Member Info for Yoghurt

JtF - I put this up the other day but you should go back to the video of the deep dive @1h50m and the first question why te10 is so far from the pinch out.
3 way closure location for risk off, gas down to shows derisk strat (tick) and also very encouraging paleo shows. We are going to be well in the money from here in my opinion.

They found exactly what they drilled for where they drilled for it. That also says a lot for other interpretations of seismic post TE8/9.

It is worth going back to the deep dive @1h50m and the first question why te10 is so far from the pinch out.
3 way closure location for risk off, gas down to shows derisk strat (tick) and also very encouraging paleo shows. We are going to be well in the money from here in my opinion.

I was thinking the same. At the deep dive Roger was touting the late cretaceous as it is the very upper Paleozoic piece and is the successful looking play for the Shell / Respol OSD1 well also. The Q1 is hinting that gas shows to that area perhaps.

The TE11 location in principle is not impacted by TE10 (although I do have a clever idea we are exploring but you’ll have to bear with us and wait for the announcement on that one !).
James"

I wonder if a this is 'clever enough' or too obvious that it isn't what he is indicating.... put a pad north east of the strat & perhaps drill TE11 at the pinch out of the strat trap with a directional drill....potentially confirming strat size and put a real line under the mid/high case for the strat for value. Plug it but come back up and side track into the paleo with another directional drill but this time angled towards the paleo? I appreciate it wouldn't be the home run location for the paleo and would be downdip but if you were managing risk v upside for drill #3 and wanted to cement strat value it might be a consideration weighted against out and out exploration of veyron zone?

SG47. Pretty arrogant comments about other investors. Short, middle or long term however you qualify that, traders and holders, fundamental or technical analysts, if they threw a dart, got a tip off a family member or friend they all help make our market and there would be little liquidity without them whether it matches your strategy or not so in any sense it is not a problem as you have stated,

Totally agree it was over done but it always is. This week I could kick myself for not selling more of my other stocks and buying more Sound <14p but we all seem to quickly forget the emotion of a downward trend, especially a rapid one and I couldn't justify buying more then, what a difference a positive RNS makes. Hopefully I will kick myself in Feb when <30p will look ridiculously cheap.

Sorry - Not picking a fight but also need to point out that 'anyway at the time, more buys then sells and got dragged down' is also normally a false signal. It is a popular misconception but when the trend is lower the bid and ask falling skew what is a sell to look like a buy as they adjust.

DB71 - No boogey man there - it is just SETS

...and for a high premium to keep out an Exxon counter offer.

Shed, the total opposite is true for M/A in a difficult macro climate for commodities. It is far cheaper to buy resources by way of acquisition than to explore for them. Shell purchased BG in the initial 14/15 downtrend for example.

....does anyone think they will sell the company on the seismic analysis for the deeper targets in the SWP near term?

Head of terms - Also known as letters of intent, memoranda of understanding, heads of agreement, letters of potential interest, term sheets or protocols. A document which sets out the terms of a commercial transaction agreed in principle between parties in the course of negotiations.

JP - FSC - Dec 12th. - He states 'when we have a signed Heads we will announce it' - As I said, penned/intent/Head of terms so as an incomer can take up/redo/find alternative.

Thank you for the question. I acknowledge the GSA is a critical element to this business. I have been working this deal for a year now, with of course support from the team. It does have a political overlay. On October 11th we announced that we had made strong progress and that continues to be the case. There are no stumbling blocks or problems. I remain confident in the outcome. I recognise we have been saying for some time that it is coming and that that can generate frustration and even affect investor confidence. However it is a super important negotiation, I am nearly there and when we have a signed Heads we will announce it.

The answer as I understood it was that the GSA terms would be penned so that the details could be shared with the market but not signed off such that any incoming operator that assumed Sound Energy % with a takeover could chose to take up or not those terms in place.

Daniele showed the interpretation as a cartoon where the 3way dip filled the top crest and the strat faulting allowed the wider lakbir area tagi section to fill in as a second phase in his sequence. You could certainly describe the 'filling in' as below the dip crest but that might be over simplifying it. Brian, Jason or Daniele would need to add all their nuances.

N4aPound
That is what my understanding was from Daniele TAGI presentation at the deep dive. The 3 way dip closure and the strat trap upside for the Lakbir. Well worth a watch of the his presentation section again (skipping the A1 bit before of course).

Refering back to the ONHYM report the TE10 RNS reads as though the model for the NE Lakbir is as the model predicted.
So looking pretty positive here. Extract below with the key piece.. 'lt is believed that a larger stratigraphic closure, related to the reduction in thickness of the TAGI reservoir towards the edge of its depositional basin, can be invoked to justify the presence of gas in the Lakbir structure and beyond, including the area where TE-2 was drilled'

Outside the TE-s Horst, on its flanks beyond the main bounding faults and in the Lakbir structure, no
wells have been drilled, therefore the presence of gas bearing TAGI reservoir is still not proven. In
particular the lakbir structure, climbing to shallower depths than the TE 5 Horst towards the NE,
extends outside the 3D seismic survey area and its closure is poorly constrained by the 2D seismic
lines available. lt is believed that a larger stratigraphic closure, related to the reduction in thickness
of the TAGI reservoir towards the edge of its depositional basin, can be invoked to justify the
presence of gas in the Lakbir structure and beyond, including the area where TE-2 was drilled. This
well encountered the TAGI reservoir in the highest structural position of all the wells drilled in the
Permits, it is gas bearing accordjng to the petrophysical and well tests interpretations.

Rab, it was very recent as 31st December and the only single time I've seen him comment on Texas Vision/Panr activity.
I watch out for his posts on twitter because although his skill set is as a geophysicist he is an excellent oil and gas analyst. @aeberman12

Whilst on the topic or coring, Art B has said on twitter...

Still trying to figure out that well in Polk County w/ collapsed casing. Plan to re-drill, core this time to learn more about the reservoir & hope for better operational luck. All the best, Art

I'm trying to remember which presentation either Brian, jason or daniele said our main te5 gas was in the lower tagi.
Wondering if further possible upside as.,..the Company plans to drill the remaining TAGI section to total depth just beneath the Hercynian Unconformity and then perform a well test