The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I think those are pretty reasonable expectations. I think with the drill successes thus far we are looking at 1-2 TCF, and I think the block may be good for 6-8 TCF if the high level of technical work they have done continues.
My target $5 US in one year and $10 US in 3-5 years. At that point would look at it and make a new calculation based on up to date information. Would consider selling if I feel it gets way ahead of itself. We are far from that now.
Meant to say 'Lots of very happy long term holders, myself included.'
Ginmunger, one thing I would add, don't hold TXP/PB to 100% strict timelines. The Covid world often throws up unforeseen’s and things can take a little longer. For example, COHO-1, we all hoped for sales to start this year and now it could be Q1 of 2021. The Mighty TXP is a giver and has been giving to a lot of us for a couple of years already. Lots of very long term holders, myself included. We all know that PB is proving to be a genius of this industry, however, even the great man himself is at the mercy of the Covid Gods.
Personally, I don't look at timelines now, strictly that is, I've learnt over the last few months that they are just guidelines. I am predicting a £2 SP by the end of June 2021. In PB we trust, in the Mighty TXP we all smile......very big smiles....
Really good summary Ginmunger. Whenever I listen to PB, have to say that I’m always impressed by the way he comes across. They clearly know what they’re doing and the strategy has paid off so far. Good luck to all holders and wish you all success.
Meant to say, I am very excited about Cascadura Deep! Sorry can't seem to edit the post.
Definitely agree, you never know what someone will buy or sell their shares for, all you have control over is what's in your hands.
We now know that
1) Ngc contract will be completed in the next 30 days
2) Cascadura deep is about to spud, will require about 40 days drill time to reach Td. We should know how many feet of pay they find by December 24th.
Correct me if I'm wrong but worst case, they don't find anything commercial and turn on the tap for the lower block of Cascadura, so that they can produce the other 5000 boe/pd that they can't handle with the existing pipe. Basically tails we win big, heads we have a developmental well that we would have had to drill anyway.
3) Coho comes online, February q1, offsets some of the lost production from the oil fields.
4) Testing results Q1 for Chinook and Cascadura Deep if we hit paydirt.
I am not very excited about Cascadura deep, if it does in fact connect with the hydrocarbons at Chinook, we have at least a miles worth of hydrocarbons, maybe oil.
5) 700 feet of pay at Royston, drilled to 12k feet in q2.
Value:
Cascadura (380 million) / 180 = $2.05 usd
Chinook (200+ million ) Value.. Who knows, if connected this could be worth billions. Already described as world class, would be surprised if it's not at least 200-300 million.
Cascadura Deep: see above, basically a free exploration option
Royston : Bigger than Cascadura..
All together this company is worth Billions of dollars currently selling for around 240 million usd...maybe this will be a 10- 15 cent dollar in hindsight at current prices.
Cheers!
Txp was tipped by somebody back in March of this year and have been topping up since. So all in all, doing well at the moment. Let’s hope they continue with their good run and this gets to £3 or so.
What’s your so target Scott? If you don’t mind W asking
Trading in and out at this point is probably not that wise. Nor is harvesting all your gains.
I bought a small position in 2013 and have followed the company closely all that time. I was never tempted to add anymore shares until this year. Because of the unfolding story, I have gradually tripled my position this year. I plan on holding until it plays out. Coho, Cascadura, Chinook. Then Cascadura Deep and Royston. No need to sell any now. Just my opinion.
Cheers Simon
Any placing at this price or higher would have little impact. £10m raised by new share issue would only be about 5% dilution at the current market cap. So no i don't think selling and waiting would be a viable option, infact it would be a foolish one with the potential upside that could be missed. Like Paul said it will depend on several factors, if Cascadura and Chinook get online to provide cash before they run out then it wont be needed. It will depend on timing of the Government and NGC.
Better still just sell it to institutions and avoid the retail overhang that takes weeks to clear.
1. Would it better to sell and buy back in?
2. Hold on
I’m a novice and would be interested from the views of more experienced folk.
I’m a lth but wondering what the risks are of doing the above. Thanks