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No question should be treated as stupid. As this is an investment business my personal opinion is that profits will be reinvested in field development and acquisitions until such time as a buyer comes along with an appropriate offer for the company..
DYOR
This might be a stupid question but long term, if everything goes right could PXEN be a divi paying company?
Fundamentals look good, market cap only £20m, revenue from field confirmed at circa 650k per quarter, even at current low gas prices, so annual revenue 2.6m with balance of gas price risk probably on upside. Future field devt potential being worked up….feels good off current SP to me, let’s see where market takes it, gla
Hard to get to excited when the share price is so low especially when it was four times this when we weren't even producing.
Looking forward to the buy when on offer,NT to buy chat
Good to see but gee it takes so long to get permits.Have almost given up on the Spainish ones but expecting the Italian ones any day now.
Nice!
Also says multiple tests were conducted RE debris and so on and nothing found hence ramp up to 78,000 scm/day - 80,000 scm/day. Solid £552k @FX 1.16 GBPEUR revenue net of production costs to PXEN. Not bad for a quarter's work!
As expected - Q4 production up from Q3 with 641k to PXEN bank account, but rate intentionally kept just under 10mln scms so 10% tax avoided. Very sensible.
Now production has been increased - no debt, cash in the bank, cash cow, permits pending across both assets.
Tide is turning - under 7p is still cheap.
https://wcsecure.weblink.com.au/clients/povalleyenergy/headline.aspx?headlineid=61192128
Another week of pumping gas
Wait, so you sold for 5.53 and now buying for 5.5? Was it really worth scalping the 0.03p?
Afraid so.Doing my head in this share
No running commentary on the way down like there was on the way up.PP and TKIA very quiet
@ZaksTradersCafe talks to Mark Routh, CEO of @ProspexEnergy focused on European gas & power projects #PXEN and provides an operational update from the Podere Maiar-1 well site of the Selva field, where optimal flow rates have been confirmed. https://twitter.com/Share_Talk/status/1749363791291187578
so coxonopolos you bought for 5.3 and sold for 5.53 two weeks later. i wouldn't have bothered. there are much easier ways to scalp 4% in the markets without having to ***** and moan every day on these boards.
It is a lot safer than a lot of AIM stocks where you could easily lose all your money
I don't care if it goes nowhere soon. This is a different kettle of fish to a lot of other AIM stocks..they have cash, they have income and they have solid plans in EU markets. I hope to pound cost average for the next 2 years and see where we end up in 2026
Worth remembering from Selva alone:
- @80k scm + €30 TTF's = £3.2m p.a.
- @100k scm + €30 TTF's = £4m p.a.
- @80k scm + €50 TTF's = £5.3m p.a.
- @100k scm + €50 TTF's = £6.6m p.a.
*excluding £700k p.a. Romeral
**circa £1.9m in bank y/e ‘23
- ➡️Increased SCM
- ➡️New Permits Selva
- ➡️New Permits El Romeral
- ➡️Continued higher TTF's
Lots to look forward to.
Tasty.
Nice to see upto 80k again + additional permits at advanced stage 👍
This is what you want from stable production - no surprises.
Selva is a repeatable low cost gas play which is self funded. No debt.
Should bolster confidence.
Run to 7p 1st pls.
Cheap.
Nothing inspiring in your posting history. Check your facts I’m a LTH. Been here with 6 figures couple years with few profit sells a year back 😉 this will rise again..
We better all sell our shares real quick then the company has no future lol 😂 what’s your new entry price 😂 it will never rise again doom and gloom as usual. What are the assets worth hmm
Yeah sorry you're correct 200k buy 650k sell
Looks like a sell to me Coxy
So we're not making any money just now?
What's the minimum TTF can be for us to turn a profit?
Reserves still building up and ready for next drills? Great future ahead for those wanting to wait.
TTF looking very bearish now at 28