Member Info for Sharetrader123

Rubber on the day PS sold the price indicated on the time stamp when he posted was 1.25, it did go up on the day to 1.3 but that's it and certainly not the inflated price he claims to have had. Having lost £600,000 you can appreciate how foolish he feels especially as it spiked a little while later. Despite publishing paragraphs and pretending he knows what's going on, it is obvious selling when he did that he must have thought that Sound were going under. Since then we have had a stream of good news and 2 spikes which must be like a dagger to the heart reinforcing his stupidity. I'm sure we will now go from strength to strength but every success is a constant reminder of his stupidity and if any posters take any notice of the ramblings of someone losing 92% and £600,000 then they want their bumps felt.

Nice one pimp

Utility living up to the miserable old git label again.

PS, you do the maths, corredor is 50m metres wide and pipeline is 20 inches plus pipe rack supports.

Pimp a lot of people have also missed the fact that the land permission for the length of the pipeline is 50 metres wide. Adding another pipe once the land is cleared would be relatively easy or could be leased out to another producer.
"The land access approvals now received relate to land covering 99.9% of the entire length of the 50 m wide TGEP corridor."

Yes Rubber it's all looking positive moving forward.

Ducati, 8.2p sounds good to me.

Soobirs
"Personally, I can't see this moving significantly until we have income and/ or further exploration."
Graham did hint at further exploration. I think that the BOD are presently talking to a few parties and exploring many options.Graham did also hint at a "little plan" that he stated would unfold over the next 6 months so stay tuned in.

PS spoken like a true bitter investor who has just lost £600,000 by cashing in way ,way too early.

PS shameless lies. You have told us on many occasions that Sound were finished, perhaps that's why you sold out prematurely and made a £600,000 loss.

Utility I shall remind you when the SP is higher and no doubt you will be in denial so better start getting the excuses ready now perhaps.

Utility yet again completely missing the point so must be his age. The point about parts of Scotland being off grid was the towns were supplied by LNG so do keep up. No one has gone quiet as the latest web chat from Sound was very encouraging suggesting everything is still on track on the journey to first gas and the pipeline funding. The recovery has begun so watch this space and do try and keep up this time...

PS to sum up Graham's achievements by stating he should be commended for moving things forward at a snails pace is not being fair to him at all. Graham has secured the bondholder and LNG agreements when many thought it was impossible. When Graham told us of his plans aligning up a few ducks I can remember you calling them "dead ducks".
I think most will agree they are far from dead but it's always hard to hear them quack when you have your fingers constantly in your ears.

Looking forward to Graham's
" little plan " unfolding over the next six months. Far more upbeat than previous and nothing to dent my faith in Graham delivering moving forward.

Ducati that's an interesting read.

PS in your rush to score points you have missed the point completely. I am well aware of a fifth of UK gas being derived from LNG since the introduction of the South Hook and Dragon LNG import terminals in West Wales but that wasn't my point.
There's nothing wrong revapourising LNG and putting it into a gas grid as the whole of Malta is supplied that way but the LNG used in the UK and Malta is imported as LNG and then revapourised. Our LNG is going to be shipped out in tankers and will be then stored at the point of use and revapourised at the user end point. I'm assuming it will provide gas to industrial areas or large users such as power stations. Sometime in the future though the Morrocan government may decide to build future power stations near our pipeline and tee off for a direct supply close by as this has been done in several countries where there is no developed gas grid. These things will bode well for the future but will take a good few years to be established.

Achilles LNG is only normally used where it is difficult to get a mains gas supply. It is expensive to produce as some of the gas constituents need to be firstly removed such as carbon dioxide which would otherwise freeze when turning the gas to a cold cryogenic state at minus 160 degrees . It may surprise some that in the UK there are still some towns in Scotland supplied by LNG that are not on the National Grid network. The Scottish Independent Networks (SINs) comprise four independent gas networks and these networks serve around 8,000 consumers
located in remote regions in Scotland, namely in, Wick, Thurso, Oban, and Campbeltown.
My point here is that LNG is expensive to produce and the market is quite limited due to normally supplying an industrial area or large power station. The real money is getting the gas into the European grid via our proposed pipeline. Saying that it cannot be underestimated how good the take or pay contract is for the LNG as if the customer dosen't take the gas they still have to pay for it anyway and these contracts are long term so guaranteed long term income.

Malky "With so much going on in Morocco at the moment it seems strange that the authorities are making it look like the country is not welcoming international oil companies which I am sure could not be further from the truth"
Exactly, the authorities are desperately trying to attract companies to develop much needed oil and gas in the region. The last thing they would want to do is send out the wrong message to the rest of the world especially as this development is in its infancy.

PS most with a low average have every chance of getting their money back, certainly a better chance than those idiots who have sold out at less than today's prices.

Medar yes you are correct. Because the gas network is not developed then it would be doubtful if anyone would draw off the pipeline except maybe a future large user such as a gas fired power station. Most of the gas would be destined for the Euro grid where the market price would be higher. This pipeline is a route for Sound to increase its gas sales and charge transmission charges for any producer who wishes to tie into it. Sound must be confident that it is a worthwhile investment and we are certainly one more step closer after today's announcement.