Member Info for testpack3

aka digbethdave ( if u know Brum). You put your money in mysquare.lol. At least we have a chance of getting a return, albeit 25% on the next drill. You, unfortunately will go home with zilch. The lesson for all of us, is MYSQ founder and former CEO had 'previous', and a leopard can.t change it's spots, rather like silkster, who will always be an idiot. lol eh.

posters who find it difficult to understand the vitriol on board are devoid of intelligence. most posters have lost considerable amounts of cash, either on paper or real, and it is a well known remedy to 'get things in the open, and off one's chest'. crudes analogy to a 'bloody' fox hunt is incredulous, and shows his true colours. Fox hunting was legally banned in this country many years ago crude for your information, and, yes, Parsons is seen as 'dispicable' by some/many on here, but I have yet to read of a poster baying for his blood, or were you back in rampfest mode crude.?
Parsons is now a binary play. He is either a v.g con artist, or, as I believe, a naive accountant who got carried away with the probable hype from the Italians on the geology of Tendrara, and a possible 'giant inter-connected gas field of 100tcf' The ramping was certainly toned down some months ago, but he could not help himself, and only a few weeks ago reverted to norm with the 'veyron' zone, and the Churchillian type speech.
A post earlier said that now the sp is below Parsons share options price, it's good news for us SH, since the TP will not be selling!! How stupid is that? I sincerely hope Parsons makes £M's not tens of 1000's, from his TP since we will all make money then.
There were plenty of red flags,mine was when BM told me by e-mail he was joking when he said 'not enough' when asked how many Golden Tickets' he had. I should have de-risked big time then. Most posters will remember pivotal times when they should have de-risked, probably, notably, the TP announcement.
We all hope that one or two of the remaining drills will hit highly commercial gas, and save us. IMO, this will be lucky for all concerned, including Parsons.
GSA delay, SM farm out no news, with 'many interested parties, that have been whittled down to a few'?? It's jam tomorrow, which we have had from too many crooked AIM CEO's. We had better hope he's just a very naughty naive guy. GL to all

now is SM.

Below is pasted from rns of 5 June '18

'On 30 November 2017 the Company announced its initial volume estimates of the exploration potential of Sidi Moktar, following an independent preliminary technical evaluation (the "Sidi Moktar Study"). The Sidi Moktar Study mapped a portfolio of 28 Liassic, Triassic and Paleozoic leads in a variety of hydrocarbon trap types across the Sidi Moktar Onshore permit areas and highlighted an exploration potential best case of 8.9 Tcf with a high of 11.2 Tcf and a low case of 6.7 Tcf, unrisked gas originally in place (gross). In addition, Sidi Moktar contains an existing gas discovery in the Lower Liassic (Kechoula) and is located close to existing infrastructure and gas demand, including the large-scale Moroccan state owned OCP Phosphate plant. '
'Following receipt of the Ministerial Approval, completion of the above technical work and recent significant inbound third party interest, the Company has initiated a formal farm out process with the objective of funding the forward 2018 work programme at Sidi Moktar, whilst retaining operatorship.'

Below pasted from 11 Oct '18 rns;
'Southern Morocco

As announced on 5 June 2018 the Company initiated a farm out process for the Sidi Moktar onshore licence with the objective of funding the forward work programme whilst retaining operatorship and has subsequently shared technical data with multiple potentially interested parties. As a result of this the Company is now in discussion with a few remaining parties and will update the market in due course.

As most on here will know I have been a critic of JP and his rampings, and his stooge, crude. We are led to believe that the SM estimates are 'independent' verified, and must represent some return for us. No-one is going to pay a $B for a farm in, no matter how good the prospect looks. I am led to assume, again, that delays in awarding contract may be timescales involved. The SM PA allows for up to 2,5 yrs for initial seismics to be shot and a well drilled.Obviously not within the LE timescales. However, I, and I believe other PI's, in the event that TE10 and 11 are sub-commercial, would be willing to wait a further 2 years to fully maximise SM's potential. In the meantime, instead of selling the company, JP, BM can LE themselves,, and a new leader, raise some cash, re-enter old wells and maximise what we have. Obviously if 10 and/ or 11 are extremely commercial, I will have many apologies to hand out, which I would not shirk, and would much prefer the latter option to the former.

Owing to previous commitment was unable to log-on to event. Have read through posts, and thnx to those who reported. Were any Q's raised and answered on the farmout at SM ? With the alleged '10 interested parties' would have seemed logical to have a bidding war for it?

Cont.
at the behest of CI and Luca, we went into N Africa. At the time, consensus was we paid too much to PM for Sidi. Jury is still out on this, and what the hell is CEO doing now to farm out. GSA, promised looong ago, but 'he ' is not worried, everyone else is , but not him. He is a great bull sh+++er., and one of the few, along with crude, to make money out of this shambles.

