Member Info for davidblack

So he still has his hands in at least one of Eqtec’s pockets plus Newry which sounds very odd.

EQTEC STRATEGIC PROJECT FINANCE LIMITED Listed as a 100% sub of PLC in last years accounts.

Actually 4 companies in total!

Three at Eqtec’s London address and one in Newry NI.

Except he is still a director of an Eqtec subsidiary called EQTEC STRATEGIC PROJECT FINANCE LIMITED
So still in situ!

https://find-and-update.company-information.service.gov.uk/company/08929105

Well except until last year the FD of Kedco on the float was the FD of Eqtec 13 years on.

A certain Gerry Madden.

Gerry only recently retired from the group where he remained a director of some of the subsidiary group companies until a few months ago.

Wish it wasn’t the case but he even still has warrants exercisable at 0.25p until March 31st 2023.

So that really is continuity.

It’s not technically correct lol.

It’s just the facts as stated by the Company on their own website.

The public company first listed as “Kedco” has bought many assets along the way with the last being Eqtec Iberia in 2018.

Their changes in name seem to represent attempts to hide past failings?

As to the more recent “Eqtec” nameplate performance from 2018?

That Spanish acquisition also came with a 0.65p placing so the share has only gone down 25% in three years.

So the best performance in 14 years for the company but still 25% down.

Let’s hope the commissioning of the Italian plant by end of December marks the end of this pre commercialisation era.

Sadly not the Company was listed on the 20th of October 2008 at 17.5c as Kedco and has since had a few name changes with the last being to Eqtec in 2018.

But the legal entity and performance dates from October 2008 when 17.c was about 12p.

The source is the listing documentation from Eqtec’s own website as required under the Aim rules.

https://eqtec.com/wp-content/uploads/2020/05/AdmissionsDocument.pdf

The performance to date since launch is -96%.

Lol, do you dislike the stock or just those who like it?

If Royston can deliver 10k at $35 netback that’s $10m a month of cashflow to play for some serious exploration.

Putin made more money on the gas price moving up due to tensions than the cost of his military exercises.

The trouble with EQT is that’s it’s a business not a flight of fantasy who move on hopes, intentions and partnerships that often have not more substance than the photoshoot to record the signing.

EQT sadly pours concrete, delivers large bits of kit and puts it all together over 15 months. Plus there are a few delays and challenges along the way.

But reality is the only plane that delivers cashflow and future customers based on needs not fashion.

Get the feeling that TXP have stopped trying to cheer up the shareholders.

There is generally a couple of reasons why that might be so:

First either the management is just exhausted giving out “Good News” which the then jaded shareholders discount viciously by picking holes in it such that the price goes down.

That feels about right for how the market currently feels, no longer willing to “Keep the faith.” The core believers are loaded up and whilst not selling they aren’t buying and there are few new converts. The shorters and their allies are setting the price agenda.

Hence the modest pricing!

The second option is the TXP management no longer feel they need to justify the stock any longer.

That version has the legacy drills from last year pumping cash, the pair of Coora will chip in another 300bpd approx, Royston test too and most importantly they are pretty sure that Coho will be on line ahead of that 14th March reserves RNS and all at $35 per barrel netback which really moved the needle.

Personally I am guessing that second option is now underway and TXP are gliding into a new era for which the “Starting Gun” is that reserve update.

No everyone think is Trudeau is com man already.

Think Boris without the brains also just a little bit more accident prone. Yep hard to believe but it’s so.

His moment in the sun has past.

Or a four legacy oil wells with infrastructure in place with a combined likely production of 400b for $4m yielding at $35 net $420,000 and no “Shell issues.”

Plus the risk would be spread!

If they do want gas online asap then they have been asleep at the wheel. They cut the gas deal with TXP 13 months ago and Coho still waits.

The NGC should be making at least $1 per 1,000 cf on the deal they struck with TXP.

So they are losing out at the rate of $300,000 plus a month because they haven’t delivered a pipeline that according to Paul Baay should take 6 weeks.

The big issue is the dry season ends in June.
Laying pipes through a subtropical rainforest in heavy clay like soils is a nightmare if you are highly constrained about minimising the damage to a pristine eco system.

Josef Schachter, President, Schachter Energy Services Inc.

Touchstone Explorations (TSX:TXP),
Market Cap: CDN$323 Million,
One Year Return: -34.5%,
Current Price: ~$1.52,
One-Year target $3.00

Reasons:
• Touchstone has made three exploration discoveries in Trinidad where they operate.
 
• Production should rise to over 10,000 boe/d by Q4/22 when the two Cascadura natural gas wells come on-stream.
 
• Fourth quarter annualized cash flow should be more than C$0.55 per share.
 
• In 2022 they should drill up to eight wells (six development and two exploration – spending over US$50 million).
 
• The exploration wells are high impact potentials. Their 2021 oil discovery at Royston should see a four-well pad bring on production in Q1/23 adding 2,000 b/d of light oil.
 
• The stock is cheap at current levels but would be a very attractive BUY below $1.40 per share.

Post London they have repeated that pattern closed 164-165c or 95-96p 3p higher than London after being lower earlier.

Omicron will be the saviour of the economy. Yes lots of flu like symptoms but few seriously Ill beyond the unvaccinated and health compromised.

Once this becomes clear the stock market will go up sharply.