Member Info for partridge

Perhaps it is the weigh-in for all the fights that are going to take place at the liquidation event.

Best to sit on a chair - someone might take a fence

that Sound Energy will drill an appraisal well with respect to the new discovery. " A successful well test is always required to confirm reservoir deliverability and commerciality" but an appraisal well for the stratigraphic trap will only provide "a further reduction in range of volume uncertainty" that has already been provided by the company. I think the company will continue with the three well exploration programme after the well test and drill Te11. There is not much to gain by removing the "uncertainty" for a gas exploration company whereas another discovery ( in the palaeozoic )would be monumental for the liquidation event.

Mickey, I thought you said when you won a tenner off your mate you were down 50k( it went into the pocket of Mr.Parsons). What coin did you make?

I posted this on 4th February :

Three snippets to look for :

1. The Company expects to be able to confirm a revised net pay estimate in mid-February 2019.

2. Seismic interpretation and modelling to provide an estimate of the gas resources within the discovery at this specific well and to de-risk the stratigraphic upside continue and are expected to be completed also by mid-February.

3. The first stage of the TE-10 testing programme, which will commence early February, will conduct a series of flow tests on multiple intervals between 1,899m MD and 2,070m MD to establish the presence of deepest moveable gas, and reduce the range of uncertainty on gas resource volumes. Possible news here.

The first two have been completed today. The third I labelled as possible because it was open ended. Wishful thinking on my part. The company is doing what it said it would do according to its own schedule. Exciting times.

Are you getting well stimulation and fracking confused? Fracking is a type of well stimulation. You appear to be an expert so I would be grateful if you could clear this up.

"This net pay is distributed throughout the 110m gross reservoir interval identified".

The figure of 1.51tcf refers to the structural enclosure and the stratigraphic trap. But do not forget the remaining 61m of potentially moveable gas:

" a series of unstimulated flow tests will be conducted on multiple intervals between 1,899m MD and 2,070m MD to establish the presence of deepest moveable gas ".

The share price fell back to the 10 week moving average and bounced nicely. A new higher low has been formed. There is a descending trendline made by joining high points on the graph: late August; mid October; and mix January. This line is important in the short term and a break upwards would give a target of 49p. It represents resistance at 32p and the descending 40 week moving average. Today it's breakpoint is 27.5p (and next week 27p). The rising 10 week moving average will provide support. The chart is set up nicely for good news. Exciting times.

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

Sorry, but the apology was parody as well.

Sorry for the " goldilocks" comment. It was an attempt at parody.
Was " Jesus. I think a major part of the internet backbone encountered a catastrophic failure with that comment" an attempt at parody as well?

The share price is in the goldilocks zone. We don't want too high a share price - the shares would be too high to buy.

Looks like we’re heading back to the thirties by the end of the week

Oh dear, oh dear

Ouch! Although many people read my posting history and comment unfavourably I would suggest there are many better reads in your local library.

How did you spot he is a deramper? He only started posting today. He corrects person about L2 post ( does that remind you of anyone?) and he has mentioned Echo in most of his posts.

Morocco Summit
The Morocco Summit concluded last night and the overall view was that it has been a resounding success. With a day of highly technical work keeping the participants, including UK companies, on their toes followed by a day of presentations anyone involved in the country would have been fully briefed across the board.

With a key policy speech from the Minister (albeit in Arabic..) and from host ONHYM at both a senior level and across many technical areas the country is ensuring that investing in the domestic oil and gas industry is both fiscally attractive and operationally rewarding.

Indeed speeches from SDX Energy, Sound Energy and Chariot were warmly received and even the panel that I was on, right at the end still had a good audience…I spoke to a number of senior ONHYM officials who are definitely aware that current success in a number of areas in country is very much down to UK company investment.

https://www.leconomiste.com/article/1040454-hydrocarbures-le-maroc-fait-la-promo-de-son-potentiel

I can't help feeling that there is good news on the way. February has only 28 days this year and an update around mid month could be on the way. The share price is consolidating and volume has dropped off as news is awaited. The 10 week moving average is on the way up. Everything is still looking good for a spring upwards when news arrives.

Three snippets to look for :

1. The Company expects to be able to confirm a revised net pay estimate in mid-February 2019.

2. Seismic interpretation and modelling to provide an estimate of the gas resources within the discovery at this specific well and to de-risk the stratigraphic upside continue and are expected to be completed also by mid-February.

3. The first stage of the TE-10 testing programme, which will commence early February, will conduct a series of flow tests on multiple intervals between 1,899m MD and 2,070m MD to establish the presence of deepest moveable gas, and reduce the range of uncertainty on gas resource volumes. Possible news here.

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

https://www.leconomiste.com/flash-infos/exploration-d-hydrocarbures-benkhadra-fait-le-pointh

Benkhadra made the point
By the Economist | 06/02/2019 - 17:00 | Share
Exploration d’hydrocarbures : Benkhadra fait le point
Some 70 such licence to search and 10 operating concessions were awarded, so far, to international oil companies, reported, Wednesday in Marrakech, the DG of the national Office of hydrocarbons and mining (ONHYM), Amina Benkhadra. In total, 351 exploration wells have been drilled to Morocco, did she said the Summit 2nd Moroccan oil and gas.

Benkhadra said that the Morocco has taken a new step in the oil exploration, with developing under a new database modern, the development of new 'play concepts', as well as the realization of news discoveries.

good results from Te10 and Te11 may make Sound Energy too expensive to buy is ludicrous. The company has
to get every tcf it can in the bag. Too many tcf would be a nice first world problem to have. Everyone has seen what too few tcf entails.

2nd Morocco Oil & Gas Summit 2019
Venue: Marrakech, Morocco

6th Feb to 7th Feb

Under the auspices of The National Office of Hydrocarbons and Mines (ONHYM) , IN-VR Oil & Gas is honoured to carry out the 2nd “Morocco Oil & Gas Summit. For the first time, companies will discuss Morocco's Atlantic offshore geology and the results recent exploration activities are showcasing, onshore exploration and unconventional hydrocarbons opportunities. They will cover all exploration challenges and opportunities in Morocco, including how E&P companies and contractors can make the most out of the current experienced low-cost service environment in Morocco.