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So let me chime in to this scenario:
The path we are currently pursuing will lead us to investors' hell. If you can get out of this share before it hits 1p consider yourself lucky.
The good news is: We can all get together at a 1p party - how's that?
Yeah
Weβre all Doooooomed Captain Mainwaring !!!!
In the interest of getting some positive outcome soon and on the understanding that every hope seems to have the opposite desired effect on so or none statements......
My new hunch is that we will not get any new RNS' for at least four years and the share price will crash to 1 p from tomorrow!
Let's see if that does it!
Mumbo what is the capacity of the plant coming on line from Casa and Casa deep. You are in PRD so will have had feed back from others who are in PRD and TXP are they not.
Was not Casa 1 when tested 8000 boe and 1000 of liquids, same with Casa deep, both wells had very high pressures so have been choked down. The plant coming on line designed to operate at 200 million cubic feet per day, equates to 38,000 boe per day. I believe initial production test will be in next RNs 9k boe with 3k liquids. Casa C and D which need to be drilled then take plant to max capacity. Add on current production old wells and Coho adds another 2k per day. I have not bought in Royston 2 as this being tested as we speak and Royston 1 is 1.5k liquid with a 40/60 water cut.
Along way in front of Heron to full production in 2031.
The point was being made of a quick profit in TXP for those here, not saying invest.
As you know PRD and TXP are long term for dividends.
Straight back to Nitpicking? No big surprise sir!
Be happy π
WOS: βLOL I do not know what to say to you mr Copse.β
An historic momentβ¦ WOS doesnβt know what to say!!
Corpse - can you provide any evidence for the bombastic 20k boepd figure you mentioned for TXP.
LOL I do not know what to say to you mr Copse. Maybe start with LATEST Progressive Research Report BUT do not stop there.
Read LATEST RNSs & listen to interviews
This is best & honest advice I can give for you. Be happy & better research π
Wise owl you means this
Production from the Heron conventional oil development project is expected to begin in 2022 and is forecast to peak in 2031, to approximately 8,928 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
That's 8 years from now, what did your broker say about profits, 2m loss 2023, 14m revenues 2024.
Casa 1 and 2 comes online next two weeks that's 20k boe each day, not an eight year wait and has been suggested you will have to sell the Heron side of the biz to fund the Gobi exploration. TXP already has in place three billion gas contract. I believe most of your oil is trucked same as our Royston well which some consider a failure as it only produces 1500 boe each day, that's research
not the jam tomorrow. On this board is there any talk of well pressure from Heron, anything information that could induce me to buy other than ramp. Eg Casa 1 and 2 well pressure 4,500 psi, plant to be run at 420 psi. Gas pipe from plant to main NGC pipe line about 3km of pipe put in.
Where is your research, RNs coming next week π€ repeated day in day out.
And check post 07:07 ππ°
LOL
Do research! π
Funny that, that's what l read through last three months postings. Balance sheet says everything, last well dry. Β£2m to drill next exploration target, if successful!!! how much to get it to terminal.
Postings do not inspire, probably the opposite, gla.
Ok be happy not invested π
Enjoy weekend all others π
Always "jam tomorrow" with MATD innit. And as we know - tomorrow never comes!
Agree mr Boombag
Very BIG news coming with all different pieces in 1 RNS π
I think this is emotional talk and not proper analysis sir.
Be happy π
Big move coming next week
TXP shareholders want investors but this will go up more %
I read your posts and Ham back to July, l have read all your RNs. It is all pie in the sky. You are years away from producing let alone having any thing commercial. How's it all being funded, by dilution.
Where you hope to be TXP is already there probably by ten years. Why do you think Mr W told this board about the massive rise coming, to help you guys make money, that's why we are here. If you think we are talking nonsense, go over to discord, which is the main board for TXP not LSE not ADFVN, but you won't, because you can't be bothered. The tip was genuine to make alot of easy money. The last RNs on TXP confirms all l have said.
Haven't seen any more post from Richard for ages I wonder why?
Next week would be exciting to see if we finally get the great news we have been all waiting for.
Great time ahead we matd starts production and oil price heading towards $90.
Enjoy the beautiful rainy day guys,
Mr Copse
With respect I see from your post on other BB you have not done research on MATD. Just your comment in cash position & other thing tell me this very clearly.
I do not think header here correct because of Operational Update RNS we expect very soon AND what this mean.
EXPLORER to PRODUCER to REVENUE
(If you believe this Buy if not then do not. Simple).
Also in PARALLEL with full Heron field low cost (partnership with DQE) development we have Block XX extension with estimate 3 BILLION in Petro Matad share of Toson Uul (Petro China 2 Billion PROVEN & PRODUCING).
Remember plannis to develop both at SAME TIME (source Mike Buck interview) and expect this to be Q3 2003.
SLOW BURN? No. Think ROCKET about to ignite for price upward.
Do not need to look elsewhere for stock pick sir but thank you & enjoy weekend ππ
Strong buy to no opinion and 50% down, chasing the dream.
Get lost to your chat box. Not interested.
What Mr Wooster means is TXP are switching on there two gas wells which will release 20,000 boe per day straight to the market at 30$ per barrell net profit. Finished plant will generate 50,000 boe per day on next two wells. The four wells when finished will generate about 500 million of net profit to share holders, fact and that's on top of current production. You live the dream we live the reality, world's apart, don't believe the posters do the research.
OK good buddy noted
ClimbingRooster: However well meant - it would be better you abstain from that type of advice. You could write:
"I recommend investing in TXP before close of day....could possibly be a winner".
On the PM board you constantly read posts concerning issues like "guaranteed" etc.