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PS, anyone losing £600,000 on this share is in no position to lecture anyone.

Utility, keep taking the medication.

Utility, name call all you want but to invent statements is scraping the barrel. To suggest you hope we get hit with a huge tax bill so that the Moroccan Education and Health service benefit is just plain stupid. Firstly their government has a poor history of funding these services due to a combination of apathy and corruption. Secondly the country is soon going to benefit from supplying huge amounts of solar power and gas to the world which will make the country a power hub generating plenty of income that their Government can put into these services if they can be bothered to do so. Like keep, I too pay my taxes and no doubt the money will be channeled into our NHS where you are at liberty to take advantage of your local phyciactric unit.

Utility I have not said Sound will be worth millions or billions so I don't know why you are inventing scenarios just to have a rant. I'm sure there are organisations you can contact if you require help.

Utility you need to read my post again. I merely suggested that it would send out the wrong message to pursue the tax demand so I don't know how you are annoyed that I stated they were going to brush it under the carpet. My post has attracted a few recommendations so at least some on here understood the angle that I was portraying.

Utility " no buyer is going to make an offer to buy Sound with an unspecified debt on it`s books".
Utility you must remember that this tax debt hanging over us did not put off the bondholders even though Sound was in a far more precarious position at the time. I still maintain that pursuing the tax issue against SOU would send out the wrong message to the industry at the wrong time and would be like the authorities shooting themselves in the foot.

Yes utility there have been many false dawn's for sure but we can all agree that we are in a far better position now than we were a year or two ago and we will no doubt be in a better position this time next year. Those with patience will soon see the outlook significantly change when we start producing and I have no doubt this will be reflected in the share price.

https://www.proactiveinvestors.co.uk/companies/news/981229/sound-energy-set-for-significant-upside-as-moroccan-gas-development-accelerates-broker-981229.html

DD, Graham has recently stated they were looking at renewables.

Utility it's hardly surprising it drops backs. We are not at first gas yet but when we are and coupled with phase 2 funding then the outlook will be completely different.

Graham has already told us they were looking into diversifying into power projects so I wonder if he's looking at this.
https://www.en-former.com/en/morocco-uk-subsea-power-link-would-be-worlds-longest/

Sound I think most people can see that we are progressing well and seem to be in the right place at the right time with the right board. I have no doubt the funding will be agreed it's just a matter of time.

Looking good. 8.2p forecast this year
https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOU:LSE

Ferman to add to your figures Graham stated in his recent interview that phase 2 included funding for a further 4 to 6 wells.

Thanks Ducati. The future could be very rosy indeed. We have the right board at the right time so enjoy the ride.l

Rubber also remember that PS made a 600,000 loss here so her opinions are not likely to be balanced in favour of anything positive.

Here's a fact for you Utility. Keeps post ridiculing PS and calling her a nutter has at this time attracted 18 recommendations. Enough said.

Utility, if you are suggesting that funding issues will threaten the ability of Sound to continue as a going concern then believe that if you want but the test of us in the real world will be concentrating on Graham and the board delivering income from the LNG project and completing phase 2 funding.
The SP will reflect our progress and it's looking better now than when Graham took over.
"In Graham we trust"

PS, there are no funding issues that will threaten Sound as a going concern. This is total scaremongering and to suggest that Graham and the board would expose the company to such a huge threat after prudently putting the company on the road to recovery is totally preposterous. You might not like the fact that the SP is finally increasing and that the company will soon be generating income but it's happening despite your attempts to spread your special brand of doom and gloom which looks more desperate, ridiculous and outdated with each duck that Graham continues to align.

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Home > News Articles > Morocco: Chariot Awarded Exploration Contract for Rissana Gas Field

Morocco: Chariot Awarded Exploration Contract for Rissana Gas Field
Posted March 9, 2022
10:30 am

The Moroccan government has awarded the exploration license for the Rissana Offshore Basin to UK-based multinational independent oil and gas exploration company Chariot.

The license comprises an 8,489 km² basin surrounding Chariot’s existing offshore license, Lixus. According to the terms of the license, Chariot – through a wholly owned subsidiary – will hold a 75% interest while the Office National des Hydrocarbures et des Mines (ONHYM)?will hold a 25% interest.

“We are pleased to formally award Chariot the Rissana license, offshore Morocco,” stated Amina Benkhadra, General Director, ONHYM, adding that, “ONHYM and Chariot recently conducted a highly successful drilling campaign in Morocco, and we hope that we will be able to have similar success on Rissana.”

In 2022, Chariot completed drilling at the Anchois field in the Lixus prospect, revealing sizeable new gas discoveries. Chariot will now proceed with conducting a 2D seismic survey in its new exploration license as a first step to exploring the potentially gas rich Rissana basin.

“As we demonstrated with our recent successful drilling campaign at Anchois, this is a highly prospective basin and, along with the Lixus Offshore Licence, the award of Rissana ensures that we have captured the exploration upsides in this exciting play. In parallel with the development plans on the Anchois gas field, we aim to maximise value from the exploration upsides in what we believe is a low risk and high value opportunity,” stated Adonis Pouroulis, the Acting CEO of Chariot.

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