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Think we are in a bit of a lull of news and updates as TXP build out infrastructure to support the future growth from the drill and fill, while some well have settled out at below initial levels and upcoming drills will supplement and grow this to back above 10k and on towards the 15k by the end of FY24. Seems like we are being treated a little poorly by the market but so much incoming improvements that this will only be for a short period :-)
No volume these days.
Anyways, what's worth remembering is that guidance remains the same for the full year; meaning the work with chokes etc. hasn't changed production plans. And that they forecast wells - new ones included - to perform. So that's 9.400 BOE's per day; 2K oil? and 48 mmcf gas. 40 million USD EBITDA? It's going to be a busy second half of 2024 for sure. Market cap 250 mio USD. One job... drill to fill. ASAP. (Or rather - sooner than that). P/E for H2 2024 is certainly appealing; 2025 will be even better. Question is how much it rerates before those new wells are hooked up.
Can anyone confirm if Paul Baay and James Shipka are currently in London talking with certain shareholders? If they are indeed here there would have been a golden opportunity to present themselves to all shareholders.
Thanks for sharing.
Malcy 16 April 2024 at 8:29 am - Reply
Hi Ted
I think I do but I am going to wait until I next meet up with Paul Baay which is tomorrow!
Cheers
Malcy
Tks Matt
Malcy stated himself on his blog comments.
https://www.malcysblog.com/2024/04/oil-price-chariot-touchstone-jadestone-and-finally/#comments
People saying meeting of PB and Malcy for interview.
Ss, Fair comment and probably more prospect of a spike than a fall at this moment in time which, in theory, should benefit the sp but with this company who knows?
Hi Erb, think this should work :-)
https://discord.gg/nqTERPB8
Aligator these predicrltions were made before Iran bombed indiscriminately into Israel .
According to documentary on BBC 2 last night Oil is going to exceed 120 $ a barrel.
Potentialy more depending on Israels response .
Supersport, What do you base your prediction on? Recent commentaries from both the market and crude traders are that oil prices will gradually decrease after April 2024 with minor stock builds because global production is increasing more than consumption. Further, they forecast that stocks will increase by 110,000 b/d from 2Q24 through 4Q24 and by 280,000 b/d in 2025, putting more pressure on the price of a barrel.
Does anybody have the link or username to get on the discord chat
Oil will be spiking in the weeks ahead
Just catching up with this weeks news as had a horrific week at home with just about everyone and everything been poorly 🤦♂️
Long term this reads fantastic with so much going on and even though my investment here seems to have dragged its feet for years i think i can see the light at the end of the tunnel now.
Totally understand the drop in SP with figures but this now looks an amazing opportunity to add more at this bargain price, as in12 months time there is absolutely no chance of us been in the 40 pence's!!!! 😎
How many shares do North have?
Curious why there wasn't the usual Proactive interview from PB after the Casca 3 news? Some questions left unanswered in the RNS.IMO
The quicker North is out of here the better.
Like I said you can drill all you want but if you say your going to have to wait Mr market for six months for results of flow rates then what the hell is the market going to do. It was f...ing obvious plus you don't explain why the choke and Prefs had little affect or a possible remedy to those problems.
Production is down but you don't explain the possibility the wells was shut off why the work was carried out.
Like someone said in that Txp just don't give a crap about it's shareholders.
Any news expected before May 12th?
I guess we can't assume any RNS re. spuds and completions anymore.
At least the SP is consistent.....and tax efficient.....lol
Consistently dropping since I re-bought in 2 years ago....and no CGT to worry about.....lol!
No doubt I will break even this year....perhaps even a profit!!!
Let’s see some large director buys to give confidence to shareholders.
Absolutely Fantastic Sp to buy from .
TXP is set up for the 3rd quater.
De risked 100% one for the watchers to time it right now.
PB could of done better to hold the SP I have to concede.
Except they are still forecasting 14k for the end of year, up nearly 80%
Or perhaps recognition of reserve uncertainty endemic to the Balata area overpressured mobile muds is rearing its ugly head as production depletes unexpectedly!
Short term movements are irrelevant, the company are moving forward at an accelerated rate. All the approvals are in place so no more red tape and with the cashflow to effectively forge their own destiny. Any enviable position.
I really don’t believe the supposition and theories posted below but each to their own. Let’s agree to disagree.
Given PB has aspirations to move the company to a mid cap FTSE250 entrant, I don’t think we need to be looking at manipulation on their part.
Wider market movements and a large seller are two contributing factors to the range bound movements.