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Notwithstanding the various comments by posters re: failing timelines, and JP's stock answer that .deals will not be rushed, and getting the right deal is most important - well this was true when he made his timeline comments, so why mention timelines? Another case of excited ramping. And where are these 10 interested parties in the Sidi farm-in? One would have thought money was being discussed and that it would be too rich for some of the parties. A RNS stating that x number had left and x number were left. This is surely a case where a timeline can be given to the interested parties. Ie. bids for the farm-in will be accepted up to midnight on ?. Another case I'm afraid of JP in rampfest mode.. We are still waiting, after 3 years, for JP to tell us of the number of USA ii who came on board during his frequent holidays, sorry, business trips to NY. This is why the sp is suffering. And when the normal idiots on here hurl their abuse, can one of them tell me why it was a necessity for JP to sell any of his Golden Tickets?

Crude has lost his memory, - again- I quote. ' the company has been as clear has it can be on drilling, etc.'' Bull++++. . Dear crude, you were the one that informed us plebs that your Master could sell on seismics alone!!. Indeed, there are many posts alluding to a sale before drilling on this board now, all of course on JP's earlier, sorry, your diatribe. I fully expect a minimum of a fiver a share, but only on good drill results. Btw crude, still waiting for a reply on my 5th attempt with you on JP's disastrous foray into Italy which cost shareholders, at good buying levels, 90% plus. Hard isn't it. Lol

Crude. lol. Still blowing smoke rings then. You will believe anything. Still havnt answered my question about JP selling the Italian assets for a 90% + loss. . Dont mention Morocco since that asset was the Italian boys ticket, not JPs. I know its a struggle.for you, so why not ask JP. Im still hopeful of a fiver per share IF the drill talks , no, shouts.

The problem with JPrules post i8s that everything in the market says he(she) is totally wrong. Every week or so a company issues a rns in reply to press speculation, saying, yes or no that the company is doing x, y or z. If SOU was in negotiations with anyone, then it would be impossible to keep under wraps, since there would be mega inside buying from both camps. IMO there will be no offers unless we prove up reserves with the drill. JPs exuberance, influence and mega-ramping has obviously been curtailed by the Board, (good), and I cannot therefore blame JP for these shenanigans over delay in drilling, but it does leave me uneasy. What we need is someone with the balls and dynamism of the SDX CEO. Now he gets things done, and rather successfully too.

Why we are nail biting waiting for news from Norwich, I want to respond to Crude's statement that my 'friends' are Fatty, DM, etc. He knows this is a lie, since I have posted on this board,and been a large (ish) shareholder since 2013. I do not post negative comments on the company, only at JP, and Crudes sycophantic relationship with him. and then, only since he got above his station, as a penny pusher, to that of being a 'negotiator'. and sage of all things Gas. Crude mentioned this 'friendship' to alert the fairly new posters to take my posts with a pinch of salt. If Crude makes muppet comments, then he will be treated as a muppet.. Muppet, I'm still waiting for your answer on your thoughts of JP getting out of Indonesia, into Italy, then selling his Italian 'baby' for under a penny a share.? Might be an idea to have one of your chats and ask the man himself. Now to the 3 drill programme, Although JP did not state there would be no more drilling in your posted chat with him, almost everyone on this board inferred the LE would be seismic driven, and the majority of posts alluded to this, even from yourself Crude, who said it 'de-risks' the LE if we did no further drills. Also, there were many posters attempting to forecast a LE price using present P1 reserves of c 1/3 Tcf at 50p ps ( based on JP's �1.50 pTcf), and 10% of 31Tcf P3 ( on seismics, gradiometry etc) = 3 Tcf = �4.50 giving a total LE of a fiver. The overwhelming impression was that the drill was nhistory. So Kirk, don't give me your bull s***. Keep to what you are best at, being the mouthpiece of a mouthpiece. I'm sure there's a name for that. lol I hope the silence tonight has been JP asking attendees not to post until after the end of the presentation, which would be sound advice anyway. Pun intended

