TM/J/BB, Yes i agree and no would not do it here. Then would be crucified by a seller would sold at 150p at bought back at 55p and waited what a year.
Short term no, if a RNS drops on Coho and large buyers drop in and stock goes to NT. Knowing the day i traded probably loose, as not covering the buy on spread on sell and buy.
How many companies are going to take there revenues by the X10 on this planet and stated.
It has been demonstrated so many times where this is going and why the product is needed.
When the sensible people work out that the long term nutters here may be right, it will be to late and the nutters washed away in a sea of cash, poor souls.
Just for stupidity comparison to M & S, apples and oranges.
From memory Marks has 2,000 million shares at 136 for a net profit of 76 million. If we reduce there shareholding by a factor X10 then there price moves to 1360, while our profit is technically
twice that. So with a reasonable holding multi comes into play and all you have to do nothing, if it was that simple.
By 2023, the Touchstone Exploration (Trinidad) Ltd Cascadura Field project is expected to produce up to 200 million standard cubic feet per day (mmscf/d) of natural gas with the aid of its new separators.
On Friday, the company revealed the equipment, which was housed at its Forest Reserve Road, Fyzabad office. The large CAS-1 ST1 and CAS DEEP-1 horizontal separators and the vertical flash separator were shipped from Stettler Alberta, Canada, while the vapour recovery units were shipped from Midland Texas, USA.
Touchstone said, when Cascadura starts production, it was expected to start at 60 mmscf/d and then ramped up to 90 mmscf/d by end of 2022 from the two existing wells.
Exploration manager Xavier Moonan said, “The Cascadura field, from getting all that data from these two wells, we were able to establish that there's potentially 700 billion cubic feet in place. That's impressive in onshore gas fields. That makes it actually the largest onshore gas field ever discovered in Trinidad.
“Natural gas will go to Point Lisas but there are also liquids (condensate) which will go via a pipeline, that we will construct southward and that's where we will be able to add oil production to the country as well.”
So based on fag packet Coho pipeline is 20mcf per day, bring both pipelines to 220mcf per day which equates to 36,000 boe per day.
From Directors talk PB after 20,000 boe per day at 30$ profit per barrell equates to 600,000$ per day X 365 days = $ 219 million in profit, comparable to a 200 million market cap, must be the wall of cash he is talking about and he wants to fill the pipeline onto, am l wrong or right.
Revenues X TEN Royston for free Cretaceous for free, ask ExxonMobil if this is worth a punt when there wells down in Surinam pumping out 100k boed. Let alone production wells and Casadura probably only scratched the surface.