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No RNS tomorrow probably means we'll have FUD untill a RNS hits.
I know what you mean Scott. TXP ticks a lot of boxes. Undervalued, Income jump shortly, growth potential, not going bust, near term catalysts. I'm accumulating Aminex, Helium One, Central Asia Metals. I probably have enough Predator for my risk appetite for now, waiting on funding confirmation there. I too look forward to being able to grow positions elsewhere, but at the moment TXP is such a bargain versus known future revenues. The brokers alluded to 1,000bopd from the 'crappiest rock' in Royston. At $20netback that's another $7m /£5m profit, so another £50m added to the mcap.
highlandmatt:
I did add a little at US $1.86 this morning. Have a bid in at US $1.80. I am actually getting sick of buying TXP. Would like this comfortably above US $2.00 so I can just watch and wait and find another spot for new money to go. But right now I am having trouble finding a better idea than TXP below $2.00.
I am buying a little BEPC in another account but that is a different deal looking for safe long term income with some potential for growth of dividend over time. I am following Helium1 as a return from the near dead play. Trouble is the near dead can become the dead. I am adding to Royal Helium a little. I have been adding to Frontier Lithium but have paused buying that - have an okay position to benefit going forward. I love CEQP as an undervalued income vehicle - but I have enough. Not much else is appealing to me (though always open to ideas). I have actually put a little more into cash to cover some obligations coming in next 18 months.
For info 132.9 is the ask, so buys are appearing in red.
Oil is off $10, so all my energy stocks are down. Current SP doesn't cover Cascadura in production, which means Royston oil is free, if you are prepared to wait. I've had another top up. Like Scott, I'm a buyer below £1.50/$2.
Toronto closed at 1.40p mmm
Every morning 30k to 40k sold on the opening bell to keep the average price low when some of the best news coming
In its history. This is going against all common sense. Low ball offer Jan next year.
Many will disagree but cannot be normal selling.
Not today.
So when will it happen
Apologies Tobin, my post was all ball**** and feeling flushed with embassament.
Being in the inventive mood PB in his next proclamation will have us more flush or not or feeling abit more turdified but l prefer ****. That's with one T.
Corpse: Crapping as in Thomas Crapper ... 2 ps pls, lets keep some quality up on these boards!
Stressed, people were craping themselves at 50p and a £1 and tough at 140p.
What are you going to be like on Krakken then on the flow testing Krakken.
Man up boys.
I like it a lot... Some anxiety on this one since its the most important announcement to come out of TXP so far. I have a good feeling about it but Chinook still haunts me a bit. RNS should be this week so I wanted to wish all the contributors and shareholders the best of luck. It's been a tough wait but we shall have our answer soon.
KABOOOOOOOOOOOOOOOOM
just practicing ……
Good luck for this coming week.
Have to admit to feeling a little edgy tonight !!!
Might have to go out and clear some snow to divert my mind
GLA for tomorrow’s possible RNS
Hopefully getting the wording exactly right. Simple, straightforward clean. No surprises and no qualifications.
Something like this (my best shot or maybe my dream only - numbers in parentheses are place holders) :
<
Following completion and a clean up period, the well was shut in and pressure built to (3000) psi at surface, estimated (7000) psi reservoir pressure). Well was then flow tested at various choke sizes including an extended 24 hour flow test.
The average flowback rate during the extended 24-hour test period was approximately (5,000) boe/d, including (25) MMcf/d of natural gas and (500) bbls/d of NGLs.
Approximately (50) MMcf of natural gas (8500) boe) and 1,100 barrels of NGLs were produced during the testing period.
Field analysis indicated liquids rich gas with no hydrogen sulfide and no produced water.
The well was then shut in for extended pressure build up testing . That testing is complete and the downhole recorder has been retrieved. Results from the pressure build up test will be analyzed by company and by independent analysis to determine reservoir size and expected initial production rates.
Attention has now been turned to the third planned test at Royston 1 of a separate and higher overthrust sheet at the top of the Gr7a Herrera sands which has shown 62 feet of net pay in an 84 foot interval. Results from this third test are expected before the end of the year. >>