Sound Oil (#SOU) - gets green light to drill new Nervesa well
- 2015-02-17 00:51:41
UK 11:26 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
What a dramatic announcement from Sound Oil (SOU) this morning. Some might call the company’s unsolicited swoop for Antrim Energy (AEY) predatory. There’s no denying it has an aggressive feel to it, but only a fool would believe that this is a seller’s market for oil companies.
When I last wrote about Sound Oil (SOU), I suggested the “valuation looked stretched”. People lined up to disagree with me, not least Brokerman Dan. The problem with the rebuttals is they just sounded like the same tired old lines trotted out about countless resource stocks on AIM, all promising heavenly riches. And we know what happened to the overwhelming majority of them. Despite my cynicism, I was approached by a friend of Sound Oil’s asking if I’d talk to CEO James Parsons to hear his version of the story. Earlier in the week I caught up with Mr Parsons and there could be more to this company than I initially thought.
At the moment it looks like the Sound Oil (SOU) share price is in a holding pattern. There is no real movement either way at c12p. But September could be a busy month for the Company.
Ben Turney is entitled to his view on Sound Oil (here) but he is wrong. Take it from the man from the Manc slums. I own the shares and this is why Sound (SOU) will make money for Brokerman Dan.
Tom and I have recently published a new e-book, “The 49 Golden Rules of Making Money from Oil, Gas and Mining Stocks”. Over the last few months, Sound Oil (SOU) has provided a perfect case in point for several of our Golden Rules. Back in the spring, when the shares traded hands between roughly 4.6p and 6.9p, this could have been a wonderful stock to buy, based on the company’s success at Nervesa. Thorough research and good timing would have definitely paid off. Today, however, at 12p (last seen) and a market cap of £49.84million, the risk/reward balance appears to have tilted more towards the risk side of the equation, despite the progress the company has made. And if you don’t believe me about this
The Bulletin Boards are frothing, AIM listed Sound Oil (SOU) seems to be the latest private investor darling. But is it all froth or is the shares really very cheap? Judge for yourself by waching this video of Luca Madeddu presenting at the UK Investor Show
Earlier this week, Doc Holiday managed to grab an interview with Sound Oil (SOU) CEO James Parsons. Sound Oil recently secured a very impressive looking institutional investment, at a 69% premium to the then share price, as well as a farm out for its Nervesa projst. Here is what Mr Parsons had to say.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Luca Madeddu of Sound Oil (SOU)
At one point, in the not so distant past, it appeared that Sound Oil (SOU) was ready to deliver the goods as far as the Bulls were concerned in terms of delivering a sustained break of post 2012 resistance at 14p plus.
I tipped Sound Oil (SOU) on 17th May at 7.875p. The shares are now 11.5p. Not bad. But things are moving along nicely. The company announced on 4th September some pretty good news.
Our own Doc Holiday quizzes James Parsons the CEO of AIM listed Sound Oil (SOU)
For the past couple of days I have been sitting back contentedly watching the share price of Sound Oil start to bubble up, happy in the knowledge that its charting praises had been sung here on ShareProphets already, and ready to take a bow over the next week as the stock soared. Unfortunately, this will be the first technical analysis of this much followed E&P minnow.
Shareprophets.com resources writer Doc Holiday caught up with James Parsons, the CEO of AIM listed Sound Oil (SOU) last week for a short interview. Here’s the transcript.
Unlike most AIM listed oil and gas stocks Sound Oil (SOU) actually has some, albeit modest, revenues.
