Member Info for ranger104uk

So the CFO has been put on gardening leave. I would like to hear his take on things?

Splitting his role with the other board members (or the others that think what they are doing is best for themselves) because they are working on handing over "operatorship" of the EMP to me seems odd. Not that there would be many replacements for the CFO role queing up to join Sound.

I can't see many positives to what is going on here. Its as if Parsons and Co are working for a potential buyer.

Crude I thought Bonfire Night was last night... Seems to be a lot of Rockets in here

Jez
I've not been around as long as most. If Parsons said the earth was indeed round I wouldn't believe a word of it.
You talk about managing expectations going forward, I would think the majority in her would expect him to fall on his sword. As we speak speak Sound still can't get the gas to market.

Everything in today's RNS is hollow until it's done and dusted.

Since I've followed on here the BOD has delivered nothing

That's the thing Terllis Nothing has to be revealed.... So they can sit on there hands before the deadline and then say Oh!! it fell through.

This mornings SP tells you how good a deal they have come up with. When the deal falls the SP will be rock bottom. Then you'll see the Directors pile in.

DaveyBoy lol Well done I like that.....

My thoughts are it kicks the can further down the road

The Due Diligence mentioned in the RNS is the with regards the "Unnamed UK Limited Company"?

I wonder who their shareholders are?

Totally agree Marky. Both Sound and Echo have come out with figures in the past as well as log data that has been horlicks. They when they got found out they're rightly slated to death for it. No pleasing some folks on the BB. This is out of Echo's hands and for me in that respect I'm happy with that. I put my faith in CGC but I'm here because a strike here will more impact on Echo's SP than CGC's

Daddy you have to remember it's CGC that are calling the shots here they do not need sweet talk investors their success rate does that for them. A Blind Punt ..... I don't think so

And as for the JP chat this morning, He'll have as much say as the drill shack tea boy in what's going on.

medi I would hope they are confident. A 10 year fixed price deal for 0.3bcm is good if the price doesn't rocket

S to B that's because there isn't a buyer or what their offering is way below anyone in here would accept

As Jnewton points out this well isn't producing yet. Someone correct us if we're wrong.
So the Produce or Pay might come around to bite if for whatever reason Sound fails to come up with the gas.

I'm not sure this is all that good news

No I think Fez it's everyone's hard earned cash that is rewarding JP

Here comes the 6s

Not what most want to happen on a Friday

convince that Sound isn't a pig and a poke?

I don't have to show my workings I think that pretty clear to everyone that's underwater and drowning that this parrot is dead. seest to exist, flown it's last flight.

If your in profit form this stock well done matey

Yet to be proved wrong.

You've bought a Friday built car, a Pig in a poke, Sold down the swanny.

I do feel for those who have their life tied up in this Rip Off.

Those who keep defending or hoping are delusional.

My old Maths teacher had a saying....... Self Kidology.... say it enough you'll believe what your saying is right.

Marky I don't think keeping a drilling rig active is the case here when you're footing most of the bill. at most its a 20/80 split regards company v subcontractors for the drill crew. but you'll be looking at 60-70 crew for 1st drill, then times that by the depth..... you know the score.

Again Echo's Q and A will not shin any light as its not them that are in control. Echo has it's name on the licence but like having a mortgage on a house its the bank that are the real owners.

So all your betting on here is 19 / 81 on someone else's call. I would go with that right here right now

Taffy

Echo is now the junior partner (as I see it) but after the financial reshuffle of earlier in the year I think is fair to say that the 4 well drill campaign is full funded.

CGC will be calling the shots so this is maybe why Echo don't want to be seen as to be calling the shots on timings for start of drilling as well drill costsing. As you'll be aware The Arggie economy is in turmoil at the moment and with a high likelihood they will default on their national dept repayments . So sitting on ones hands until you have your ducks in a row may be prodent going on Echos past of shouting from the rooftops after detecting coal dust.

It does take a massive effort in setting up a drill sight even before a drill bit is even unboxed so a couple of weeks out for the festivities may mean little in the scheme of things . Finding the correct spot should not be rushed.

Echo are in the best possible position right now considering where it could have been rushing around going off half ****ed.

For me this is a very strong buy, but I also don't want Bolivia to distract echo they need to keep their eye on the ball at the moment. They would require another farm in to get that up and running.

CGC are in control here and must surely have a boner at the low SP. Yes its Echo's pitch but CGC own the players, stands and the access roads. These guys are no mugs their hit rates speaks volumes. slowly hovering up the shares those left will cash is as Echo is swallowed whole.