The signs were there that this drill was not going to be a gusher. But more of that later. The CEO is an accountant who has worked in the OnG industry, but, he is an accountant. Crude (bless) says this is not the time for recrimination!! Who is he going to 'have a go at', not his mentor, the special one, or his choice of Expl. Dir., BM. I was suspicious of BM when I asked him by mail how many shares he held ( this was before he was made a Director) after his response at an event when he said he 'didn't own enough. He told me he held zero shares, and he thought that his reply was seen as a joke. BM I believe was made redundant from RDS, following their TO of BG for whom BM worked. It has always been RDS policy in event of job duplication in MnA that the best qualified stays. Says it all. TE9 was seen as the best site following extensive seismics etc, and is probably a greater disaster than at first sight, since as Exploration said a few weeks ago,, NOT finding gas would be unbelievable. BM should resign or be sacked, Other disciples, a lot of them strangely silent today, have been ramping even though all the signs were there that all was not well. Where is the GSA from our ' fantastic negotiator '. Why did our 'supreme' leader not go for a defined time line tender for the farm out at Sidi, with the ' many interested parties'. These same gullibles even now believe JP will drop a RNS with the GSA and/or Sidi farmee to lessen the pain of TE9. I will make a prediction, they will be in a 12-18 month time scale. A few idiots have said this morning, and in previous days, there could not have been a leak since the volumes were 'small'. Firstly, the CEO is selling, THE CI has been selling for some time, few Directors have shares, but more importantly, the site staff know before anyone what the result is going to be. Coded messages to relatives and friends over the past few weeks have undoubtedly happened, and the daily volumes have been in the low millions, well above the previous months trend. This for me was the biggest sign that the drill had problems,and I did sell in the mid 30's, but still kept lots 'in hope'. There are many posters on here who still think that because of The Horst find, and JP's £1.50ptcf ( more according to crude since the OGIF deal), that the sp is underpinned at something around 50p. Now it's not only me who is saying this is nonsense, it's the Market. I have said, and given figures and reasons, what I believe the 'reality' figure to be. The precise figure depends on the GSA, but is below 20p ps. Some of you will remember the figure I put on the tcf value. Let us remember what this CEO has done. He took us out of Indonesia, where we had an oil find, to Italy, where he sold the company for about a half pence a share, and the buyer of the company, and JP is also a Director, is returning to Indonesia. Lol. at the

Crude. What do you mean you derisked at 89p. You told this BB that you HAD to sell to pay off your mortgage. Why am I thinking of Janus.lol

Engineer. lol. Maybe a sewer engineer with what emanates from your mouth. Certainly not a degree since that would require English language at 'O' level or equivalent. And if you had such an 'O' level you would have been taught, regardless of peer pressure from your neighbourhood, that it is ' should have, would have etc;, not should of.' Engineer. lol

Let's hope those large sells weren't as a result of some Chinese whispers from the site. Don't get yr knickers in a twist crude, it does happen you know. Not that they would be expecting gas shows, but hole conditions, Viz a Viz TE8.

Yr post.
' mr Parsons can't let us know if he has had discussions or not, so he can't reply in any other way can he? if you don't realise that you are a bit thick testpack'

So idiot, he can tell us that hes had offers for the company but he cant tell us he has interested parties. duh.

The problem with people like you and other disciples is that you are like Trump supporters. I doubt if any of you can hold a job down which requires self thought. lol

Hi bobsnest. Maybe if you read my post again you will see that I was alluding to the statement JP made at the QA session as reported by crude. He said, I quote, I think there will be a lot of interest, etc. The point I was making, and I don't think it that was difficult to comprehend, was that I, along with others, thought that JP was already in discussion with majors. With a line such as ' I think we will have interest', appears to have scotched that. Not difficult is it really. Btw. The rest of the Muppet disciples still haven't answered a question, just resort to the usual tactic of personal abuse on my handle. Lol if they had a modicum of intelligence they would have ( if DB is reading, read would of) understood the point I was making. Crude understood, and then defended his mentor by rambling on about licences and that's what JP was on about in his soundbite. But when I talk about crude, I don't have to stick my finger up his rectum and whistle Dixie. Lol

Re: crudes post. quoting JP from the Q&A. " I think it will be highly attractive "etc. JP has given me the distinct impression that there are majors interested in buying us, and has said many times he could sell the co. now. Now he's saying he thinks it will be highly attractive. Were you all so boozed up nobody picked up on this

Apologies. Was 2 years ago.

3 years ago I won a comp. with the biggest %age gainer, ( SOU), coupled with s 95% loss of ano. share. He was deramping SOU even then. The prize was a meal with him. I asked the venue to be the Shard for obvious reasons. He declined, and said it was to be at a Pizza place!! His. I told him to eff off I occasionally mail him about his ramps, and one in particular, Fox Marble, a buy for him at 22p, and struggling at 50 % down. He is a NUNO.

Where is the RNS stating we have spud. I know crude said yesterday that it was spud, but he wouldn't know if it was drilling or if they were testing the drill! And there are more investors in sou who do not post on this board. Yesterdays RNS was an intention to drill. Not very professional.

We were told there were , 10 I believe, interested parties in the farm out at SM. Why didn't the company go down the route of a bidding process with a defined time line? Is one of the interested parties C4.

I like the idea that C4 may be company 4. Sound, Coro, Echo and now number 4.

Wanger. A slight error in yr post. You have methane listed twice. C4 would be butane.

Natural gas is also known as methane, the lowest hydrocarbon, one with only one C atom is CH4. We then have ethane, propane and butane ( C4H10), pentane, hexane etc. Lesson over.

Tapper 2. Hydrocarbons are a combination of Carbon, C, and Hydrogen, H2. There is a distinct lack of H in C4. , Methane is CH4. On another point. it was interesting in JP' s reply regards the above that he said when he leaves Sound, not when Sound is sold. Lol