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Ticked up again this morning, hopefully the buyer from yesterday taking decent chunks is back. Be nice to get a steady rise before any news on Cas 3 :)
Sirmark always nice to see a little blue .
We really shouldn't be this Low .
Puttting in the infrastructure was tedious for TXP but had to be done.
We're be back on the radar by the Masses very soon with a re rate throughout the year.
Ticked up ;)
Looking strong now for a good rally to close.
Would have been great to know what Cascadura 2 and 3 could have flowed at because it would boost the share price considerably and again when online. Especially if both are better or equivalent to Cascadura 1.
Just find it a bit strange they are not interested in knowing after paying out roughly 12 million plus and then waiting 5 months to find out. They have the money to do it .
Now 1v 1 Tick up coming.
I have everything crossed for News after I've topped up my new ISA.
Cacadura deep perf Stabilisation
Cass 3 anticipation is Mahoosive
Development wells between the two points .
Coora.
heads in a Spin with all this News flow to come.
Was 1 v 4 now 2 v3 after the tick up ...looking good..news tomorrow hopefully.
What do you mean by Cas 2 stabilization results? The next news from Cas 2 should be flow testing in q3.
Cas 3 will be the next result (and coora) and then we should hear if any plan to move straight onto Cas 4 or not.
Hi Ayecramba
Casse 2 Stabilisation results, after it blew the casing of the Well,with thick gas charged sands found .
In a recent interview PB appeared cvery excited with the findings on this delineation Well,its on our far North Easten Boundry . ( NOT PRICED IN)
In times gone by, PB has over played information to the Market .before being anywhere close to knowing the outcome .
He now appears to have learnt his lesson , an wants the numbers do the talking.
We have many Perfs to now to ake advantage of between cass 1 an Cass 2 .Not priced In .
Cass 3 spudded on 28th February if successful I believe were move on to cass 4 .
This is all funded, fast tracking production drill to fill .
PB quoted the last 2 years was putting in infrastructure / pipelines etc which intern could handle 40 Boepd
PB consertively believes we're be producing Circa 14k by ear end, which is ridiculous given the SP
The next RNS Notification will give us more of a incite LTH believe we can certainly exceed this output.
Short term Pain for long Term gain.
We're only a few.clicks up from our year end low, yet we're on the Cusp of all the hard work coming to fruition
Re Rate coming
And probably an update on coora tagged onto that
Cas 3
What RNS are you expecting Supersport, can you share any more about what you think might be coming?
Absolutely !!
Hopefully we're get a gentle rise leading to update.
Then Whoooossshhh
Fine by me - new ISA allowance...
We're about to get one of the best RNS Notifications for 2 years between 8th an 19th of April unless PB chooses to catch the Market out again.
One of the best undervalud fully Funded Drill to Fill Operations on Aim ....
Scott, take advantage of the price and add even more. You know you'll be able to say "told y'all" in less than 2 years.
I wish some evidence of the "transformative" year would start showing up in the share chart. The share price is usually not such a trailing indicator. We need patience I guess, not that patience has not been already tested. Still progress is happening at cascadura and there are many positive developments elsewhere that are possible if not probable in near to mid term. Like he asset swap and the bid round awards finalize, just to mention two. TXP seems very undervalued . At the least there is no risk of BK which is not always the case in small companies with a brutal downtrend in share price lasting this long (since Jan 2, 2021) and reaching this kind of a level.
Where can peeps
Photo...at $8.84 many of us would be joining you LOL
At £1 I'm boking a business class flight to South Africa but at $8.84 I would possibly cruise all the way to Cape Town 🕺 Come on you eejit MMs, make 2024 the year of the Mighty TXP!!
Well this surprised me, according to Simply Wall St the stock price is around 90% undervalued, currently CA$0.87 vs their fair value price of CA$8.84, wow, will take that all day long, question is how long will it take the market to see what seems obvious to us and now it seems Simply Wall St also :-)
https://simplywall.st/stocks/ca/energy/tsx-txp/touchstone-exploration-shares/valuation
Interesting Thanks Tobin.
I would recommend you look at what methanex actually say in there investor presentations..
https://www.methanex.com/wp-content/uploads/MEOH-Investor-Presentation-May-2023.pdf
Page 9 they highlight a chart of profit they make with NG at $4/mcf, and methanol at $375/MT.
It is the price they get for there methanol that is important for them and the price at the moment...
https://www.methanex.com/about-methanol/pricing/
Yep about $400/MT
The Henry Hub price is irrelevant as their plant is on T+T, and you can not cheaply move gas from the USA to T+T, and that is where there plant is.
Methanex have even said that they are willing to pay more for NG on T+T
"President and chief executive officer of Methanex Corporation, John Floren, has told an investor conference in Louisiana, USA that his company is prepared to pay higher prices for natural gas in an effort to restart its Titan methanol plant in T&T, but not so much that it makes losses when prices are low.
Floren told the conference last week: “The economics of the gas will be different from the economics we have traditionally enjoyed with Titan. So we will pay a little bit more for the gas, but we want to sign a take or pay contract to invest the tens of millions of dollars we have to, to get the plant restarted, we would want to be cash positive through the cycle, so that’s our goal, and we won’t sign a contract that assures losses during the bottom end of the cycle and that’s part of the challenge that we are having with the Government, as the Government renegotiates with the upstream, they certainly know the downstream’s position. It is not only ours but our competitors, the ammonia guys and LNG.”
https://www.guardian.co.tt/business/methanex-willing-to-pay-more--for-gas-in-tt-says-its-ceo-6.2.1510956.8a012035f4
Henry Hub prices are down at the moment but its not the long term price. Companies like Methanex can and do make good money even when gas prices are higher, cf $4/mcf.
Quote:
"In a report sent to Rigzone recently, BMI, a Fitch Solutions company, projected the Henry Hub gas price out to 2028.
According to the report, BMI sees the commodity averaging $3.4 per million British thermal units (MMBtu) in 2024, $3.6 per MMBtu in 2025, $3.8 per MMBtu in both 2026 and 2027, and $4.0 per MMBtu in 2028.
A Bloomberg Consensus, which was included in the report, projected that the Henry Hub price would come in at $3.3 per MMBtu in 2024, $3.8 per MMBtu in 2025, $4.0 per MMBtu in 2026 and 2027, and 3.4 per MMBtu in 2028."
Methanex have plant worth several hundred million $ sitting idle.
Google methanex Trinidad News
If there is gas to be had at a reasonable price aka $3.50-$4/mcf they are going to take it.
Trinidad is short on NG for its industrial sector,
There's deals to be done and the price is higher than what TXP is getting now.
I think PB will not be rushing to deliver 200mmcf/d at present prices.