Member Info for Seedcorn

I notice comments of disappointment with this share and can only agree. The BOD appears to have good intent but are unable to deliver anything in over two years I have held the share. During that time I have averaged down but it would be nice to see some sort of concerted uplift in expectations for shareholders. About the only thing that is likely to change in the near future is a positive result from the Wressle planning issue and I think EOG and others were unlucky with that long delayed situation. However, exploration needs the backroom activities that follow on from seismic to convert into actual physical work i.e. action with a drill bit and there is absolutely no sign of that for the Irish possibilities ..... or is there? ....... Unless of course we get an rns on Monday morning? An individual view and choice but holding and hoping for me is not really a strategy that works right now. Before I decide to move on can anyone suggest where we may see some significant changes to the current situation please?

A fully justified rant Tacoma! We are so good at putting obstacles in our own way and a lot is due to the pandering to minority interests instead of just getting on with things. Our planning system is a good example. Whilst we do need a local input, the well meaning dithering of totally unqualified individuals often politically driven, using unwieldy processes seems to work against business usually at great expense. I suppose that is democracy for you! Not withstanding this somehow we have a great economy driven by fantastic entrepreneurs. Yet I’m sure it could be even better. Britain first sounds to me like a good starting point for progressing.

Fred that is a very nice idea. I wonder what the quality of gas would need to be for the generator sets to run from? Perhaps it would require the generator feed gas to be 'dry' i.e. at a certain hydrocarbon dew point first, and any contaminants scrubbed out. Also if the intention is to maximise the amount of gas produced then how many generator sets would be required. What about environmental impact too from the exhaust gases? That might take more environmental assessments and planning complications. I think the volume of produced gas expected is around 5mmscf/d and (they hope) rising if possible. The maintenance and operating costs would escalate with more complex machinery than they currently plan for and presumably the bottom line would be impacted by higher overheads. Perhaps the gain would come from a higher product price? I am all for maximising the opportunities here but would prefer the board to keep things simple. The less complicated the better where Angus is concerned. I do take your point however and maybe it is another option.

Thanks for the link.
If the globe is warming that fast maybe we won't have any more cold winters?

I am all for making a rational transition to renewables but I just cannot believe millions of houses, factories, offices etc. are going to make the change from gas to electricity in just ten years. It will require massive incentives and investment at the stroke of a pen. Perhaps I will continue to put off having a smart meter installed for my gas consumption and save the fitters time fitting it then removing it in a couple of years time.

Towards the end of the call, when discussing the intention to try to accelerate gas production at the new gas plant set-up an aside comment was made about there being only about a ten year window for gas production in the UK. Did I hear that correctly? Is that a firm government policy. I know they don't want any more gas boilers fitted in new houses in a few years time and imaging electricity will be the preferred option. We may be able to do without coal almost now but gas in just 10 years? Thoughts anyone?

Good point. I hadn't looked at the volume. Any sp increase is a positive to me having bought in some time ago at 1.28p!
I do like the company and the way they do things. Practical and produces results. For that reason I am prepared to hold rather than cut my losses.

Seems to be heading in the right direction. There must have been an information leak yesterday afternoon to cause the so to rise ahead of the rns.

dan1nat1 I can't imagine any circumstance where well production would go from a test separator to a mobile tanker. It just would not be safe. Regards, Seedcorn

I've not seen an rns from Keras about this yet today. I would have thought the Calidus news would be worthy of one.

Looking at what has happened to the SP following the rns we jus had, can anyone remind me what was said (not so long ago - perhaps in the River Thames boat presentation) re the share value of TE-5 to potential for the share price? Was it somewhere in the the region of 20p? Many thanks.

Certainly food for thought. Raising funds would appear to be high on the agenda for future activities such as drilling. . With the SP where is is that could be quite challenging in my view.

I agree with that this is the right move although borrowing from Peter to pay Paul has a price. Removing YA from the scene is very helpful.

All that hype and delay. There is a real lesson to be had from this result. This will become an even longer hold for me now. Gla.

Hi Tacuma. I have an alternative view on that. I was surprised to see Morocco mentioned but Sound Energy potentially has a viable gas business, subject to a Gas Sales Agreement that is imminent. Yes, they reported a duster recently but that is first in an exploration of three wells. Two more to go. Likewise SDX had considerable success during their recent drilling program. I would like to know what EOG has spotted. I am concerned that my experience of EOG so far has been to see the price drop and nothing be concluded. Are things about to change?

Interesting comment Ajed, I will have a look at LOGP.

More than 13% down! The share price is indicating what the market thinks of this deal, or did I miss something?

A disappointing outcome for TE-9 however, this is the nature of the exploration beast.

The drop in share price last week was counter to my (reasonable?) expectations. I wonder if that suggests there were some leaky bits of news reaching some ears? I hope not as I expect the integrity of the Sound ship to be watertight. No matter, we shall just have to go through the process of watching and waiting for the outcome of TE-10 and lets us hope all the downside news is out of the way now.

I shall continue to hold for now. Good luck all.

As no doubt everyone on here will be, I am really looking forward to the outcome of this drilling. I can only imagine how the Sound Team are eagerly looking over every report and indication to see to see if their deductions from all the surveying and analysis is going to be vindicated. Exciting times. Oh and the share price? If I had some spare cash it would no doubt be used to increase my holding. Christmas is coming and I have to keep what I have to feed up the goose. James I hope you have dusted off your Santa suit?

Well done Sting69. I am so pleased you have taken The Times to task. Too often journalists are just plain sloppy with their reporting. It is almost as if getting something on paper, no matter what, is far more important than the content being correct. I would expect that from some papers but I thought The Times had a higher standard. Great job!