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Agree re RRE and TXP. I've moved from being very overweight RRE to being very overweight TXP. Should be a very interesting year here!
Absolutely agree 50 p is well within reach - I’m expecting spike after we see Cascadura results in black and white
Would like to see a re-evaluation of Royston Cos before its spud Q3 ?
Not many certainties in o and g but TXP is 1 RRE is 2 and JSE is 3 GLA
Smahtfehka DCTA etc were TrekMalone, I can't take the credit.
D45 RRE Rockrose is back to a Market Cap value of the unrestricted £245 million cash that is in the bank, and is producing 20,000 barrels per day. Net income circa £175 million per annum.
Cannot understand why it is at the current level.
Traders eh?
O/T...try BPC buy sub 2.4 and exit if they spud. Lots of news due offering trading opportunities.
ARB, Bitcoin miner, producing loads of cash, significantly undervalued and a good play on bitcoin.
DCTA, graphene play. Profitable. Raised at above sp. GiPave is a proven technology being field trialled to mix in with tarmac on two major airports, m25, Oxford A road and US road. It lasts 250% longer is temperature tolerant and you use existing tarmac, so no quarry or transport costs. The also bought an environmental co, Setcar so have route to market for products. They are selling fire ******ants, apparel, tyres and trialing Inks and golf balls with graphene. The model is the customer mixes with existing process but it save energy etc. Wait for this a US multi-billionaire has bought 28% of the co from retired seed investors and an insti that wanted out of aim. There are just two regular posters there me, I built a position over 3 years (I’m in VRS from 13p) and ‘itsyou’ a top poster who has a very very significant stake, he bought ECo at bottom and sold near top. Anyways they are very under radar but imo going to be huge unless Patrick Soon-Shiong buys it on the cheap.
DYOR
Trek
Listen lads. Cascadara is massive. If you look into the logs from carapal ridge you will see. 3/4 times the size of coho - proven flow with shell..1000ft of pay in proven sandstone - this is the stuff of dreams. It’s the same petroleum play. Proven. Not only has larger equipment had to be called in to flow test cascadara. The pressure is too high - for gas wells this is exceptional. There may even be condensate as well. The mcap is stupidly low. Compare with companies like 88E whose mcap is double and doesn’t produce anything. Even if cascadara is a duster, they’re doubling the output of bopd with coho by June. There’s a starting point here at 1800bopd. Provided theres no unexpected disasters with cascadara (water ingress, mechanical failure from high pressure kicks etc) then this has a bag in it. Then two more drills Royston and chinook - may be a cash raise - before then, however cash flow and credit facility may suffice. Plenty of trade and bank between - all Imo GLA also recommend Reabold resources RBD upon near term resumption of west newton flow tests. If anyone else has any interesting near term recommendations Id love to hear. D45
Well it looks like our friend Josef has all the makings of a good oil analyst!
He is very smart in his analysis, and I like the way that he is drip-feeding the target price in, as the news become certain rather than speculation.
I believe that his figures are conservative, as are my own, but I was working on a higher flow, but a conservative per barrel contribution, as I think that oil is likely to have an average price of $50 per barrel. Good to hear that our Gas is priced at a premium due to local demand, but that is because the alternative is LNG imports which are always going to cost more.
I think that we should keep an eye on Josef, as he has a clear understanding of what we are dealing with, and being based in Toronto will be getting it from the horse's mouth - same info but more clarity.
I think that he will raising his figure to 100 cents once we get more news of Cascadura, and then again if we get some positive results on the two remaining drills by November.
With all that we have going on, it would not surprise me if we are granted an extension on the second drill, giving us the chance to drill another development well at Cascadura, in order to increase the flows from other oil-bearing intervals - the results of which we are still awaiting.
All in all an excellent analysis, and I am really surprised that the Toronto market didn't have a lift on the back of it, but it was late in the week, and I think this will all come good on Monday for us.
I believe that we will have another ten percent or possibly more next week - spread the message far and wide.
Ludicrous though it may sound at this stage, but if the Cascadura results are as anticipated, I firmly believe that we will exceed all market expectations.
I believe that our net asset per share will be North of £1 and our projected cashflows will be amazing.
It partially depends on the test results, but the other two planned drills may very well exceed those that we have to date.
You may believe that this is share lunacy,.
I have no more information than anyone else, but I do have a couple of Geologist friends from oil majors who are also very optimistic in their views.
It will be interesting to see what Josef Schacter has to say on the matter, but I suspect that his view may be similar to mine.
Shore Capital will be working on an update as we speak, and if you look at their last analysis before our two successful drills, and following our 'Transformation', I believe that their next analysis will make mine look pessimistic.
https://www.weare121.com/121oilgasinvestment-london/wp-content/uploads/sites/12/2018/09/Shore-Cap-TOUCHSTONE_EXPLORATION_House_Stock_Firmly_on_course_Risked_NAV_upgrade.pdf
Call me Mr Rampy if you like, but it is up to you to do a bit of research before you buy.
We shall see soon enough.
GLA, we are closing in on the test results in mid Feb.