Member Info for Soobirs

Yep, I've written off my investment already , so will see it out to the bitter end.

Exciting times, it was going to be 40p on the shareprice.....

The market cap is irrelevant, it's the value of the gas discovered that is the key number.

I wouldn't want to take dilution for anything other than the bond. The other issues can be financed in other ways.

I agree that Tax issue prevents new investment. That's why I think it has been used to wreck this process. Personally, I would rather have half of something than 100% of nothing. The only way to achieve that is to go back to us shareholders.

GL must be looking at other ways to finance the bond debt. With a clear plan to first gas, the refinancing would normally be possible.
I strongly suspect the tax issue has been used as a wrecker on the refinancing.
That is why I'd rather he went back to us shareholders for a cash call, dilution or not.

Excellent stream of cliches, bravo. Of course the proof of the pudding will be in the eating .....

Only the drill result will move this significantly up or down now. Hold on tight.

GLA

Yes, Graham seems confident on the bond restructure.

I'm not sure a 'mini high' is accurate. Also, no mention of the bond, which seems odd.

I didn't claim to be in my right mind. Not after 10 years in this share.

Personally, I wouldn't mind a placing to clear the bond. They could even throw some warrants in ...

Is it the same Dr John who sang,

'I been in the right place,
But it must have been the wrong time'?

Yeah, but someone traded some shares today, so that must mean it's a duster.

The best thig is that it doesn't matter in the slightest.

If it's a huge oil strike, it'll 100% be a big, big multi-bag. The drill bit is turning.

GLA

Good money after bad , in my view, but each to their own.

Joe,

' today's announcement of a proposed leasing structure, which when combined with the financing proposed to be provided by the Gas Offtaker, would secure the balance of funding required by Sound Energy for the Phase 1 Development'

Just the usual sell on news.

They should have built a war chest when the SP was 60p or above. They could have raised 70 million easily. They then could have developed the Horst in parallel with further exploration. It didn't need to be an all or nothing play.