Member Info for davidblack

Actually a small apology to him his other picks are Palladium One in Canada and Thrisa both of which are throughly respectable.

Fair price for TXP mine today would be £2.50 but it takes a lot of momentum when a stock has risen so fast to propel it up another leg. And this market is struggling with momentum no matter how good the assets are. Delays also don’t help but they will pass.

First post also! Curious.

Well hopefully the testing equipment is now there, set up and fully working to spec.

Personally not bothered about the oil test, as what would be the chance of hitting the oil in the right location? Not too high I would guess. No doubt they will get useful information and look again as they put down other wells. So still upside in place, possibly?

As to Chinook that feels much more positive than the last time we heard. When this all kicked off Chinook was supposed to be the bigger prospect and that sounds like it might still have a chance to be so in that presentation.

Cascadura Deep again looks like it’s going to be good. Roll on that RNS.

And so we wait and for me hopefully I can bed and ISA some stock ahead of any RNS.

Fingers crossed!

MJ I am not ranting about delays which happen.

What I dislike is that PB has repeatedly misled the market as to testing.

So no rant it’s just they are now 3 months late. It didn’t take that long to drill the holes!

The upside of EQT is the proposition seems simple, household waste being used as energy not going up a chimney and polluting the rate payers.

Clearly it’s not that simple but in terms of “Pitching it to a lay person” it’s a 90 second easy to understand proposition that solves a problem that lay people believe needs addressing.

Both PHE and VLS take much longer to explain and their solution doesn’t address the local rubbish issue as directly.

So my vote goes with EQT because it should sail through local adoption and planning issues.

From 2016?

Yep sounds daft calling this a “Blue Chip Investment” but the Green universe is an odd place and this PST last weeks progress update looks to fit the bill with a stable future business flow, ability to bring on its own projects, post significant R&D risk and funds in place to drive growth.

So an odd phrase to use admittedly but it has most of the qualities required other than a track record! And most old “Blue Chips” are rapidly losing that status as the world changes and steady predictable margins are eroded.

Yes like that last resource update.

It was a pleasant waste of time as the delays in testing May mean 50-60% of their assets were not included and merely there to tick a compliance requirement not provide shareholders with a meaningful snapshot.

Apologies yep your right 2,500 barrels is 400,000 litres which would be 40 mid sized tanker trucks a day. So just 1,000 barrels from the first couple of wells would probably be the max if the locals were being sympathetic.

2500 barrels is 16,000 litres so two trucks a day?

EQT is now 34% of my trading funds portfolio which feels crazy but this time I haven’t been “Sensibly diversifying” as I have in the past and guess what the portfolio has flown!

The initial high risk investment at 0.19p now feels like a distant country after I read yesterday’s RNS and decided I now hold a blue chip green growth stock! It’s been a funny year.

I have one other obscene winner in TXP, a gas company in Trinidad that keeps on discovering with each well.

Thank god they are not in the same sector!

But this might get you excited:

https://www.bloomberg.com/news/articles/2021-03-19/the-world-will-need-10-million-tons-more-copper-to-meet-demand

Was a shareholder, it’s difficult mining as it’s a small deposit though with higher prices the waste ratio will have gotten a lot better.

Or Advfn private message

Happy to send you the cutting but need an email address as it’s a photo.

This is much better, old but much better.

So put in your own numbers into the matrix and you will get a much fairer estimate of value.

It’s from a company not looking to “suck up to their clients vanity” as Finncap need to.

Just an analysts personal thoughts which obviously their clients look at for ideas but TXP are not a client so it’s “Independent” in a way Finncap cannot be.

https://www.hydracapital.ca/2020/05/11/fun-with-touchstone-numbers/

And the publicly stated that they intended to test it post the reaming or widening post 10,000 feet at which point they had a mechanical failure.

That to me sounds like half a confirmation of hydrocarbons?

Royston and Steelhead are both Herrera target 3,000 feet above the Cretaceous Kraken target.

Royston is a twin for an old well OL-4 and off its drill pad.

Steelhead is to be drilled if Royston is successful for a second location 2 miles south which was the location of a mechanically failed well OL-2 and off its pad. At the time t was being widened and deepened down to 12,000 feet when the drill broke ahead of stated testing. In 1959 it was the most expensive well ever drilled at $400,000.

I have the news clipping Re OL-2.

The Cretaceous discoveries in Guyana each discovery so far holds on average 300M barrels of oil equivalent, says Rystad

That’s the size of the possible prize of Kraken if it came good.

Makes you think when at $10 a barrel in the ground in Trinidad, because it’s sitting by the pipeline, that it could add circa $2bn in assets at a stroke.

Message relaid by am an IG trader rather than personal knowledge. I am 100% straight equity.

I do think something happened there yesterday given the volume pre 10.30 and the way they plunged the stock for a few hours to depress the sellers.