Member Info for Shedulike

This is uncertainty and nerves around unstimulated results. Will we get them, won't we get them and what would that imply. I tried to get a straight answer but got evasion save for reference to the NOMAD. I'm sure others received similar responses so conclusion - we'll get the unstimulated results if the NOMAD says we have to issue, therefore confidence nosedives and will probably go into a tailspin soon. What baffles me is why SOU allowed the vacuum for this uncertainty to exist. It's all about the stimulated results agreed but why create a traders paradise by being vague. This was coming from the moment there was no clarity over the issue of unstimulated results. Hopefully it doesn't matter but I'm getting sick of 'great topping up opportunities'.

Just heard a great 'Colemanballs' on a R4 sports bulletin. Talking about the Premier League title run-in the reporter knowingly said "In my experience the surprise results come when you least expect them". Bit like Te-10... (hopefully).

Sorry Eric I thought from memory that was some significance to the end of March for the TP but looking back at 'that' 26th April 18 RNS it appears not.

I'm not angling for popular post of the week here but could this be anticipation of a TP RNS, perhaps after hours?

Doesn't make any sense, if you knew more you would know you knew more and would have written simply 'I know more than you think'. I know you are speculating.

The equipment was 'already being mobilised' and was on schedule for early Feb (confirmed 28th Jan). As for the delay for the big perforating guns we were told that prior to the 28th Jan they were expected to be ready for testing in four weeks from 18th Feb so according to official announcements there is no reason to believe that the equipment for non-stimulated tests hasn't been on site for almost two months. The perforating guns have never been confirmed as being on site but what specifically is causing this apparent unannounced delay Petrol?

Interesting because that's contrary to reports from the BB's event attributed to JP (on 14th saying will start the following week) and recent email comm's attributed to Sarah (testing can start without all the equipment for stimulation phase). Who told you that no tests have yet been performed to date Petrol?

Wouldn't it be simpler if we all just gave Colin our bank details and passwords and abandoned this charade of trying to exploit a gas reserve in Slovenia? :)

Nothing weak about having doubts. What is feeble is being unable to read any dissenting opinions without getting in a complete lather about it. History with SOU has shown it's hardly irrational to be a little jumpy as we move closer to such critical news. I admit I'm very concerned that I can't get a straight answer on plans to issue non-stimulated results or not, personally I think they don't want to publish the unstimulated as obviously the full potential of TE10 will only be known post stimulation but the Nomad may have something to say about that. Why they can't be straight about it is beyond me after all JP doesn't watch day to day movements in the SP does he?

Thought you'd pop up SG. The fella who criticises people for posting on a pleasant Sunday and then does exactly the same thing himself, ironic but quite an accomplishment to prove yourself both pompous and a dullard in the same breath.

Wh0s, I have been unable to get a straight answer on whether they intend to RNS unstimulated results or not. The only conclusion I can draw from that is that they're hedging their bets and might not want to release them, perhaps because as you suggest they could be underwhelming and open to misinterpretation with regards to the ultimate success of the well. If they'd stated at the outset that results would only be issued on the completion of the entire programme I'd be happy but the uncertainty isn't good and I think we're going to suffer SP'wise if nothing shows up as traders infer they're poor. Must say I'm disappointed as I've seen responses posted here on other questions with excellent detail but mine have been nothing but evasive.

Just to illustrate how utterly ridiculous it is to make assumptions on how people are spending their day just because they are making a couple of posts SG, I have just spent three hours on a river, nipped home for some lunch, looked in here and then I have to go to work for 2pm. You really can be a pompous clot.

The 'fun & games' are going to go into overdrive as soon as becomes reasonable to expect the unstimulated tests to have been completed. I have been trying to get clarity on whether they will be published or not and have just had vague replies referencing the Nomad and an awful lot of travelling making people unable to provide a straight answer. Seems to me they have left a gaping door open for scurrilous speculation as they clearly don't want to commit to it or rule it out.

Ha ha Jack I was going to volunteer to do a couple of hours in the stocks for my treasonous comments but if Te-10 fails I may build my own DIY scaffold and beat you to it!

What about TE-10 declared uncommercial just after JP completes his TP. TE-11 is drilled but encounters tight sands, GSA fails to emerge stalling the FID. SOU runs out of cash and declared illiquid. Enjoy the weekend :)

I've also had 'travelling' as a reason for not having a straight answer on a simple question I put earlier in the week. I'm not particularly surprised or annoyed, maybe any unofficial personal communications could be in lockdown from now on though I'd rather they just said that. How come nobody slipped a gps tracker into JP's pocket at the BB's event?

I have tried this week to get clarity on unstimulated results to no avail, I'd be interested to know if anyone else has had more success. If they're planning to announce the lot on completion of post stimulation it would be better to declare that before the scurrilous speculations starts to kick in when they don't appear. Makes no odds to the end result of course but I'd just rather they didn't leave the door open for the games.

We don't know it's happening yet so just a discussion I hope. However I still think a contingent deal flies in the face of all our endeavours in Morocco. Drilling, seismic and all the other geology to provide a model for a bigger operator to carry the project forward. We have been guided as investors to believe in that method and I'm aghast at the suggestion that this could be torn up at this late stage for a method of disposal where the PI's are still shouldering risk and hoping that their golden tickets will still payout in the distant future.

Fishy I'm amazed how this contingent option is causing so little alarm. This isn't a personal attack just a debate but you say 'that way the buyer is taking less of a punt in the dark'. What on earth have the years of exploration in Morocco been about then? We have carried all the risk so far and assuming a level of success at TE-10 can present a package of discovery and prospects to a potential buyer for an agreed price. If this endgame that we were promised can't be achieved something is wrong. I say it again there is a possibility that the initial payment could be uninspiring and further exploration could fail and contingent payments could be nil. I don't want my chance of a payout from years of investing to be hanging on the performance, timescales and appetite of an as yet unknown operator. Of course if the initial payment is attractive it all changes but I can't see it.

Fair points Wh0 and it may not even be an issue for all we know so I'm trying not to get into a lather (honestly). Though we should all be reminded that a deal could be done offering shareholders what appears to be an attractive return on future discoveries only for there to be none. Unlikely I agree but I strongly assert we have slogged away in Morocco to present an attractive package of discovery and future prospects, time for someone else to carry the risk.