Member Info for Soundingoff

L2 is irrelevant right now to be honest Eric. We're going where we're told at the moment.

Agreed trellis, and I would like to know how the decision was made between the parties.

We 100% need answers to quite a few very serious questions. Full stop, no ducking of questions.

However, unless I've missed someone else stating it, we need to bear in mind that this drilling and work has been performed in partnership with ONHYM and Schlumberger. They have validated our work and vice versa. Whilst the exploration 'buck' stops with BM, to suggest single party incompetence is not correct.

What system do you use for L2?

Quite a few of the days the A trades were almost exclusively ALGO denoted per the London Stock Exchange.

Exploration- Do you know of any current licenses that could be in the running besides Sidi?

bobsnest- I have been checking the data from the Stock Exchange. I'm not really interested in the ordinary trades, which as you state can be inaccurate. I am talking about A trades which are obviously correctly designated as buys/sells. The assertions is that the majority of the volume during the period is selling. However, if you review the data you will see that that is entirely incorrect. Most of the A trades are also ALGO denoted with the Stock Exchange. It is well known that algorithm trading has been used in the past to move share prices with the minimum use of stock.

I am asking Fellrunner for her analysis and views as she has stated she is an experienced trader, dealing with both proprietary and flow trading. I would also assume she has knowledge of algorithm trading systems.

I have two issues right now. One is the apparent failure of the seismic, for which I am awaiting information from our Board. The other is the share price movements we have seen. I maintain, based on facts that we have been manipulated by algorithm trading rather than selling. The share data supports this.

Neptunes- Sorry I'm not sure what you're suggesting we do? I'm just asking an answer to a pretty easy question for Fellrunner to answer.

Fellrunner- You essentially keep posting that all A trades whether denoted as buys or sells are actually sells. The stats state 17m sells vs 12m buys yesterday as opposed to you stating that essentially all trades are sells, which you have done on a number of occasions.

Given your job, you post from the inside with respect of share dealing. You may have missed that I asked if you could provide the trading data split by regular ordinary trades, A trades and ALGO trades over this questionable period.

Thanks in advance.

If he were selling, it would be at a 25% loss on the price he paid just 7 or so weeks ago. Unlikely I think.

Shaun- I emailed James about 10 minutes after the RNS giving my view that I felt a conference call would be more appropriate. He replied by return and advised a decision would be made about which format would be used and we would be updated in a few days.

A big blow to the proving of our seismic modelling. I'd hope we get an fsc or conference call arranged very shortly. A conference call would be my preference if anyone is listening.

Agreed Riddlers. No RNS this morning and the chances of success rise for me. With the new reporting structure, I would have expected bad news asap. Although there are a number of variations, so it's not clear-cut.

I really don't think the TAGI is irrelevant to the SP here. The Palaeozoic is a bonus for me right now. TE9 is (at least externally) first and foremost a drill targeting the TAGI for outright success.

The TAGI will settle us and allow us freedom to move forward. We have been told we need to validate the TAGI outside of the TE5 horst. It would also greatly derisk the 'string of pearls' and the TAGI seismic overall.

There are many iterations for TE9 and each one means something different for us.

It's an interesting observation. The last video we have is very close timing wise to the entry into the TAGI. As you state those are two plausible explanations, along with maybe the webcam broke and everyone is too busy with TE9 to worry...

Fellrunner- Clearly you are in the know on these topics, which is an interesting revelation in itself. However your purported sell volume of 20m does not correlate even slightly with LSE reported volumes in relation to trading and specifically ALGO trades. This reduction in the SP has on the face of it been generated from very little imbalance in buy vs sell volumes. So to continue the discussion, it would be useful to see a summary of buys/sells from ordinary trading, A trades and ALGO A trades. I'm guessing that'd be pretty easy for you to pull off your systems?

So far today, pretty much every trade settled by broker has been a buy. It looks look holders have made their mind up now and we have a few speculators/holders adding more.

Why ddboy? We all know that with regard to the logs, no news is good news. More testing = a better chance of good news.

We get it fellrunner, you're not happy about the GSA. Or at least that's what you suggest, because no one can trust what you write. There's no need for you to continually make the same point but you do. And each time it reduces the value of that post and you as a poster.

We all know the TE5 horst has value and that the gas is saleable. Morocco are more than likely to buy the gas for a myriad of reasons. If not Europe will, and that's fairly obvious. Without a GSA, a small discount would be applied for risk purposes, but that's as far as it goes. And you seem to have conveniently forgotten about the Enegas consortium and their offer:

https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2018/june/sound-energy-signs-feed-contract-with-enagas-consortium/

Urraca- I would recommend you look over those trading days on the London Stock Exchange. Off-book (normal PI buys/sells) were heavily stack in favour of buys. Almost all the A trade volume was Algorithm (trading software) driven. That data suggests, pretty clearly that there hasn't been any selling of sufficient quantity to cause the drop.

TE10 has been confirmed as having the same COS as TE9.

There hasn't been any relentless selling. Almost all the A trades over the last few trading periods are denoted by the London Stock Exchange as Algorithm trading system based. Off book buys have been multiples of sells.