Member Info for Shpunken

Davefrench, ofc we should be higher but that's not how the market works.. For that to happen we need to have the gsa signed and the rest will follow shortly which will underpin us above 27p... Also don't forget that the sp is driven by demand, so at this moment we know that no news is expected (ofc gsa can potentially drop any moment) so ppl will be waiting closer to the rns time to pile in again, just like what happened a day or two before Te10 announcement.. The sentiment has changed and ppl now believe that Te10 is success, only question is how big is the find, and that will be the biggest factor in the rerate of the sp... Atm everything is going well

Looks like 8.2p will be the bounce off price.. I can't see it dropping bk to 6p now before another rise.. But 8.2p looks realistic.. Hopefully in couple of weeks we will never see single digits again!

Anyone trusting sg's valuations really needs to read more about how oil and gas market operates... Without any additional finds he still believes te5 and seismic etc is worth £1... Sound has a crazy potential but ppl need to be realistic... Also he has no idea about trading patterns, if u follow his advice ull be left with no money and will be the last one to sell.. I stand by my words that in this calmer, no news, period the sp will have a few volatile days, and there is no need to panic about that when it happens.. Just normal trading patterns before some big news drop.. But I am also expecting our sp to be closer if not above 32p before the news drops (unless ofc we get a leak with bad news)

Timster, my guess is they are waiting for some additional equipment.. Also this is an estimate, so we could get an update during the last week of Jan to confirm that everything is going ahead smoothly and we are about to start testing.. I am sure we will get a twitter update when the rig down is complete so keep an eye on that..

JB the price drop is normal, we will have days of no movement at all and we will also have days where we will drop below 10% intraday and finish on 0 or in plus.. Like I said, this is now traders game untill we get to Feb.. Ppl have a timeline now, and the herd will be bk before the next rns drops.. I am expecting the price to be way north of here when that happens.. If u have spare funds, enjoy the next 3-4 weeks, otherwise just sit tight and wait for the next update

Joe, info on Te11 will be available after Te10 is done. I really like their approach this time. They will collect all the info possible, analyse it, also the info from the seismic will come in. And after all that they will be ready to pin point Te11.. April/may to drill Te11 would be great. I am 100% certain they will drill it and am confident they will unlock paleo this time round

Well, I cant see what's been said, so I cant comment.. I can assume something negative about my gsa comment?

I can't see the gsa being announced before Te10 final results.. It wouldn't make sense.. I'd love for that to happen, just can't see it happening

Everyone needs to relax, the reason why we didn't see a rise past 30s today is simply because we now have a time period of around 4 to 6 weeks untill we get final results, and this creates a trading opportunity, where ppl can take profit and wait for a better entry position.. If they wouldve told us that the news is about 7 to 10 days away, we wouldve have a much bigger rise today.. That's the only reason for that

It's too early for any rerates... Plus we have a time frame which is what traders like, so expect drops from now until about a week before the results when I expect us to be above 32p before the results

We will now be left in the hands of traders before the results come in, in Feb.. Should be fun! It's becoming now very difficult not to get carried away after today's news lol but we should still be very conservative and wait for the official flow and the size of the discovery.. Fingers crossed! Lots of new info to digest today, more reading needs to be done

Now this has given me more confidence to buy more, could get an opportunity at low 20s, during the no news period.. But one thing for sure the herd will now pile in before tests in Feb.. Looks like happy days are bk in sou.. Also some very good, chunky buys today already! L2 buys are flying in.. Could break 30p today at this rate

It will be drilled 100%, they have the money for it and they want to prove paleo.. Sou need to show that the model they have works on all lvls so a paleo well is a must.. And I am sure the prep and cos will be completely different now after the te10 well

Please reread the rns again, it's not 10m anymore.. It will be at least 10m now.. Additional zones plus the tests will add a lot more to that.. This rns is extremely positive..

We are so close to the motherload, I honestly didn't expect that... Also the fact that this was the first successful mdt proves that this approach is now viable.. If the test are positive and seismic confirms the motherload this will add substantial value to our seismic and model

PNE, on its own the "smaller" discovery is not that significant, but obv with te5 it already puts us closer to 50p price... But, the major thing with this potential discovery is the unlocking of the basin and proof that good porosity can be encountered through out the basin and not just near te5, and that, I think, is the most important part of the discovery so far... If we do have a smaller commercial discovery, I want to see a report that shows how many of those similar ones we have within our license.. Obv if we hit the motherload then we are sorted regardless of anything else

Twotoes u seem to be singing a different tune, has ur rat bitten off some of ur toes? Is that meeting happening today?

Tomtea, the simple answer is, they can't... But, we are already at the stage where everyone knows that it's a discovery.. The testing part could be kept away much better as not many will have access to that info.. Less ppl involved less chances of the info spreading around

Ian, am very happy with that finish!

Big, it actually looks like it will open on 22p on Monday