Member Info for danawinner

I have been in and out of TLW in the past month and managed to come out slightly ahead, thankfully.
Carapa was indeed Carapa than we hoped for. 4 metres of net pay.
Fortunately I went heavily into Cascadura, (look it up) and that has got 300 metres or so of net pay.
The focus is now off TLW.
Time to move on.

The market, of which we are all part, will decide.
For me, there is a psychological barrier of £5 per share, and cannot see it falling below that.
In the meantime, we can't do anything by buying or selling shares, so take some time off and go and watch England win the Calcutta Cup in Edinburgh, well on the telly at any rate.
Good luck England.

I remember Dana very well indeed.

I bought in with £10k at 11 pence.
I withdrew the money many times over and it eventually sold to KNOC at £18 per share, for £1.6 Billion, from memory.
I only had 1,000 shares left at that point.
KNOC got their money back in two years with the oil revenue.

The CEO, Tom Cross set up Parkmead PMG with his £35 million payout.

Touchstone TXP is my next Dana, although I am tempted here for a small wager, hence why I am reading the posts and could not resist answering your question.
GLA

Trek,
“Well I would have a problem choosing between my wife and TXP now”
Two amazing gas discoveries!

I'm sure that your wife likes being called amazing, but I'm not sure she would appreciate being called a 'Gas discovery'.
Still, you have to sleep with her so you probably know her pretty well.
lol

Trinigas have you been celebrating?
120 days per quarter is impressive. Most quarters only have 91 days in my calendar.
Oh and we have those horrid things called overheads to think about.

Wonderful clear blue sky and sunshine.
It was a bit frosty first thing and it only got up to 10 deg c but there was no wind to speak of.
Oh and TXP did quite well for us.
First £20k gain in a day for a long while for me.
I even bought a round of drinks this evening.
Hard to tell where we go from here over the next couple of weeks, we only seem to make real gains on news and then our dear friends from the North keep selling into it.
I am however confident that we are becoming more and more on the radar, and hope that Shore Capital will get on with the Broker note and give us a stonking SP target.
The PR people need to get on with it and bang the gong far and wide.
We may go on hold a bit for the next couple of weeks, but I for one have real confidence that we should see 50 pence by the end of the month, as I said a few days ago.
A well-earned break for me for a few days so please look after the Board for me and play nicely whilst I am away.
GLA.

Paul said that Cascadura is worth 5,000 boepd equivalent NET to us.
Far more than the RNS. Still early in Trinidad, not sure that he meant to let that slip.
Good news though, another 10 pence on the share price, probably more

For those prospective (older) investors that don't know the rules, here is a bit of info-

Advisers expect to increase their clients' allocation to shares listed on the Alternative Investment Market (Aim) in the coming two years, with inheritance tax benefits being the major reason.
Research compiled by Intelligent Partnership in June and published in its Aim Industry Report this week (September 11) found 56 per cent of advisers cited inheritance tax planning as a key reason for investing in that market.
Most Aim shares, if held in a portfolio for two years, are exempt from inheritance tax.
The exceptions are the shares of companies that are themselves investment businesses, or companies whose sole function is to invest in property and collect the rent.
Paul Jervis, who helped compile the report, said: “In terms of the relevance of IHT, 56 per cent of advisers in our survey said IHT planning was one of their top three reasons for recommending Aim to clients, followed by growth (55 per cent) and diversification (38 per cent).
"Tax planning excluding IHT was referenced in the top three by 35 per cent of advisers. So it's fair to say that IHT is one of the key reasons.”
https://www.ftadviser.com/investments/2019/09/13/iht-planning-drives-demand-for-aim-shares/

Hi again Norb, yes I do think that it will still be 75% Private Investors, as even at £1.17 SP it will still be a small Market Cap company of less than £200 million.
I can't see us leaving the AIM market for some time, if ever.
Under UK Tax legislation AIM Market stocks are very attractive, as there is no stamp duty (purchase tax) on the shares, and they are very attractive to older people, as if you hold them for more than three years before your death, they are not subject to Death Tax (IHT) which is charged at 40% on assets over £325,000.
Many of the UK Institutions are reducing their holdings in Hydrocarbon stocks for 'Green' reasons to attract investors who think that Oil/Gas is evil! Even though they drive their cars and heat their homes with it.
Double standards imho.

Good to hear from you Norb,.
I made my assumption based on their past behaviour, and the Scandinavian tendency to reduce exposure to the Hydrocarbon sector.
I realise that you are a shareholder in North, and probably don't want them to sell down, but an increase if 40% in the TXP share price is going to make them overweight in TXP as a share, and also their exposure to oil and gas.
I know that it is counter-intuitive, but big companies like North are regulated by Accountants and Actuaries, and they only look at the numbers, not the potential.
Nevertheless, North still has a very large holding in TXP and you will continue to benefit.

An excellent start to the day, imho.

Sadly, I think that North will struggle to stop themselves from selling into this, which will hold us back a little in the short term.

However, as we sit here rattling our keyboards, investors are researching away and looking at the numbers. They will not be disappointed.

The next thing that I am expecting is a Broker note from Shore Capital, with a Share Price North of £1., which should help nervous buyers over the line.

In spite of Institutions' reluctance to invest in Hydrocarbon stocks, this should tempt a few, but they may keep below the 3% notifiable TR1 level.

All in all, I think that we may very well head towards the 45 pence level by the end of the day.
GLA

My 50 pence estimate by the end of the month is looking quite safe.
Here is my valuation which I posted yesterday, before the news.
Here is a very simplistic valuation.
Existing production 1,729 bopd which covers costs and a profit.
plus
COHO 1 Production 1,500 boepd net at say $30 per barrel contribution = $16,425,000 per annum
plus
Cascadura say 3,000 boepd net at say $30 per barrel contribution = $32,850,000 per annum
Total increase in profit = $49,275,000 per annum
£ / $ Exchange rate = 1.30
Increase in profit = £37,900,000 per annum

Assume Market Cap of 5 X Profits = £189,500,000 This is a very low multiplier compared with the big boys - Shell is 11.3
161 million shares = 117.7 pence per share

There are lots of assumptions and projections here, and it may all be a pipe dream, but we can only speculate at this stage.
If it turns out to be correct, it would give us a four bagger in fairly short order.

Then we have the two much bigger prospect drills to come later this year..........

I stand by my estimate for Cascadura of 3,000 boepd net to us, once we have completed the testing of the other intervals.

It has been quite a good day for us today, but there is a HUGE amount still to come.

I still think that we will comfortably hit £1 per share by the end of the year.

As I said some months back, TXP is my next Dana, the share that keeps on giving.

Well done everybody, hold onto your shares.

all day

Soon be number 1

then onwards

https://www.youtube.com/watch?v=Y9znA_dwjHw

No need to be Cautious on this one.
Even if that were to happen, they would wait until the SP is much closer to its potential.
There is so much good news yet to come that I firmly believe that we need to get to 50 pence before that were even to be considered.
Paul has reiterated that he does not intend to issue new equity, but if it were to be available at a significant premium to the SP and from a long-term Institutional Investor, and it accelerated our programme, then I for one would not object.
Forward sale of gas is by far the more likely option if necessary, which in itself would be a form of hedging, so let's not get too concerned.
7.00 am start tomorrow then?
Let's hope for another even better day tomorrow then?!

Down at twenty something today.
In the next few days we should be in the top three, imho.
That RNS can't be far away..............
Hold on to your shares.

On the move.

Even for a minimal £500 worth. Cannot get a quote.
Easy to sell 50,000 no problem.
Must be about to move up.