Member Info for partridge

Remember the top of the Tagi is 1899m. The Tagi extends for 110m with gas shows throughout. The gross interval in today's RNS extends for 158m from 1932m to 2090m. There is another 33m above 1932m in the structural enclosure with gas shows throughout.

Sorry. Total depth should be 2218m.

1899m - top of Tagi ( top of enclosure).
1943m - spill point ( separation of trap and enclosure).
2030m - base of continuous elevated gas.
2070m - lowest gas show.
2018m - total depth.

Today :

1932 - 1938m : gas to surface achieved, in primary zone, just above spill point.
158m. : gross interval for test.
1932-2090m : depth of measures gross interval. The gross interval starts 11m above the spill point and 33m below the top of the structural enclosure. The gross interval ends 20m below the lowest gas show and 60m below the base of continuous gas show.

there are no problems with porosity and permeability. I guess if there is flow prior to stimulation then post stimulation there will be flow as well. The coiled tubing has arrived so no problem there. Everything coming up roses. I think there is a little showboating going on. Exciting times.

Obviously the figures for Te10 in the list are incorrect. From Sound Energy RNS information we know.they are targeting approximately 1.4 tcf. The important point is that this figure ( represents 250 million barrels of oil equivalent ) would place Te10 in the top six of a world class list. The Sound Energy story is still compelling.

https://www.spe.org/en/jpt/jpt-article-detail/?art=5330

http://www.vallourec.com/EN/group/MEDIA/News/Pages/cleanwell-morocco.aspx

Next well scheduled Q2 2019.

I presume your numbers are correct. There will not be a 20th. I will not post the chart again. You win. I did not intend to cause you angst and perturbation. Why a person of your obvious intelligence has not filtered my posts long ago I do not know. A kindness perhaps. Hugs and kisses.

Same content but with graph:

https://oilprice.com/Energy/Crude-Oil/Oil-Gas-Discoveries-On-The-Rise-As-Oil-Majors-Dive-In.html

Old article but it mentions Te10. Cannot remember if posted previously.

https://www.spe.org/en/jpt/jpt-article-detail/?art=5330

The share price has moved up through the 2 week and 5 week moving averages. The 10 week moving average, which represents the long term downward trendline, now sits at 21p. It looks inevitable that it is going to be broken in the next few weeks. A target of 41p is indicated.

https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=SOU&Size=620&Skin=BlueWhite&Type=2&Scale=0&Span=YEAR1&MA=200;25;50;9;&OVER=&IND=VOLMA;&COMP=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

The share price has moved away from the lower Bollinger Band indicating no appetite for the fall of recent weeks. Keep an eye on the rapidly narrowing Bands. Exciting times.

https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=SOU&Size=620&Skin=BlueWhite&Type=2&Scale=0&Span=YEAR1&MA=25;&OVER=AreaBB;&IND=&COMP=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

Yesterday Sound put out a most interesting update with regard to their negotiations on a GSA for the company’s gas reserves in the Tendrara Production Concession in Eastern Morocco. They are continue to negotiate the terms of such a GSA and say that as part of these ongoing negotiations it has received a letter setting out a non-binding offer from the Ministry of Energy and Mines, Kingdom of Morocco.

The offer envisages that all gas production from the Tendrara production concession will be sold under a GSA to Morocco’s state power company ONEE. The agreement is expected to have a variable element linked to the Brent oil price with a fixed element to fully cover transportation of the gas through the the Tendrara Gas Export Pipeline. This would indicate, at a $70-75 Brent oil price a total gas sales price, variable and fixed, of $8.50-9.00 mmBTU assuming a $1/mmBTU pipeline fee.

This proves that the market in Morocco is strong and makes the existing and potential for Sound in the region to be of considerable value, the next few weeks will be potentially very rewarding to the company.

There was no directors pay RNS. Are you thinking of the Annual report and Notice of AGM RNS? You forgot to mention the tweet by the way. The company could be accused of keeping shareholders informed though.

Soundingoff

"What we must also consider is this reduces risk considerably for a purchaser and there's now the argument to value on an NPV8 basis, which would broadly uplift our NPV by 20%. We also have the connected GOIP improvements which were communicated in the March RNS".

At $70/barrel and say $8.5/scuff which would mean 10% on the £1.50/1 tcf calculation and an "uplift our NPV by 20%" scenario would that now mean £ (1.50 x 1.1 x 1.2) / tcf or £1.98 / tcf. That would be approx. 46p for Te5 horst.

OK. I pinkey swear. No fingers crossed behind my back. I will ask nothing of you.

My algorithm doesn't include TVR's.

informs me there is a 100% chance of a RNS tomorrow. Stand by your beds at 7am children.

I'm waiting for this timeline : " FEED for the CPF is expected to be completed by the end of April 2019". Taken from 28th January 2019 RNS. Come come Mr Parsons, you can pin it on the end of the TVR and save a little money.

Perhaps the delay is intentional by the people issuing the permit. Perhaps the government want Tendrara to be put into the hands of a producer rather than an explorer so that Morocco can get on with the process of producing rather than importing gas.

It appears the day ends at 4.30pm. A great effort today to keep the negativity on the boil. But must try harder tomorrow. Everyone back in class, bright eyed and fluffy tailed, at 8am tomorrow.

Weeks and weeks ago. Don't you mean 12-18 months ago?