Member Info for Robbie68

Obviously significant enough that it couldn't wait until Rotterdam. Hopefully no more than a couple of days delay.

The Aoka Mizu FPSO has put into Algeciras, Spain for planned personnel changes and bunkering. This stopover will be extended to undertake a repair to an auxiliary system associated with power generation. Commissioning activities which were being undertaken during transit will continue.

eric

RNS Number : 2560E
17 October 2018
Eastern Morocco : Commencement of Drilling at TE-9

..... The Company looks forward to updating investors on achievement of each of two casing points (13 3/8" casing and 9 5/8" casing), the setting of a 7" liner (if required) and achievement of total depth. Investors will be able to observe live operations through the Company's webcam, available on the Company's website.

Jordan
My guess is that JP knew when he would get the ministerial approval (as debated on here)
He needed to wait for approval for TE-9 to spud (to count as one of the 2 wells), so he's known for some time when spud could be.
If so, why not coordinate with site visit?
Now its game on and SOU should be maximising all photo oportunities / publicity etc.

All those out at TE-9 - enjoy the day and don't forget us less fortunate ones well informed.
Thanks in advance.

Crude
What time are you scheduled to push the button?
:-)

The rig has been stacked for quite a while now.
Some parts have been back to Italy for servicing / referb.
Could it be that Saipem are taking their time and making damn sure the rig is in tip top condition?
Once TE-9 kicks off, Saipem might be looking at almost constant drilling going forward (with Sound and then A.N.Other).
;-)

I can't see any voyage details on marine traffic - any ideas where she's heading or how long it will take.
Where is the local lighthouse?

Confirmation that CA sold into the recent rise.
Holding reduced from 5.77% to 4.75%

MK - I also think we've bottomed out. A final push down, as seen by the BB activity recently from the usual suspects.

I expect very positive newsflow in the next few days and then fingers crossed for TE-9

GLA

Just catching up with the days posts...

My understanding was that we DON'T NEED further ministerial approval for TE-9

BUT

For TE-9 to be included as 1 of the 2 Wells for the new 8 year agreement, then final ministerial approval would be required before spud:

Maybe just semantics, It would seem strange not to get this is place (having waited so long).
In an case, it appears that this will be completed this week anyway.

RNS 31.08.18:
The Greater Tendrara Petroleum Agreement, details of which are provided below, has been signed by L'Office National des Hydrocarbures et des Mines ("ONHYM"), the Moroccan State regulator for petroleum operations and it will come into force on approval of the Moroccan Energy and Finance Ministries...

Initial period of 4 years: 2 exploration wells with the minimum Triassic objective. It is expected that the approaching TE-9 and TE-10 wells will fulfill this commitment.

I cannot see any of my old posts on LSE from Dec16 to May18.
Same under other shares I've commented on.
Anyone else have the same issue?

It was explained to me that Sound does have a potential significant Palaeozoic oil play in the Anoual licence.

It is this same significant Palaeozoic oil play which Repsol / Shell are targeting in their licence.

I did not get the impression that they have a similar TAGI play to SOUND, but are just "ignoring it".

A very enjoyable 4 hours was spent at the building of the oldest Geological Society in the world, with some very knowledgeable Sound Energy Geologists.
Much of the technical details from the presentation have been well covered earlier. Aside from that, what I learnt today from lengthy conversations with James Parsons and John Argent:

Sidi Moktar farm out IS still on the cards and James is hopeful of news soon.

James is not aware of any big sellers in the background.

Repsol / Shell now have a 8yr Exploration licence covering a reduced area to West of Tendrara only. They will start shooting seismic in the near future. Approx 18 months behind Sound.

Sound is now costing circa 10M/annum operationally, so they are NOT delaying / stalling on any aspect of the business (TE-9 Rig up) - James wants to progress asap.

Latest COS for TE-9 TAGI is 31% (Didn't get a Paleo number).

Technically Ministerial approval is required before TE-9 spud, but James does not envisage an issue and expects approval in time.
(John Argent said he has ministerial meetings next week in Morocco, so could well be connected).

There will be NO FURTHER CPRs - at 100k, too expensive - all the first CPR did was reconfirm what Sound knew and published already.

TE-9 / TE-10 will be drilled / not sure about TE-11 (Upside potential required for the buyer) and the Veyron will likely stay in the showroom.

LE likely Q2/2019 (possibly Q1).

Frank,
Not sure if it was a slip of the tongue from Brian, but in his Gherkin presentation he quoted: between 1% / 3% / 15%
(not 5%).
53:40 into the previously posted link.

https://www.youtube.com/watch?v=em7JoYgAMTU
(from 46:00)

Brian's presentation at the Gherkin from Feb 2017 - Worth a listen back again.

It was estimated that 9 Gigatonnes of petroleum were generated (equivalent to 260Tcf of gas).
Most was lost through migration, but using "very conservative numbers" that gives the potential 9-17-31 Tcf of gas.

That is why SOU took a step back and embarked on the huge seismic programme to validate the basin model and find the potential gas.

I'm looking forward to the Deep Dive on the 25th, where I expect we'll get a more detailed understanding from Brian and Team of where we are now. There is potential upside from the numbers quoted as the Paleo has not really been understood so far (we know the ratio from Algeria).

Exciting times coming up as the drilling programme gets started.
I expect we will drill TE-9 / TE-10 / TE-11 (+ TE-12), otherwise I don't see how we can reach the potential value that might be there (Risk vs reward).

Its now 4 weeks since "photogate" - any thoughts on whether there are issues with the boat, delays due to GWA farm in or was the timing of 11th Aug a complete red herring...?

Have I missed any recent update from Tarkers?

Hi Rev
Please can you add me to the list.

Robbie68: 87p, Thames Valley Air Ambulance

Has anyone emailed JP and asked him for his bid..?
;-)

MK, pls can you add me to the list:

Robbie68 8.08