Member Info for smithfields

IF the tax liability is proven...then sure it can be paid replacing the 'tax holiday'?

Some one likes the rns.

https://uk.finance.yahoo.com/quote/88S1.SG/chart?p=88S1.SG#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-

Nothing wrong with the rns....they could have waited until the tax situation was resolved...but no..it doesn't seem to worry them...onwards and upwards.

The gas storage seems of little value...
https://www.rte.ie/news/2022/0430/1295315-energy/

Renewables are nothing to be sneezed at.....by 2030 it's hoped they'll become the largest part of Morocco's energy mix.

https://renewablesnow.com/news/morocco-to-attract-usd-16bn-of-global-investment-for-wind-power-programme-759502/

I doubt access to money is a problem..the problem will be how much will the money cost.

https://billionaires.africa/meet-the-five-wealthiest-businessmen-in-morocco/

I can't see what all the fuss is about...it seems straight forward enough. SOU paid $1 to secure the acquisition....which is to be settled and eventually paid for via the PSD (Profit Sharing Deed)on profits from SOU's production that will already have been subjected to taxation. From where I'm sitting, it looks as if the 8% and 11%, as and when it materialises,....needs to be taxed being the true and actual part of the sale process.

rns extract.
'In consideration for the Acquisition, the Group shall make an initial payment of US$1 (one US dollar) to the Seller in cash
on completion and may make future payments to the Seller pursuant to a Profit Sharing Deed ("PSD").
Under the principal terms of the PSD, the Group will pay to the Seller an amount equivalent to between 8% and 11% of total net profits (after costs, taxes and other applicable deductions)'

No one is robbing any one.....Justice will prevail.

https://www.soundenergyplc.com/investors/regulatory-news-rns/rns-announcement/?rid=3971708

https://www.proactiveinvestors.co.uk/companies/news/979244/sound-energy-walks-away-from-angus-energy-deal-979244.html

March 2020 CHAR were 1.40p....currently trading at 22.29p....CENKOS have given them a Target of 51p.......(and CHAR have the same partner as SOU have)

The 50% increase was estimated..

I see that CHAR have re-assest their gas volumes.....by 50%

https://www.londonstockexchange.com/news-article/CHAR/post-well-analysis-on-discovery-at-anchois-2-well/15391713

placing?....they'll have go through $18m first.....by then the sP will not be where it is today.

Sound Energy confirms that it has previously made indicative proposals to Angus regarding a potential all-share combination (the "Potential Combination"). The board of directors of Angus (the "Angus Board") unequivocally rejected the indicative proposals.

Definition of 'Unequivocally,',,,'leaves no doubt'.

17 March 2022

Angus Energy Plc

This looks like a dead horse...SOU can't afford this.

("Angus Energy", "Angus" or the "Company")

Saltfleetby Planning Permission

Angus Energy plc (AIM: ANGS) is pleased to announce that Lincolnshire County Council has granted permission for its application to reconfigure the layout of the Saltfleetby B Site originally envisaged and permitted by the extant planning permission N/158/00804/20 which was announced by RNS on 12 June 2020 and thereby completing the local authority permissions required for Saltfleetby to achieve first gas.

'Why hasn't it been put to bed yet...'

It's the target that ALL new bidders must surpass. ANGS will keep SOU on a string until the final outcome. The final valuation given by a bidder can only benefit ANGS with any future fundraising. As stated by all concerned...'there's no guarantee that the deal will go through'

Angs shareholders will also have to vote...and the consensus is that they'll throw it out.

Some media coverage..

https://www.moroccoworldnews.com/2022/03/347671/maghreb-europe-pipeline-sound-energy-onhym-sign-interconnection-agreement

As you say...by keeping SOU in tow...gives the other potential buyers....a target to emulate or surpass.....sounds logical.

'It's a seemingly pointless extension as far as anything to do with SOU and any possible actual bid is concerned IMV.'

If this is pointless..why are ANGS still in negotiations, continuing with the sale offer...why not just pull the plug?