Member Info for Christo4

Well said LEXION, agree with everything

Yes. There are eyes everywhere in T&T.

Service rig on route to Royston. Oil for Xmas lads ;)

Yep, trucks are moving and means the gas meter is running. Cash machine is going brrrrrrrrr

Seems Canada has more brains and balls than LSE.

Great day, well done to PB and team, and to all holders who waited a long time for this moment

Big fat juicy RNS with Royston flow rates and confirmation Casca connection stable

That didn't take long. I'm continuing to accumulate. Risk priced in only upside from here.

I'm happy to add too. More upside than down and a decent dividend to collect whilst we wait for the re rate. GLA

Hard to do full calc here but based on combined MCF from Coho & Casca being 39,000,000 @ $2.63, Revenue $102,570,000, Cap ex £300,000 (estimated), royalty -$13,500,000, gross income = $89,070,000 . Priced on P/E of 4 and forward earnings gives (US)$1.72/£1.34. Royston potential income not priced in as we've had no announcement. Happy for someone smarter to do their calc and suggest higher, I'm invested so the higher the better but boggles the mind this still trades at 80p and not much higher.

The price this should be trading at...

Casa gas flowing, no problems and Royston better than expected :)

Should move up in anticipation of good news then rocket when news received

Assume Casca already connected and waiting for commercial delivery and sale before announcing? Or waiting on Royston drill ? Be nice to know either way

I wonder if the Suriname deal could open doors for TXP elsewhere in the region?

https://www.reuters.com/business/energy/trinadad-tobago-proposes-carbbean-energy-alliance-with-guyana-suriname-2023-01-23/

Dropping like a stone now. Seems their largest ever contracts and covenant waiver aren't enough to get this to pump. Market is expecting results to be a disaster? Anyone know why?

£2 is realistic if Royston tests of the intermediate come back as expected.

I think next leg up will be when results are posted this Thursday. Market is pricing in disaster so anything better than that will move the SP North. The huge new contracts are the only thing priced into the current MC. Feels like a gem of a turnaround play this, although it make a while before momentum builds.

Agree it seems cheap, market hasn't cottoned on yet but most price targets are north of £1.30.

It's a framework, which means they'll be various roles over say a 5 year period, but the spend is up to £500M. TPX is one of the larger service suppliers in the framework so they will be a larger winner of the contracts available. Even if TPX only get 5% of the work available that's still £10 mil. My industry works much the same way.