I a reply to 'moroccoknows', JP said , in relation to the 3 drill programme, 'it has been my stance for some time'. This is not the case. It hasn't been that long ago, since us PI's were informed by Crude, following a chat with his mentor, that the LE would be seismic driven with no further drilling. I was strongly against this since it would under sell the company if there is large amount of gas in the ground, and be contrary to the raison d'etre of a CEO, which is to maximise shareholder value. This denial of his change in road map is disconcerting. I have felt for some time now that his wings have been clipped, and he is no more now than the 'mouthpiece' of the company. I can live with this, but, IMO, the LE price will be in the hands of our corner stone investor. I hope their greed is as good (bad) as ours. Crude will be highly interested in this evenings event, with the answer to the question asking JP why he will be de-risking his +7m shares to 3.1m, nearly 60%.. This interest is because he said he will answer a question put to him by SWB250 yesterday. He ( Crude) wouldn't of course answer in his own style! He has failed to answer my questions put to him , one to highlight, 'what does he think of JP selling the Italian assets for a little over a halfpenny a share. HolyTrinity admitted he was influenced by the musings of Crude when investing in Sound Oil, and said he bought at 4p, 18p, 11p etc. Let's say he had an av price of 10p. JP lost him over 90% of his investment. Don't mention Morocco, since that was the Italians in our business who identified that opportunity. If you do not believe , ask JP. GLA

Why the drop today. Ex divi date is tomorrow, 13 April according to the YE Financial Report . That means today one can buy at 9p, get a 4p divi on 25 May, making net buying price 5p and still in line for another very decent divi when all investments capitalised, hopefully before YE. Appears to be a share to print money if bought today. AIMHO.

Orchy made an interesting comment, shortened to , objectors to GJ should not be niaive in thinking Dempsey was a straightforward play. I agree - however, it begs the question ' was GJ niaive' ?. I wrote to him 2 weeks ago. The gist was this. 1) Your experience in the business may have suggested the play might be tight in the lowest parts of the drill, and why did the compantynot apply for a frac permit at time of spud, or does Californian regs. not allow for this? 2) When frac permit is issued, what will be the site working hours? I send a reminder to him last Fri., and to date, have not had the courtesy of a reply or even an acknowledgement. My thoughts. The guy is out of his depth. A few days after 8th Dec. ANS, and the many questions it raised, GJ organised a Q & A session. This just raised more questions, and raised concerns on his abilty at basic maths, ( the gas output in mmcfd). The guy has a degree in geology, but is a NUNO in respect of running an international company. It also begs the question, ' is TK having any meaningful dialogue with GJ'? It may come good, SGC that is, but only because GJ is not in charge of the drilling rig. I wonder how often he's downing a few cold ones? Thankfully, EME have other irons in the fire.

It is difficult, nay, impossible to reconcile the last 2 rns's. It can only be inferred that either JG is a complete idiot, and has no controls in place, or that he lied in the October rns. Either way, with the debacle over the senior management appointments of 2 years ago, and the calamitous affect they had on the cos. performance, it is time for him to go. I urge shareholders to write to company and ask for explanations.

Late - again. we are ,( I am), expecting good news, especially after the disasters of early 2017, and the last upbeat rns from JG. Too many sells, and no insider buys suggests JG has lost the plot - pity. Will hold at a buy price of c 13.5p, but not happy with JG.

Should be getting a RNS within the next fortnight. Below is copied from last RNS; 'The Board of Directors and the Company's Manager continue to work to monetise all of the Company's remaining investments by 31 December 2017 however, should circumstances require the continuation of investments beyond 2017, the Board will make appropriate arrangements as required. Â The Board will announce any such arrangements before the end of 2017'.

Because some pi's have overreacted to news that was already expected, and BOD had already stated new Eu regs were unlikely to have much effect on their business model. A good opportunity to get in at under £8. Hopefully the SBB programme has been put on back burner, and normal divi payout of 60% (?) can continue.

