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A deal is about to be announced IMHO.

Another excellent days trading with the SP rising 15% on a good share volume of 23million.
A nice positive update from management has reassured me today and reminded me of the potential here.
No doubt some have been encouraged to buy some more and average down.
I suspect that the SP will slip back over the next couple of days before making further gains and maybe breaking 2p.
Of course, Graham has reminded us that significant news maybe imminent.
If a positive RNS, on either the tax issue or the Farm In, lands soon, the SP will rocket. IMHO

Yes Joe, still very cheap. An SP of 0.02pps still only capitalises the business at £42m.
There is a long way to go with this share and those that realise it are in fear of missing out, and are now jumping on the bandwagon before the SP shoots up.
Let us hope that we get good news about the Farm In soon.

That was a mnice little increase in SP today.
12.5million shares traded, which is absolutely nothing compared to the number in issue, generated an 18.5% increase in SP.
Now that just shows how tightly these shares are held, surely?
Would anyone like to attempt a chartist analysis?
We have seen a pretty steady SP decline since April last year and now, suddenly two new peaks since the start of the year, SP up 50+ with no RNS news.
Answers please on a postcard

The Monday, 12th Dec 2022 RNS stated:-
'Following strong levels of interest in the Process from a wide range of credible and well-funded parties, the Company has now received quantified non-binding indications of interest in the Process from several parties and, following review, the Company intends to engage in more detail with the relevant parties. Further announcements will be made, as appropriate, in due course'
I think that an annoucement of a Farm Out partner agreement is behind the recent SP rise and Monday morning may well start with a punchy RNS on the subject.

The absense of any substantial news or RNS makes me cautious.
The articles are great coverage and very welcome, but there is nothing new in the content.
Is it just sentiment that has increased the SP from just 0.9p 48 hours ago is it something else?
Let us hope that this is not just a cynical manipulation before an equity issue to raise funds.
Watch out Monday!!

I share your positivity Hasiba about the SP being at its floor.
Capitalisation of just £17.10 million this morning confirms it. Just what is a fair valuation for a business with such enormous potential, sitting on such huge underground reserves?
There are 2 unresolved downside issues. 1 A dilutive fundraising and 2 the Moroccan Tax issue.
Both are, I believe priced in at this level, and the share for me is a strong buy.

Yes, a nice little article i-man, well found and thanks for flagging it.
I particularly like the following extract, not that we haven't heard it before, but it does serve to remind us just what the potential is here.
Lyon says:-
'Sound Energy's annual production of natural gas destined for the industrial sector will amount to 100 million cubic meters, and it is expected to start selling it during the first three months of 2024, while the production of gas for electric power will reach 300 million cubic meters annually, which will be acquired by the National Office of Electricity and Drinking Water which is linked o the company by a 10-year contract.

However, these quantities are very far from the expectations regarding the reserves of the fields supervised by “Sound Energy” in Morocco, amounting to 20 trillion cubic feet, a large part of which remained unexploited despite its previously discovered, due to the failure to initiate projects to develop those fields and the lack of a plan to connect them to the gas pipeline of European Maghreb.'

It is good to see that all acreage is retained and that ONHYM are supporting Sound, indeed ONHYM’s support to the ongoing licence ownership taxation clarification issues will be essential.

So I guess we can see what side ONHYM are on. The extension of all licences should help in removing one area of concern for the bidders to join Sound in Exploration and Tendrara development.

Below 1p Sound is genuinely cheap, bit by bit, building block by building block the management team are delivering the goods and in Morocco it’s worth the while.

Yes Del77, they are very unusual transactions and grouped together after the market has closed.
What is that all about?
Are they a positive sign or just transfers between accounts?
Difficult to tell because they are all at mid-point.
No affect on the SP so I should imagine transfers.

It is highly encouraging that Sound are in a position to announce the detail and significance of these ‘expressions of interest’, they seem pretty much like offers to me and I would guess that the company is at present optimising the deal now between bidders.

As for selecting the EPC contractor consortium, possibly Sound maybe looking at using the vendor financing route they chose for mLNG – so it looks like Sound is well on way to getting the pipeline project well and truly funded. Couple that with the Bank debt and the outlook is getting more exciting all the time and Chairman Graham Lyon deserves lauding for his perseverance, determination and diligent handling of the project.

Good solid progress and better positioning of the contractual side of things to maximise returns.
On the strength of that I have just bought another 200,000 shares at 1.09p

Yes, it was a good positive and encouraging update.
On the strength of that I have just bought anothewr 100,000 shares this morning at 1.03p but it will show as a sale because the spread is 10%, 1.00p to 1.10p. Why classify a buy as a sale when volumes are so small? Why not close the spread and show each transaction for what they are? Misleading otherwise.

That is a good update, nothing wrong there, just needs time to see things through.
Meanwhile gas prices remain high and gas demand strong.
Market forces will tell in the end, they want our gas, someone once said that 'we are pushing at an open door'.

Brilliant, keep em coming

I agree with StMary, there is little point in a Q & A session with out new news.
I would guess that the Q & A was timed to coincide with an RNS. Leaving it until Monday is cutting things a bit fine but hopefully there will be one.

This management has just sold us out for job opportunities in the combined operation. They don't care about shareholder value, they only care about continuing their own private gravy train for another few months. They have no stake in SDX and nothing to lose by sellin g out the shareholders. It is absolutely criminal what they have done to this business, they are just leaches IMHO.

SP Angel says
'We anticipate the Phase 2 project will secure financing (a mix of bank, mezzanine and vendor) and the JV partners will
announce a Final Investment Decision (FID) in 4Q22.'
'Our updated Sum-Of-The-Parts (SOTP) valuation of Sound Energy estimates a Core Target Price
of 8.2p/share (~£142m mkt cap.), demonstrating that the Company currently trades at a deep
70% discount to our risked NAV'
To be ready for FID in Q4, would it not be reasonable for the appointment of a Lead Bank to be announced very soon, maybe this coming week!!
If so, I would expect that 70% discount to narrow to 30-40%, wouldn't you?
What is that? - 5.0p/share (~£86m mkt cap.)
No wonder that the SP has risen lately and there has been so much trading volume.

Financing for Phase 2 pipeline development, say end of May?
Followed by Phase 2 FID, say October
Phase 1 First LNG delivery, by year end 2023
Further infrastructure led exploration drilling to unlock additional gas resources possibly 2022?

I think that the LTIP is a good thing for investors. Of course Graham and his team are going to position themselves to enjoy the bounty that is heading our way. To me, this just confirms management's belief in the future of Sound Energy and the impending increase in the capitalisation value of the company. If they truely didn't have faith, they would rely on their salaries and cash bonus payments only. Obviously management expect their to be a big increase in SP.