Member Info for SoundasaPound1

There is an LNG plant in the making with various components being manufactured and shipped to site as we chat.

All groundwork including massive reinforced foundations have already been constructed for this.

The Phase 1 project is happening and will be producing gas in 2024 to the tune of 10 million dollars per annum.

Phase 2 - is still be agreed/signed off, but sound are pushing forward and with positive news on this bigger project the company will be transformed.

GLA - exciting times ahead

Seems an odd assumption that this company is going to go bust?

I think I will wait for some factual news to land here (hopefully quite soon) before making any assumptions or jumping to any predictions about what the company will be or the what the SP may or may not do.

This BB is a painful to read right now so looking forward to only commenting when some tangible news lands.

Also crossing my digits that one or two others will do the same.

GLA 'investors'

There are only about 11 weeks left of 2023.

It's possible that by Christmas we will receive confirmation of this deal with Calvalley being agreed which would mean we are fully funded for the Phase 2 project with the bonus of a drill programme in place for TE4 which I think would likely happen in 2024.

Regardless of the above, we should expect to be receiving revenues from Phase 1 production in 2024 and with a good forthcoming RNS we may just have more accurate timelines for this actually happening.

If the initial drill at TE-4 were to be successful (I think 36% chance from SE summary) then I think this would give our new partner incentive to back another drill and the share price could really gain traction.

If no success then with this drill bit then we still have Phase 2 revenues to look forward here to in late 25/26 (with the deal across the line)

Most of this would likely materialise or be mapped out in 2024 which would give long suffering shareholders a far more rosy outlook moving forward and plenty of potential to build on the current deflated SP.

GLA

Not much fun on here today...:(

Bring on the sunnier days that await Sound Energy and its investors :)

Regards

GLA

Excellent summary Fernan10.

So I am to understanding correctly that should we receive news of the Calvalley deal being across the line ('this quarter' as Graham mentions in interview this week) and with the collection of the US$ of 8 million back costs collected - Sound would be fully funded for 2024 should Phase 1 production slip to that extent?

St Mary, - I'm similar, but in some ways a mere fledgling by comparison with a meagre 7 years of time on the board.

I keep lowering my get out average in my mind (as expectations reduce), but I would like it to be higher than 2.5p per share to make a shilling or two of profit before I bail. Not my best investment at this stage but will give this two more years and if no marked difference in SP then I'll sell .

I do have faith in GL and the team though, it would just be nice to see this SP elevate to 3p

GLA investors

Personally, I am ok to sit tight (without bleating) for a few more months if Graham can deliver here.

If not, then I will just sell up and move on, but I believe we will all find out in 2023.

I wish all investors well with this share.

FID for the pipeline project requires all funding in place.

Attijariwafa bank will provide the bulk with the debt financing, the remainder ‘equity side’ need to be in place from Calvalley.

FID can be taken after Calvalley closes and Attijariwafa bank is satisfied all CPs are completed.

CPs will include GSA modifications with ONEE, selection of EPC contractor and suitable contract in place.

Some of the above will include Ministerial approvals.

2023 year end is the Sound Energy target date for all this to happen.

Sound Energy will see revenues from LNG in 2024

With Phase 2 approvals in place - pipeline revenues will be seen 24- 30 months after FID.

GLA investors

In last Interview - Graham suggested significant news update for shareholders in Autumn.

Last day of Autumn is 30th November.

Can news be delivered on time and within this timeframe I wonder + I am also wondering and worried what the SP could be by end of this period??!

Transformational news is required here ASAP

I need 2.5p per share just to break even here.

I would like to think we can get back to that + maybe a little more in the next couple of years or so?

GLA - (ignore my bleating's, just very tired of waiting)

GLA - my glass is still half full with this stock

Another day, another disgruntled investor.

I really look forward to positive posts if/when we get good news.

Maybe even a change in sentiment on this forum? :)

Using my maths I make it the 28th July to the end of the 45 day exclusivity period for the farm in partner.

I wonder if SE can actually make this deadline on time?

It would be very nice if this deadline is actually met and will hopefully help to be the catalyst for a more positive and confident long term outlook for shareholders and future investors.

GLA - interesting times ahead I think

As the great orange tanned David Dickenson would say;

1.4p??!! - 'Cheap as chips' .....this share could be a real 'Bobby-Dazzler' one day.

GLA

Unlike many on this BB I am pleased with the way this company is being transformed.

Graham and the team have already delivered on many things (as promised). Admittedly timescales have slipped, been missed, sometimes hugely delayed - cant argue that!!

But, Graham has restructured things and will create a revenue generating company for many years to come with the farm in and Phase 2 deal completed.

Personally - I really like the sound of £65 million net profit to sound for 10+ years or more with any further exploration upside added on.

Investors will probably have to wait 2-3 years to fully see this though, but this is now highly likely to happen as opposed to the company going bust.

GLA investors

Very clever!

That's such a detailed and great summary.

Many thanks Fernan.

I totally agree!!

Its transformational news and now highly likely that sound will become a big revenue generator for many years to come.

Well done Graham and the team.

Tax issue sorted

Phase 1 project to produce gas in 2024

Phase 2 - Pipeline funding and government backing.

Hopefully people (even previous sceptics) will now believe this company has a far big future as a producer and an explorer than it ever has.

It will interesting to see if sentiment has now finally switched to one of positivity moving forward?!

Excellent positive news!!

Its another indication that Graham and the team are all working incredibly hard and in the interests of shareholders to progress this company to be a producer/development and exploration company.

Also hoping that this is now the first of several positive RNS's to come in 2023?!!

GLA investors

Good luck with that?!!

No one here knows exactly when news will land.

Most deadlines have overrun for sure, but we are now in another extended period so it's no wonder investors are keen to hear news prior.