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Bigbench, could be poking 3p in the eye by the end of today if this keeps up.
Big bench. How's that for you, was a long time coming but still far too cheap.
That's not ramping, these are worth 7p of anybodies money as they stand.
Viable, yes we have a massive acreage around the size of Belgium, with many possible multi tcf plays.
www.soundenergyplc.com
And this Graham Lyon interview from last year, very interesting from 6min 25 seconds. Exploration is a lot closer than many people realise.
https://www.youtube.com/watch?v=gIf6f4DV0Rw
https://www.lse.co.uk/rns/SOU/anoual-permits-update-u1cc2i40d1vukzi.html
From this rns a 12 month extension was awarded, they have until November. I remember Graham writing they had a drill on site and were ready to go at the end of last yeat but it was put back through covid.
I usually have a pretty good memory with thing like this, I will try to post where I obtained the information.
Medi, That's what I am looking forward to. From memory I think anoual exploration has to be started by about July/august for the license commitment, with a possible 12 tcf reservoir to find. Around the same amount as sidi.
Derby, In the relatively short term you should easily see these 2 or 3x the current price which is way undervalued. Crystal balls are like hens teeth to find, but if a few things fall into place 20p will be a base price in my opinion. Good luck with what you choose.
Not moving so slowly now bigbench, after years in a coma hanging onto life things are at long last happening, and sound is one of the few companies to find its self at the center of a perfect storm. These are a ridiculous bargain right now and boots should be filled.
Let them drill a couple of wells and hit gas and you will see what they are worth, Graham is very competent at this, and I believe the gas is down there.
https://twitter.com/soundenergyplc/status/1508347782586941440?t=HJA1SY5Yv_uQYDNbKM20KQ&s=19
They are not Messing about, its all systems go by the looks of it.
Given the world gas situation I think everything will be fast tracked, including drilling. The Annoual licence will be getting drilled soon anyway, if successful and with the LNG plant opperational I see a price around 30p plus not unreasonable.
https://twitter.com/soundenergyplc/status/1506909662553288708?t=NYY0HSevmV-s8VQbArDiYA&s=19
They will have to give us a vote on the deal, if it is it with no visible upside it will be voted against anyway.
Well the admittance of questions closed on 11th Feb, so shouldn't be too long to wait for an update now, probs later this week or next.
An update is long overdue on everything, with regards to the takeover I'm sure Graham has good reasons but it seems bizarre until we find out what they are. It certainly doesn't seem like the undue tax bill is a worry to them though.
Our Q&A platform is now live (til 11 Feb) to take investor questions, after which we will post the questions and answers in written form on the web-site. Due to POTAM rules we are understandably not able to answers questions in relation to any possible transaction.
At face value I will not be voting for it, given the chance. However with the conference call not far away I could be wrong, I would rather hear they are close to getting a farm in for sidi, the last great acquisition from years ago.