Member Info for Desmond45

Appears to be a ‘jam tomorrow’ kind of business plan. No real indication of when (if ever) they may actually produce meaningful revenues. Can see this going the same way as Versarien

Bagzzz also pumping PXEN which is down circa 25% in the last 5 days hahahah

Huge lifting scheduled for august with 70% of the barrels hedged at $80. Company becomes cash positive in the next 3 weeks. Fantastic prospects here despite losers like bagz talking it down GLA

Performance rights!! Lmao!

long time watcher of panr but always been sceptical of the central north slope geology having seen the ****show over at 88e. however; given panr actually have proven oil flows, third party validated resources and are now cashed up this looks like good value to me below the placing price. aimo glala

So the 2D seismic to assess for a new jam tomorrow wildcat in namibia (that the company can’t afford without issuing more confetti shares anyway) failed to send the price orbiting. Who would’ve thought it! Death by a thousand cuts similar to ukog

SP sinking without trace. 0.095 on the bid looks like the begging bowl will be out again soon enough.

Fully funded… until the next cash raise

Yep can’t imagine it will be long until the lights are out for good TBH

Nice to see the oil price flying just in time for the 450,000 Bbl lifting. Serious cash generating

The seismic in Namibia will almost certainly identify a bazillion barrel prospect, which they can then use to issue more confetti shares to the next cohort of bag holders.

Maverick - as per the broker note released today when adjusting for post-tax oil sales of accrued oil inventory the company is actually net cash of circa $13m. And that’s with a conservative price of $75/bbl applied. 450k bbls to be sold in June and there will be many more liftings for many more years given the license was extended to 2040. This company is in an OUTSTANDING position for another acquisition and I for one look forward to dividends.

Issuing performance rights after the last few years performance is just adding to insult to injury for long suffering holders. Astonishing

Congratulations to all holders! Stunning update and can’t wait for the webinar

The price action indicates a large seller is getting out IMO - probably North judging from the earlier TR1. Given the millions of shares they hold this is a falling knife which retail holders are trying to catch.

Government has absolutely killed this stock along with a bit of bad luck operationally on the assets.

A far cry from the glory days at RRE. Still looks overvalued at these levels to me given such material tax and decom liabilities. UK and Europe is just no longer attractive for smaller E&P and Kistos has clunky declining assets with large future decom costs . Scandi is better but the tax rate is obscenely high and isn’t overly lucrative for Kistos with a 10% stake.

Unreal performance here. Feels like somebody might have gotten wind of the next deal looking at the price action. Life changing stock for me already and can’t wait to see it all play out!

Interesting webinar, however with “high £5ms” left this looks overvalued to me at £20m+ cap already based on the current assets (RREs in Sweden and Copper in Cyprus, then looking to offload Graphite/Li licenses elsewhere). Cooper tailings will hardly be lucrative (although a subsequent solar farm sounds interesting), so near term a lot really depends on drilling results in Sweden and the quality of any further distressed assets purchased. AIMO

I think the only people who are salty about the deal are TXP holders who bought in much higher and are upset about the dilution at 40p. Anyone with an objective view can see this deal makes total sense for all involved. Provided it gets accepted touchstone will gain $200 million worth tax losses they can use for offsetting to pay less tax. I have a target price of £1.50 here over the next 3-5 years

I like the look of this deal - TXP has a huge foothold in Trinidad off the back of the deal and appears grossly undervalued IMO!