Excellent post as always - thanks. I read earlier that a few posters expressed concern as to why the eme CEO did not add anything to the ANS released during ASX open hours yesterday, and just copied as a RNS here. It is my opinion that he saw it for what it was; a hurried, contrived Q n A session to attempt to answer the many unanswered left by the previous days ANS. It has still left many questions - GJ is a rather an amateur when it comes to IR, to be polite. A poster on hotcopper, ride, much lauded by a few posters here, went to some pain, to explain that SGC had already applied for permissions to frac prior to drilling. It appears that it not so. We all realise that exploration is not a science with definitive time-scales, however, GJ saying , and I paste; 'Planning for the reservoir stimulation work is already underway with an aim to undertake the work within the first quarter of 2018' I read this as SGC has only now applied for the necessary permits to frac,. With his 45 years 'experience', he can't be a little more specific on the time scale, or to what the end result may be. coop has stated that after a successful frac, the flow fate could be increased by a magnitude of a 100, to give 14mmscfd - very acceptable from these lower zones. Why couldn't GJ say this cf 'significant increase'- he's ramped enough in the past.? I suggest it's way outside of his vast experience! We may have a long wait for news from Dempsey- who knows - not GJ. Now what about Alvares. He says work will commence to test the well bore to evaluate the existing gas shows - early in 2018. What crap is this, Jan, Feb, Mar, April, May??? He contrives a Q n A session to answer Q's, and only succeeds in leaving more Q's unanswered. EME rises, SGC falls, of course EME has more assets. and our Oz investors realise EME has much better management.

I am doing the unforgivable in mentioning www. He (she) is a Nuno. Neither of use nor ornament. Read his (her) posts, if you want to waste your life,!, and come to the conclusion that (it) has a medical condition which forces a contrarian stance, inorder that it can say ' I was correct all along' if things go boobs up, and all you 'know all's ' were wrong and ridiculed me! If, however, the company sp multi bags, he's as happy as Larry ( or Loretta), with cash on the bank. Of course it holds shares here, and has done similar on the SOU bb. Devil's advocate comes to mind. Let's face it, most of us have been there, if only to find out what people really think. Best advice from Mr B - , ignore it. To matters at hand. This is a tight gas play, and is going to take time and loadsa money to extract commercial gas flows. Expect ramping from GJ before a ' cash needed' RNS. Every fund manager on this planet would sell their mother for a 20% ROACE. From the 11p base today, that's 28p sp in 5 years, compound. I'll guarantee that 95% of readers of this will want 28p in months? This only proves the majority of holders are OAP's, and death may circumvent 5 years. Lol😁 I do know a tried and tested method of coming out of the stock market with a £1M in the bank! You only have to ask. GL.

Looking for a minimum of 25% uplift in sp. Last year was 8 December, so only a few weeks to wait

I think the broker f'cast of$M230 for FY is a little light, however, for the purpose of this exercise I shall use it. Net profif is c 75% ( historical) of EBITDA, hence = $M172. 60% of NP is paid in divis. hence FY divi is $M103, less $M54 paid at interims, ( 27 in divis, 27 in Share BB programme). Hence divi to be paid is c$M50, or 44c ps or 34p, before IWT. However, in the Q3 report of today, it was specifically mentioned that although the SBB of $M27 announced previously, would still run 'til 1 Feb '18, and any amount unused would be returned to S/H as part of the divi policy. I read this as if no more SBB, then an additional $M27 will be added to divi which equates to a further 18p, giving a total of 52 p to be paid, and a total of 70p for full year ( less IWT). At �10 ps, this is still a 7% return. At these levels, PLUS is still a vg investment.

Must have been a very fine article to see the sp drop 15%. lol What's happened here, no rns's and the sp tanks! Fundamentals, and objectives still the same - I think a little top up, albeit on a CFD.

Hi louis007. What country are you in, and what do the compensation adverts specifically mention?

Didn't notice the red spot on the rns, AGM done and dusted. Idiot.

Thanks for the welcome note. With this 5% uplift today, may be a Chinese whisper is talking! with the AGM tomorrow. Most cos. rns a pre agm trading statement nowadays.