RE: North Energy26 Nov 2020 09:47
Baay and Shipka are doing excellent jobs in the pilot seat. A refreshing change from most other AIM dross companies.
Although it’s a rampers cliché, the current SP really does strike me as a coiled spring, trading in such a narrow range. The original casca well was terminated as they essentially “ran out of drill” whilst in hydrocarbons as PB stated. I’m awaiting eagerly to see the extent of the pay zone in the intermediate target. If the third and final zone is also hydrocarbon bearing (and potentially connected to chinook), then this transforms TXP to a £500m+ Mcap company IMO
The next well on the agenda, Royston, has always been the biggie too (500 meter zone of gas in historic well never tested) and don’t forget the NGC contract. So much to look forward to here.
Make no mistake if Casca deep and Royston come in on schedule; I firmly believe we will be gobbled up by a major oil company.