Member Info for Silkster365

You really are a dislikeable human being. You seem to take comfort in slating others, being negative, encouraging negativity towards others, and generally stiring. You dont even seem to understand the strategy and therefore are completely missing the point of todays RNS. I see you are "waiting for full results" but the consequence of those being good are nothing but a bonus. The fact TE10 has hit gas, with a decent porosity, proves the basin model and it is that which forms the basis of the sale of the company. I couldnt give two hoots if 'the market' is waiting for results before buying in - they clearly dont understand the plan here either. I suggest you take a look at how you conduct yourself and ask whether you feel good about it. You are a nasty peice of work and I have added you to my filter as I have read nothing but snide comments from you for months and enough is enough.

Fez - think the other key thing is that this could well prove Brian and the team’s new theory with regards to the thickness of the salt cap identifying where gas is located. This was a change in direction after TE9 and the team seemed quietly confident they may have ‘cracked it’. I really hope that’s the case because this could really set us up for a bonus pay day using this now proven theory to identify a decent TE11 location

As some others have touched on, personally I don’t see the logging and testing results as any more than a bonus. We are trying prove the basin model not necessarily drill commercial wells here. The sweet spot for this location may be 100 metres east, west, north or south, it doesn’t matter, any buyer will have the funds to drill multiple wells as required. We are (hopefully) proving the existence of gas where we say it should be found. Don’t under estimate the value of hitting gas at TE10. It’s HUGELY significant for a prospective buyer and therefore our sale price.

Agreed not2sure. Let’s wait for the full results. This looks exciting as things stand. Good luck to all

Ngms - talk about glass half empty. Bet Xmas was a barrel of laughs in your household!

Upon a second read it certainly sounds like this is the bigger of the two plays! Keeping everything crossed now

Happy Christmas all. It’s been a tough year but plenty to look forward to. Enjoy your time with your families

Hi FireC - the conference call recording is already on the website. Its under "Video/Audio"

Mickeytentoes - a prime example of an amateur investor who doesn’t understand what he is being told

True PNE. It didn’t go unnoticed that 90% of the shouty loons on here didn’t show up on the FSC last night. But oh look, suddenly they are all available to spout nonsense on here again today. What a coincidence!

Some good news at last, effectively 30% of our current market cap paid in cash. Nice.

Saw the word ‘acquisition’ in the title and got excited.

My god there are some negative people here. Give them a chance at least!

Log on. Read testpack’s post first. Face palm - the board remains full of bitter loonies. Post this. Log off.

Like I say, I accept I am in the minority at the moment in maintaining a level headed approach to things and giving the company the benefit of the doubt in their strategy for the well program, whether it be successful or not. Its an uphill battle trying to convince people at the moment when there is still a lot of emotion about. If people have lost faith I suggest cutting their losses and moving on. Thats investing, especially on AIM. If you cant afford/dont want to take the loss and move on, thats fair enough, but I am sure you'll feel better for putting your energy into something other than repeating the same negativity over and over on this board. I shall now return to the shadows on here - but I really REALLY hope that some of the people who have acted the way they have on this board have the decency to apologise to the team at Sound in the event things still come good. Just let them carry out the strategy they said they would, judge them then.

Neptunes. The tone of that response kind of makes my point for me.

LONGWAIT - and everything you outlined there is true. "COULD". Sorry, but I maintain that if people invested on that basis then it was a poor decision

Jacklevi - I am not sure you understood the point of my previous post. No company markets themselves negatively. I think the issue here is that A LOT of people invested based purely on "Golden Tickets" "legacy for family" etc etc. without considering the downsides properly. Now they are taking out a bad result on the company when really they should have been prepared for a potentially negative outcome.

jacklevi - how do you suppose it should have been marketed? "We are a high risk investment, you could lose your capital, I'd be really sure you want to invest with us before you part with your cash!" . Come on, I take your point, but when the company has something as potentially transformational as Eastern Morrocco of course you are going to shout about it. The team are passionate about it and rightly so. JP has always said high risk/high reward, but I dont think any company is going to market itself based on a negative outcome

Location of 11 isnt confirmed yet Yohgurt, so could be another T&P....