Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
thanks for confirming rocket rac....i have been eagerly awaiting the report
ddboy, predator is the next small fish to watch...main man griffiths knows his stuff, and will defo deliver some decent returns there.
shame he didn't manage funds very well...but then sound wouldn't be here today!
luckyman, from reading around, the coiled tubing is not required for unstimulated tests.
i'm guessing they want to do the stimulated and unstimulated tests back to back....hope it's nothing like the back to back drill programme though
Good morning to you all
Silence is fine - if they do not want to comment on the progress (or lack of) due to NOMAD restrictions or purely because there is nothing to comment on that is acceptable.
But where is the Edison report?
Afternoon all
Agree with a lot of posts that I have caught up and read over the weekend.
Pontcanna - do feel for you. I don't think it's right to assume that anyone who challenges the company reps - be it PJ or Lidell - is not a genuine investor.
On that assumption, anyone who believes this is going places probably hasn't got anything invested?
I have emailed Richard maybe thrice now, and no reply whatsoever. Once was when he was in Spinnaker opps and the other 2 times at sound.
Now, the thing that strikes me - this is a man who stated outright in public during an investor event at TE9: "...we've got our shareholders' backs..."
And he cannot even have the decency to respond to an email from an investor. Maybe we should take to his palatial gates with placards - we got your back....'mate'
This time next week, we should expect to hear something from someone at sound with regards to testing - if not, the masses who are invested need to descend onto the questions at sound energy address and ask just WTH is going on!!
fair enough crude - at the end of the day the only reason i am investing is to make a profit. Whether that's classified as investing or trading makes no different to me.
To be brutally honest - whether sound energy put morocco on the list of top gas exporters or not is of no concern to me whatsoever. That is not my job - that is the job of the employees - my concern is selfishly what gains I can make from investments/trading.
as for shaungreen - do you feel really proud pal, you got a couple of recommends from your most recent diatribe. There we go, everyone happy, shaungreen got some human company not to mention a little attention for the most recent episode of verbal defecation...total noob who needs to get a life and then get on with it....altohugh i have a feeling it may be hard for his/her shadow to put up with him/her. Moron!!
well well well - never thought i would, but i bought back in ;-)
Begrudingly sold at a serious loss here, but somehow managed to grab some of it back on GMS which has become stagnant now....got to stick to what you have some idea about, so ploughed back in yesterday.....not quite the 6 figures i originally had, but managed to get over 300k shares yesterday which is more than double my previous holding!
The end is nigh here - fingers crossed we all make some serious money here! see you at the balls brothers....great venue choice...seeing as I just got the balls to plough back in! good times
True daveyboy, but if you read the annual accounts packs for Schlum, this would not be the first failure schlum have been exposed to in this type of equity for services deal.
so in short, they do appear to have money to throw around
I think Parsons does need to step down
I have sold up all my holdings here, but something keeps bringing me back to have a look - can't just turn my back on it, and I will be totally gutted if TE10 and 11 are good drills. Lost too much money here, and having emails ignored by the sound team doesn't inspire confidence. my questions were not rocket science but probably quite intrusive and probing for things they do not want to discuss
if Parsons stepped down i would probably look to invest the remnants of my initial investment - otherwise, very expensive lesson learned about 2 things:
1) knowing when to take profit and not getting greedy
2) seeing through the total tripe spouted by someone like parsons when actions clearly speak louder than words
Maybe JP should try selling sound energy to an outfit in Whitianga, New Zealand.
Being on the other side of the world to Oudja, maybe he should talk down the failed wells then plug and re-drill...all that hot air and gas that has been coming out of him for so long is more commercial than the finds to date.
I'm out of this dog of a share - lost £k's here, and not a happy bunny at all. Finally taken the plunge after seeing 65% of my investment eroded and hit that sale button. Cannot and will not let my hard earned cash ride on the whims of sound.
I don't see Richard Liddell standing up to consoles shareholders either...thought he had shareholder's backs? Or was that the backs of the rich friends who were given the nod to sell last week when they knew what was discovered?!
