Results Nothing enexpected or earth shattering, just a good set of solid results. Note GSA imminent
Bad news tomorrow? 12 to 30p is actually a 150% increase but never mind, i get your gist.
Bad news tomorrow? SOU… XXXX Not looked since Christmas what a mistake ( last call very bearish i recall ) not adding at 12p …The share recently topped out @ 30.78 i just one month . ( more then 250 % unless i am missing something ) Geof told me Monday a quote from a Master. A Good characteristic for an investor is Patience . A Bad characteristic is Greed .
TE10 Monday Today’s RNS was moderately encouraging. Not a great deal that wasn’t known before, but there is mention of permeability being similar to previous successful wells. We knew the porosity was ok and now it sounds like the gas will flow too. It seems to me that apart from all the useful testing that will be done over the next while, what we really need from TE-10 is confirmation of gas in the stratigraphic trap. The structural closure, even if it flows successfully, is estimated to contain 0.07 Tcf – worth about 5p on the share price. Pre-drill estimates on the stratigraphic trap are 20 to 60 times that volume. If I’m reading it right we have to wait about two weeks for confirmation of which intervals contain gas, and then March for flow tests. The strat trap also relies on additional seismic analysis. With TE-11 not starting until after the March flow testing, a bit more patience is required than can be found over on the LSE board where the current RNS has sparked the usual mixture of mania, depression and rank speculation.
TE10 Monday Sensible suggestions, ps. Since the reorganisation/decimation of the ii boards there has been a dearth ofcontributions on all but a few (eg FRR, which continues unabated) I think a lot of respected posters moved to lse or gave up altogether which is a pity. I felt the same and briefly visited lse but gave up, drowned out by all the rubbish floating on the surface in that particular harbour. (To be fair the SOU board is sometimes quite informative, less so, others) All grist to the mill, I say, as long as it’s polite and civilised. Regards, TP
TE10 Monday I was about to say that there are no permalinks on lse that would let me link back to the posts in context. But I’ve just noticed that there are unique ids for threaded discussions. Perhaps it would be better to provide links to worthwhile threads, which means there is no need to copy and paste actual content and no potential copyright issue. I’m talking about something like this – you have to read the resulting threads from the bottom up: Thread: TE-7 Timelines Thread: Re ambitions of onhym translated
TE10 Monday Just a mad thought. Do you think the lse board can exert any copyright over the contents of their free board. I mean, it’s completely open to non-members, and not access controlled. 90% of what gets posted is mad ravings, but there’s a few posts worth reading. I trawl through them all anyway for my sins, via a webscrape. Would it be of any value to cross-post anything of interest to here, where it could be read minus the crud? For instance, a cross-post from this evening would look like this: From: Dracan66 Sent: Today 19:49 Subject: James reply I asked James about the AVA learnings thus far and whether the results of TE10 would alter the decision on drilling TE11. His email is as follows. Hello ##### It isn’t correct to suggest that TE9 learning somehow changed the outcome at TE10. They are standalone wells without correlation. However it is correct that we likely have now, post TE10, more ability to rely on AVA as our work on the seismic continues. It will take some time to unravel this but work in progress. Our last announcement on TE11 was that it would proceed after the well test at TE10.
TE10 Monday Why thank you, SN. There’s a lot of back biting, ramping, misleading posts on these bbs ( esp. advn and lse) but I’m a genuine holder who also feels this company has great potential. Just a little longer! Good luck TP
TE10 Monday TP, this is my first post ever, been invested in SOU since 2012 with all the ups and downs along the way and I’d just like to say that your posts (on the various incarnations of this site) have been my inspiration to stay with this extraordinary company and to keep topping up on the dips. Thank you for helping me keep my head when my heart didn’t agree and here’s to paying off the mortgage sometime soon…respect
TE10 Monday Motoring along nicely now. Who’d have thought it when just a couple of weeks ago we were in danger of single digits sp Luck all TP
TE10 Monday Well done to all long term holders. I hope your patience will be well rewarded.
TE10 Monday Relieved!!! ATB to all
TE10 Monday Yep, very positive indeed.
TE10 Monday One word. ‘Delighted’ GLA MM59
TE10 Monday Further good news in this morning on Te-10. More gas than they originally thought in additional zone. Gas to surface. Well test rig scheduled for February. Luck all TP