Rab dumping huge. 5 million + today

Some good buys coming through now

http://bcove.me/bwkha3i7

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Thursday 21 July, 2011Sound Oil PLC
Change of Adviser
RNS Number : 7759K
Sound Oil PLC
21 July 2011



21 July 2011



Sound Oil plc

("Sound Oil" or "the Company")



Appointment of nominated adviser and broker





The Company is pleased to announce the appointment of Smith & Williamson Corporate Finance Limited as its nominated adviser and Investec Bank plc as its corporate broker with immediate effect.











For further information please contact:



Sound Oil

Gerald Orbell, Chief Executive


Tel: +44 (0)1372 371010



Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones


Tel: +44 (0)20 7131 4000

Investec - Broker

Charles Batten

David Flin

Adam Strachan


Tel: +44 (0)20 7597 4000

Buchanan Communications

Tim Thompson

Ben Romney

Helen Chan


Tel: +44 (0)20 7466 5000







This information is provided by RNS
The company news service from the London Stock Exchange

END

I thought a new investor could have been found for their
shares. Very unnerving for investors, that invested at 5p-6p.

Well quite frankly they shouldn't have done!

For a company whose sp was 0.5p in Jan 11, That was when they should have been investing. When it hit 6p they should have been selling not buying. The whole AIM market is presently going down. Sound oil is just one amongst many and it will continue to do so until the market decides the economy is safe enough to start reinvesting in AIM stocks. With the Euro meeting today and US debt talks tomorrow, don't forget that if those talks go wrong then the market could collapse aboput 30%. If and it is a big if that is the case then this will be back down to around 1p and then you'll be able to get in and make your 6 bagger.

Of course that is presuming Europe, the US and we don't all economically collapse. In that case all bets will be off and I guess most companies go bust. Based on the fact that it will be the end of the West as we know it, I guess at least we will all be in the same boat!

Whilst these comments may seem very negative, it does bring a sense of realism to these boards that sometimes seem sadly lacking.

See your point dealerdear. As you know for the sp to rise there must be buyers.5p - 6p is still very cheap in my eyes. Just a shame that RAB have hit problems. Could be 10P with some good drill results and RAB sold out.

UP 10% news must be on the way. A good day for once.

You're not listening to me dc

Yes, the odd AIM does rise as the shorts close (see SLE today) and then they quickly drop again.

It could be happening here but it is more likely that the small rise has trapped yet more greedy PI's who have more money than sense, only to see the sp drop again Monday.

Nothing to do with news whatsoever. At present even good news does not push up prices. It will be purely down to when the MM's want to see the sp rise.

As I have siad previously, a look at the AXX graph says it all. All we can do is wait for the turnaround. Of course all the PI's who have been pumping money into the tiddlers desperate to make profit will have nothing left to invest and they will miss the baggers as they wait for the sp to get back to where they invested.

Classic market dynamics I'm afraid.

Should be 10p soon anyway, so no probs.

Wouldn't argue in a years time.

I'm purely talking short term.

Who the hell knows what next week will bring!

True. Don't like the look of a few years time.

Hopefully we'll all still be here!

I see the banks are going to take another big hit with Greece. I can see some of the bigger banks in trouble (big) soon.

If that's the case then the market is only going one way.

If one is investing then a balanced portfolio of long and short would be advisable.

At least 50% will be right!

The cracks have been papered over, for now.

ttp://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/technical-analysis.html?fourWayKey=GB00B09VL556GBGBXAIM

"Settlement as of 22/07/2011, at 5:45 p.m.

Definitely a good session for Sound Oil Plc as it ends +7.56% higher. Trading commenced on a positive note for the security, which opened at 3, below the previous session's best level, and then rose steadily throughout the day. In the last week Sound Oil Plc underperformed the UK FTSE All Share index, and could fall prey to traders who are ready to exploit potential weaknesses.
Status and Trend Analysis

Technically, the medium-term trend is down, but with the 3.03 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 3.33. The most likely scenario is for a bullish recovery with resistance at 3.63 (green line in the chart).
Risk Analysis

Here is an investment for risk-loving investors, who will choose to venture large sums despite the security's high daily volatility of 6.46. With daily volume equalling 22,556,446, above the moving average of 13,654,989, Sound Oil Plc is clearly attracting interest in the market."

Marciano test results blow to Sound Oil
StockMarketWire.com
Sound Oil has received a reservoir engineering report undertaken by AGR which has analyzed pressure data from the test of the upper zone at Marciano, Italy, (1283-1288m) in respect of reserve estimates and reservoir parameters.

Unfortunately the initial gas in place in the tested reservoir interval is estimated to be insufficient for commercial production. Therefore present operations at the site will cease pending a future review of the permit.

Commenting on the update Gerry Orbell, Sound Oil's Chairman and Chief Executive Officer said:

"The news from Marciano is clearly disappointing, especially after such an encouraging initial flow rate. The Marciano project was, however, a small part of the value of our portfolio. We will now focus our efforts on the four well programme we expect to be starting in the Autumn and also preparing for pending applications in Italy which we expect to be awarded shortly."

As there is no 'bounce' in the market don't expect to see this recover in the near term.

MM's are no fools. They know if they drop it to 1p then many will get in. Because of that I would expect around the 2p mark to be the bottom, perhaps 1.75p?

RAB seem the winners.