Member Info for Ponkey

gemell1 I base £3 approx sale price on seismics alone as:
midcase 17tcf x 10pctx£1.5 per tcf=£2.55 plus lets take your figure of £.065p gets to just above £3 quid apon which I would bite your arm off,IF it meant no drilling risk.
just my take on things and does not allow for Sidi

Very Drool

daveyboy...then I'll have found Thomas the tank engine-lol. In all seriousness this has always been an option but still think that if onmy/ogif have a say they would feel more comfortable with a major who has more overall experience but it ties in somewhat with my theory(just that) that this deal gives schlum more flexibility to tie up with a major and what a dream ticket that could be in the eyes of Morocco.Two complimentary majors joined together one of whom has been part and parcel of Sounds Journey so far. Downside for us is perhaps we don't get to realise the full potential....but where we ever(retorical statement as we still might) but we negate a Badile/TE8. Everyone has their own views/wishes on this subject but if my theory is anywhere near the mark then I'm also sure JP will have a rabbit up his sleeve so we come out of this as well as possible.

jacklevi I'm in till whatever it takes but since 2010 my dreams have been somewhat erratic reaching.....(too rude to say) around TE6/7 turning into nightmares about badile/TE8...now I'm just in a coma waiting to be brought back to life and if seismic sell gives a sensible price then I,Noddy and Big Ears will go and look for Thomas the Tank engine....sorry did I mention that with the coma I've gone slightly stir crazy-off to the beach to cool the dogs down!

ok well here's more mischief then...two more pieces of the jigsaw-GSA and end of seismics and then goodbye. yes TE9/10 will be drilled but under whose ownership? maybe the 2 weeks travel was to tie up Schlum and the ultimate powers that be and a potential suitor....back to the old sell on seismics or drill scenario!
Or maybe he was travelling for Echo and Coro and the rest was done on the phone who knows BUT i can guarantee one thing-WE DON'T all we can do is try and second guess.

According to the Telegraph are considering a £25Bn share buy back......looks like they have some spare cash-lol

So,Mr potential buyer if you would like to buy us right now you can rest assured that in place you have the services of arguably one of the worlds best drilling/service company onside.........?

PNE/StM move over STm just taken the dogs for a walk and got p...ssed on and come back and the SP blue!

PNE79 Firstly please send some rain down to the SE. I think your comments concur,albeit with a slightly different slant, to what I've been thinking for some time-namely before spudding TE9 they want seismics and GSA locked in or perhaps put another way a possible suitor has perhaps hinted that you show us ALL the seismics and GSA and we may declare our hand prior to bidding either outright bid/tie up of some sort. Agree with your comments about sentiment though in my case and perhaps others who have been around since the ice age with perhaps sizeable positions with(luckily) a low average its not so much a question of price-christ knows I'd like as high a LE as poss-but of timing. The more this drags one the more likely I am to accept a price perhaps I would not have considered 2 years ago just because everyone's patience has a breaking point and coming on 9 years mine is wearing very thin.
Having said all that I'm sure(hope) we will be pleasantly surprised..................................

jeez 51yrs..thats in share ownership terms is long as I've been in Sound...I joke that if I'd committed the deadly sin I'd be out on parole by now well in your case you could be on your 3rd choice.........joking yes leverage and go with the flow anything for an easy life talking about flow how about getting drilling or selling please.

jacklevi sounds like a trade here...I'm allowed SKY but at a very early stage of marriage(32yrs now) was informed that if I ever took up golf.......some comment about balls- i apparently have too many other outdoor sports/hobbies!.....Funny thing though she now works at a golf club!

I suppose that now the World cup/Wimbledon/ Ascot are all finished and 3 weeks to the Footie the reality of "boredom" here has set in-well for me anyway.
Whilst I'm sure there is plenty of activity behind the scenes ( bl...dy well hope so) I can't help feeling that we/BOD have lost control or at least the initiative of future developments and we are now the puppet rather than the puppet master.......I know frustration at endless delays broken timelines...yeh yeah it's O&G but even London buses keep better time! (so I'm told)

you forgot to borrow the lead.

Fell, whats a year....we are both due parole

Fellrunner, thats a new one and who knows may be somewhere nearer the mark than a lot of theories though I think JP would favour a clean break, but thats just my opinion after a few visits to sevenoaks over the last year, but I've given up second guessing. I personally really do not buy into this wanting to line all the locations or partner approval but again they have said they want to be absolutely certain as they can be to get things right. I still hold by my previously stated posts that this delay is about ongoing talks about some type of tie up pre-drilling to outright sale and the delay is waiting for GSA/final seismics analysis which may tie in sort of with you fellrunner. If my theory-and that is all it is-holds truth then I also believe that any new owner/partner would "employ" SOU to drill the next 3 wells-surely they would be mad not to.
As to PI's becoming more risk adverse, I again buy into that as well as whilst I want as high a LE exit as poss-so therefore drill away-not if we are going to creep into 2019, I'm too old and after 8.5 years am getting ......hate to say it ,a bit bored now......Anyone still awake???

Hello Bullheed and welcome and like a new member of parliament a very constructive introductory speech/post shame they have just called a snap by election in your seat-goodbye-filtered...wow my quickest yet

Stm thought I'd give you a break-lol

StM correct rush of blood to the head. I have 3 labs so trying your trick of taking them out now thru fast ripening and getting distressed wheat fields to see if they work the same magic for me/...us all-being selfish for a sec there-have a good w/end all.

StMary, if it was the right price I would go just to pay homage to the desert and say thank you!

Until then either Sell it or Drill it, it's been nearly 2 weeks since our last little g-up FSC.

Well (no pun intended) I still think there is a possibility that we could receive an offer prior to drilling though why this would preclude announcing exact location of t9 beats me. Perhaps and just perhaps if some deal is being negotiated behind the scenes then the potential bidder is waiting for GSA as lord knows we must have done enough seismics by now for that not to be a deal breaker/clincher. Either way JP said whatever happens he is going to act with shareholders best (and his own) interests at heart and we will be the last to know.