Member Info for Spencerhughes100

Has there been some news somewhere

I must have missed something l have read it as a loan vasility there if we need to draw on it at a cost of 50.000 grand

Which the way as I look at it is if Mamagem do a calvalley we have enough money to get first gas on the lng project. And as I remember SPAngel valued us alone at 7.6 p

From what I have looked into Managem they are we done it yesterday type of company so I still believe end of September. They are well funded and want the profit yesterday.

We all know as soon as management would try and pull that stunt it would signal that sound is worth a lot lot more than it's share value

Revenue,,If we start selling gas in January and the Lorries do their job how long does Sound have to Waite for is money

My opinion is that Managem is a large company and they have resources to do projects properly. We all know that Sound has been hamstrung because it has no money. In effect w e don it all on the cheap which will ways be slow and fiddly. In Mamagems own words this is to them a medium size project so funding is not a problem, This company has 5000 employees they have or can afford to hire what they need now and that is how they will make us money . We have been used to delays , Managem will project manage to max profit and hit dead lines or people will lose their jobs Welcome to the big time I recon now things like the September dead line for signing can be believed I also recon that we are excited that we get a two drill carry here if this Co now.gets a good hit on an area the they will be sinking ten or twenty wells their thinking and profit margins are 10s of million So 4:5 p a share will be loony cheap in years to come

Do we just participate In a more valuable piece of land or do we a get a slice of the revenue?

I’m still getting my head round the 20% and ownershi

So another simple question. How does Sound benefit if Managem over the next two years build 5 new successful well ?

Again it may be a silly question , we have chunks of sound 20% here 27% there . Now this chunk 20% Tendrara, so does that mean that 20% of what comes out is ours or only 20% of todays value is ours.in that if that area produces 50% more than we thought that is reflected in our % or not

Drill 3 4 5 6 down the road. Silly question does Sound. Get any profit from them?

Will the pay outs be quarterly. Yearly or monthly all these are future factor

One quick question when the pipe line is completed and the LNG is flowing when will be paid out 27%/20% cut and is that cut gross is it tax paid . Is it net payment once their costs are out or do we get cut and the pay our potion of costs

Is there a live feed

Where can you see this report

I con only leave short messages at the moment this programme keeps cutting me off. Managem have money and project managers and 5000 staff who c@n only be paid out of profit.

Yes we have a small seat at the table but in 2 years we will be getting our income for nothing

I have done some digging on Managem on and in their eyes we are a medium size investment and they have no intention of waiting around for years for a return on their investmemt Things will move now

Trying to get my head round what are we now what’s left of sound

So first have we been bought out but are we still partners !

These two drills we have been given will they be 100% sound money profit or is it we just chose two site to drill.

The area where we now hold a minority holding do we have any say/control

Is there any thing left which is ours in Morocco

I have reread the messages from them and us and even thought you know this was not the best proffered deal on the table it was the most positive. We have been given a time scale and production targets. Management sounds like it’s going to do what it says and yes it has no gas exp but we do

Am I getting this right So this deal for the pipe line and some of the oil fields but not the lng plant that’s still separate!

So why is this deal ugly !