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"Sound Energy, the Moroccan focused upstream gas company, announces the conditional placing of new ordinary shares to raise US$3.0 million before costs (the "Placing"). The net proceeds of the Placing of approximately US$2.7 million will strengthen the Company's cash position whilst the Company continues to explore the marketing of its Eastern Morocco portfolio which is expected to conclude prior to the end of 2019." They have another 4 and a half months to conclude their marketing... if we to that timeline with no deal and no strategy going forward what a waste of time it's been.
I'm also in the same boat Yoghurt, what's changed since our last RNS in relation to information in the public domain? Echo Energy event yesterday.... a lot of investors joined ECHO as JP Joined them.... wouldn't be surprised if something was said but who knows...
Not sure where you got that deadline, but all information is on RNS's:
"Sound Energy, the Moroccan focused upstream gas company, announces the conditional placing of new ordinary shares to raise US$3.0 million before costs (the "Placing"). The net proceeds of the Placing of approximately US$2.7 million will strengthen the Company's cash position whilst the Company continues to explore the marketing of its Eastern Morocco portfolio which is expected to conclude prior to the end of 2019."
I want £1 as much as the next person, but if you think we could get £1 right now for our company/Tendara then i think this is far fetched.... only way we get £1 is if we go ahead and Drill TE11 and it's a success. If we were offered 50p right now i would bite your hand off.
James and Marko have a joint venture together that they setup last year, C4 Energy - Wonder what that was exactly for?
Where do you see JP on this chart he tweeted about in 2017? Although does he care, not with his salary...
https://twitter.com/Real_JParsons/status/885130715440046080
Cheers Zig... sorry don't read the board that often so didn't see the email response.
I don't see anything related to an asset sale or company sale being discussed at the FSC, it will just be used an opportunity to somewhat clean the air or make it more cloudy... I'm hoping i'm wrong and it's to discuss an offer being put to us PI's but cant see it personally.
They cant comment yet they just said it was an open period... so to me that suggests they haven't entered any negotiations as of yet. That's not to say any potential suitors hasn't viewed any data.
KTF - I personally don't think we have offers on the table as why could two people in management buy shares - Unless they also have a trading plan which is unlikely.
Hopefully this is sold in the Summer, as with the halt in drilling we have no upcoming news to look forward to, apart from a revised GSA.
I want maximum return on my investment like anyone else but i cant see this going anywhere near £1 let alone 50p based on selling Tendara....
Also have to remember that SOU setup a new CO in Feb this year to get ready for the sale process if we opt to only sell assets and not the whole company
There certainly isn't any chilled vibes.
PNE79, Stimulation can take up to 4 week, we've only just finishes un-stimulated last week/start of this week.
However come AGM we will have a better idea as we'll be in the middle time frame of Stimulation.
I also stand in the same boat as others, finish TE10 (Providing it's successful) and sell the company, no point in jeopardising our position with TE11.
so it's been roughly two weeks since they started unstimulated testing, they should be almost at the end and starting stimulated testing. Hopefully by the AGM next week they will have a lot of more data and hopefully an RNS with pre-elim results, here's hoping.
Why do people keep saying that he's delaying on purpose? He's not, it's just poor logistics. JP and the SOU team want to find out what they have on their hands sooner rather than later.
Thanks for posting that again.
On the 14th March, Brian said next week the equipment would of arrived... one month on we still don't know if it's got there.
Hopefully not too long till Unstimulated results.
We were told on the 2nd April that we're still waiting for equipment. so absolute best case it arrived a week later, then two weeks for testing looking at anywhere between 23-30th April for Results... not long now.
hold*