The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No problem Matt, thanks for the feedback.
Buffy
Buffy - I stand corrected. Sorry - trying to listen and type.
Shakey - I din't pick up any timescales re NGC deal, but Paul did confirm that TXP will not be funding the infrastructure. Cascadura results will be two stage - flow results June, reserves after that (July?).
Missed the webinar but could any kind soul confirm if PB said/confirmed about the NGC deal being concluded by the end of May.Also,the Chinook drill seems really quick-just wondering what depth the drillbit is going to.The posts re Casc results seem to differ.Are we expecting results early June or in 4-6 weeks? Currently holding 350,000 shares and looking to get up to 500,000 for the journey.TIA.
Highlandmatt, thanks for your reporting.....
Highlandmatt, the fourth drill isn’t needed to secure the licence. The explo success does that.
Buffy
Thanks to LeepingLemming for sharing the link to that event.
TSX trading at 78c = 46p
No really big reveal as some of us had hoped; he did give me some comfort around meeting the drilling & seismic obligations, license risks, and management of in response to a question I had.
That's all folks. As always, Paul came across very well, smooth delivery, straight talking. Supremely confident in what they have, and what the plan is going forward. Interestingly, he talked about keeping the Casca/Chinook rig busy with developing those finds, while at the same time getting a bigger rig to drill Royston. He tinkered with having a third rig doing workovers on the oil wells to the west. News flow over the coming 12 months will be very interesting.
PB is such a great CEO! I have no worries here. We are in the start of a major growth stage. My money is very safe here. Bring on the next 5 years!!
Did PB say something about 14-21 potential ‘prospects’?
Recorder result will be verified by 3rd party independent engineers and that will allow them for gas contract.. Recorder result in June, Chinook spud in early July & result end of July ...
"Won't be able to spend on Trinidad the money that will be earned on Trinidad".
M&A - some opportunities may come along, but focussed on developing world class asset we have for now.
Royston will need a bigger rig.
Confident of drilling 4th well as required by licence.
Need to shoot seismic on the block, to inform development.
Well the SP is rising on no news so it's all good. If we can reach 50p before the Casudura news that will be a great place for SP to launch from.
I can't help but wonder where the SP would be now if Covid had not have enforced so many delays?
Cascadura "unbelieavable, but didn't get to main target"!
Gas income Q1. Company will look very different in 9 months.
No RNS tomorrow re Cascadura. Data being analysed by independent third party.
Data will show minimum pool size, Most important will be AOF, initial production rate.
Will share info when available.
cascadura test result : no water recorded. Positive
Q1 ok. Netbacks $18. Cash from operations $1.25m.
Republic willing to expand facility if TXP decides it needs it. Sign of confidence.
Chinook 'most exciting'. 4th well will be Cascadura deep.
Cascadura "spectacular". Not sen like in 30 years.
Recorders still being processed. Delay due to restrictions moving data around Trinidad. Possibly 4-6 weeks for news.
COHO connection October.
Chinook rig mob in June & Spud in July.
Here goes