their assets and failled. Then slid into obivion. I suspect there are many. Sound is on a knife edge. Exciting times. You've got to be in it to win it.

https://www.bing.com/videos/search?q=sound+energy+video&&view=detail&mid=20EAF161B5769005A00720EAF161B5769005A007&&FORM=VRDGAR

Some nice turns of phrase.

to professor Brian Cox. Told him he does not have to go to outer space to see a dying star. There's one here. Got to be in it to win it.