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If a buyer isn't going to put much of an upfront additional value into a company wholesale offer for the drill inventory but would allow a nice payment for the proven with healthy success contingent payment[s] but I had exposure to tax on the contingent payments, which one do you think most investors, OGIF & BoD would like? Something & Nothing or Something & taxed on additional?

Fishy, was with you all the way and then you lost me with .....and Sound continues with SM for another bite.

That is a zero sum game or worse when set against the initial takeout offer because the purchaser will know they will be effectively paying for Sound Energy & current team in whatever company shape it takes to compete in country for molecules, ONHYM bandwidth, drilling resources, pipeline bandwidth etc with their shinny new eat Morocco purchase. Not going to happen IMO.

Jez - I agree ref contingent payments but disagree with your differentiating Sidi M from the Eastern prospect inventory IMO.
Why not treat all equally. You then avoid a mass of complexity - you don't carry on in country as exploration competition, you don't have risk exposure for capex of seismics and drilling, any real G/A costs all weighted against a proportion of the shareholder base that might want to exit the riskier side of investing in exploration on the back of an initial payment of whatever it turns out to be.

If any buyer doesn't value the seismic inventory sufficiently for the Sound BoD then contingent payments make absolute sense.
Not to be rude but if you invested in sound for 10yrs that means you were 6yrs too early for this asset, none of the previous assets have delivered any real value. The comeback argument to this is 'I invested in JP' - well let him maximize value of Morocco then.
Any buyer has to keep their own base happy for risk/reward for their purchase of Tendrara so makes absolute sense for them to hedge future discoveries.

Anybody else of the opinion the 12th March Tweet day was also TD day?....so news by Friday?

Great thanks Lelo

Jones, is there a link to the video q and a?

Sidi has been quoted as an insurance play, it is dismissed as somewhat irrelevant if TE10 works and underwrites east Morocco basin value. Would we not all agree that is how we would all value any insurance when we purchase it in our day to day lives. It is only of value if you need to claim against it. If TE10 works then we don't need to claim against it, to do so would require funds to work up a seismic campaign, an exploration program & a lot of time (all of which might just be a zero sum game reducing value against east Morocco LE as we would be perceived as in country competition).

What is the 'target impact sector'

Shed, likewise. I'm still in the black but the kids ISAs are heavily in the red.

vlipsy.com/vlip/monty-python-and-the-holy-grail-you-silly-sod-you-got-us-all-worked-up-GcxsOszs

lots of trade volume this morning without any direction. Not sure what to make of it so far.

CK - I keep coming back to Brian in the Norwich presentation. If Strat @ 10 works you surely have to reenter TE2.
He says that after about 50 minutes in full knowledge of a publicly stated 3 well drill program that didn't include TE2 in any description.
TE2 on the investor presentation sits in the middle of what looks like a very large defined Strat in the TAGI

By observation what a non event this mornings RNS was. Thus far today only ~1M volume & they also didn't think it warranted an accompanying tweet (...cue tweet). Curious.

I don't doubt the GSA isn't an easy one for the sound team and that they are working as hard as they can with all the invested parties.
I do mind that either their naivety or willful misrepresentation of these negotiation timelines has played out over more than 1yr.

esoxesox - That is my guess it is all it is for. Real news is at the end of month.

Soundingoff, read your own post back but try to do it with the perspective of someone who didn't get a ticket.
sanctimonious101.

They did the last lot on deep dive day, if Balls Bros day is the next set there will be blood

Luca baby, consolidation, sidi farm out, ground truthing, C4, Newco, Big guns, TE2 ranking (Brian at Norwich), GSA.

Alkaid gets tested in March