Still think shareholders should vote for JP to be ousted - his strategy did not work/has not worked/probably won't work.
the former BP chief brought in needs to take the reins and deliver. not waiting for that though.
GLA, hope you don't lose all your money in this cesspit share
As sad as it may sound, JP needs to step down.
Granted, he took this from the brink of disaster to a momentary £1 - but he has brought it back down again, and pumped out some huge hype sausages along the way with some one liners and interviews that leave him looking like a real del boy.
The never ending 12 to 18 months
Could sell on seismic - when the supermajor world and his wife heard this they must have laughed. It's worth 10p in the £ on seismics alone!
Best technology being deployed - nope, that would have cost a lot more than what they negotiated. Cash was never the constraint, it was paid for using shares! So, if he was that good a negotiator, there would have been 3D seismic included as part of the 2D survey to really pinpoint pockets
Irrelevant entry prices
Hold onto your Golden tickets...cont (when he has put very little of his PERSONAL money on the line - look at director buys/deals/trades. He has built his stake for gratis using proceeds from option sales....we all might do the same I hear you scream, but just hear me out please)
cont...and Sit on your hands - I sat on them for so long I lost money and have constant pins and needles!
I could go on, but not going to carry on rubbing his nose in it, I'm sure he feels like a moron as it is, and if he even tried to talk the talk at a much needed investor conference about this being high risk high reward he would lose a few teeth
Going back several decades, an English literature teach gave us a 2 minutes to discuss a sentence he was about to say...time started when he finished his sentence, and it was for you to stand and talk if he pointed at you. I found it extremely difficult at the time, the sentence was:
You only get promoted to the level of your incompetence
Step down James and let the big boys sort this one out please - I was down a hefty sum before this happened, and now I am a broken man. none of this is in anger, it is mere reflection on what has happened
Don't think rns will drop today.
Weds rns likely....giving a full week for logging testing etc
Right, warm up the old jap crap and drive to hq...see if jp walks in smiling head high as one mentioned here! :-)
ananomaly are you serious?
in that case, wtf does Algeria and it's basins have to do with us? different country, different basin right?
moron - summed you up my friend
https: //www.researchgate.net/publication/313358231_Geological_characteristics_and_shale_gas_distribution_of_carboniferous_mudstones_in_the_Tarim_Basin_China
now I found this article and it kind of gives me some hope
any thoughts from our more technical bb members?
wire results probably won't be announced till next week - 5 days plus another couple for full analysis and another couple for ohynm to approve the release of info?
reckon this time next week
the liner has not been installed/fitted - would have been told if it had, although we were told as rightly pointed out at 7.24am that we would only be informed of casing points and TD
there have been gas shows - why else would you proceed to do logging?
gas column is not commercial
previously we were told rns' would be tailored for potential buyers - they woud want a hell of a lot more info than the last few rns' have contained. nothing has really been technical in the rns releases so far
IMHO - we are going to have to wait for TE10 to come good to make any sort of break-even price realistic, at which point most PI's will think fark this for a laugh and pull out their investments. TE9 not working will decrease confidence in the basin model and the ability of the best team and seismic technology employed by sound.
haters carry on hating, but that's just my opinion which I am very much entitled to
binary farking play?
nothing been announced and it's nose diving....did they attach the share price to the drill bit? Lower the bit goes so too does the price?
info leak from drill team?
how else can the 15% drop over 2 days be explained????
not expecting te9 results to be great and will be totally gutted if they are not.
hope Richard Lidel has his chequebook ready - you know, he has shareholders backs and all that tut
I recall him saying that to numerous PI investors unless they made it up.....£1.20 all day, £1 anytime.....those prices have been brandished about in the past, then all of a sudden no guidance on share price permitted
but so was sale on seismic for an exciting figure
and how do you know this timster????
gentleman's bet?
I say yes there will be before Weds this week! ;-)