Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Tradeemeup- TXP have already cleared the full route from Cas A to C and cleared B pad.
All shown on satellite, so they are definitely on with it!
Supersport, good morning.
Apologies for the delayed response, I am only just catching back up with recent posts. You are indeed correct and have a good memory.
Still hold all my original stock and have added more over the years. Heinsite is a wonderful thing and perhaps should have taken some profits on the big ride up but I won’t lie nor proclaim to be Warren Buffet. There was a reason I didn’t sell and the reason very much remains. The assets TXP are sat on and the resultant production will in time command a much higher SP than the previous highs and that is the reason why I am patient.
Thanks John. I hope it’s another successful development well. Then we will need to rely on the teams learnings to date and Our snail like friends at NGC to get the short pipeline work done. I don’t believe in a Q4 2024 tie in story but would be delighted to see this all materialise by end of Q1 2025. So much value to unlock here :)
Tradeemeup- Cas 3 spudded 1st march, TD target is 7000ft. Should have reached that by end of month. Results in next 2-3 weeks?
Not got CAS 3 timeline but I don't think the company has shared this yet. However I do believe their FY23Q4 and Full Year results could come out as early as Friday 22nd March, likely they would update on significant project timelines during an event such as this...
I’ve had a mad month at work so not been able to keep up with news on CAS 3. Assuming the well has been spud ? Was this announced and what was the approximate spud date? Do we think results in first week of April are likely?
Thanks In advance for any informed answers on this. Long term holder here - but behind the curve on cas3 progression.
GOOD LUCK ALL im switching off to news , AS long as it takes Need a break from shares .
I think everyone knows why and been discussed to death,
Royston...
Casc initial production rates not being met.
However, success at Cas 2, good progress on satellite for pipeline and B pad, Cas 3 result due soon, new choke on Cas ST1, perforations at cas deep. A lot of very near term triggers, then add on asset swap and bid round sign off.
Also rumour they will go straight to Cas 4 from Cas 3 now that would be excellent news...
I KNOW you are . Patience IS THE GAME here lets hope flow rates end of month and cash is up .Atb
We are here, market very quiet.
Johno, you are, in your desire to prove otherwise, right. However, my point is that, despite the good news over the past year, the share price is now trading at just 55% of last August's high of 93p and 29% of the 175p high.
Maybe you have an opinion as to why?
A FEW posters gone here as well very strange
Cas 2 was a deeliniation Well , significantly giving us multiple drilling.points between Cas 1.
This is a Massive plus which is not priced in.
Let alone the larger Choke being fitted to accommodate the pressure we have.
Extra perfs also , plus if Cas 3 is the same as Cas 2 ...
Hold on to your Hats
Aligator - it was only the announcement of increased loan term agreement that resulted in SP recovering to 51p?????
That is completely wrong, the SP hasn't increased since that RNS and was this price pre the announcement of loan agreement, you're forgetting Cas 2????? That gave us the lift!
Cas 3 to hit TD by month end, hopefully a similar result to cas 2 :)
Ayecuramba, I hope you are right and good luck in your investment. However, my concern remains that for some considerable time now, going back to first gas from Cascadura and and before, people have been making such positive comments, only to have their hopes dashed. A year ago today, the sp was 64p and, on the back of Cacsadura progress, climbed to 93p in early August. Since then, despite Cascadura completion and the drilling of further wells on the discovery, the sp steadily declined to 40p on 5 February. It was only the announcement of the signing of an increased term loan agreement that resulted in the sp recovering to 51p but the reality is that, despite Cascadura, other wells and increased loan availability, the sp remains sits at just 55% of the August high. There is little logic for this scenario and one almost gets the feeling that the market is being controlled for one reason or another.
That said, as pointed out in my earlier post, I don't think the BoD of TXP has the commercial savvy to deal with this issue. It may be technically proficient but from an investor/investment perspective (remembering that all directors are shareholders) it has failed.
Nothing much happens today, got some money transferring to my ISA, expecting big win in coming Qtrs, believe Q4 & FY23 results due end of next week, happy days :-)
Think your be in for a pleasant surprise...
Soon
Thanks scored, I will take a hard look.
Supersport, I did get some cheap shares but sold when they hit 175p, making a tidy profit. That was about 3+ years ago and I decided to get back in over the past 30 months. My average is now closer to 80p so hoping that the 90-100p targets are met this year, if not early next.
If I remember correctly you bought at 8p many.moons ago .
Hope you caught the rise coz you was very positive back then .
I went completely away from shares .
But I have returned with a vengeance ..
Company is a far beter place now.
Granted there of the radar for now.
Excuse spelling mistakes ,I'm on a train fairly crushed
Alligator .
All your points are Valid ,however my take on things are about to change very quickly.
As for frustration with TXP no one I believe can before frustrated than me.
I bought 650.000 of these when they were fluctuating between 10 to 12p.
I had them for a around one year
Unfortunally i had to sell them because of a unforseen situation in my circumstances.
Within around 4 months they hit £173 ...
Although I'm now paying.much more , I seriously believe I will see a very good return this very soon an beyond.
STILL say txp be well north of 1 pound a share in 12 months
66 percent oil and 34 percent gas approx 60000 bopd 600 million debt but massive tax credit next divi will be 11 percent approx
Hi alligator ithaca energy is worth a look great divi and making loads . Watching what the new hedges will be as gas prices are bad . There hedges atm are great .Hope all is good