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Any answers to my questions regarding the pressure measures and what they represent...? Are they suggesting the original pressure reading for JS1 is a good indication of 820mcf flow rate...? And if so, that JS2 is already projected to flow at a higher rate...? I cannot work out the significance of the pressure readings provided so some help / clarification here would be appreciated.

BBs should have started the second they had approval. The sp is languishing and they have a chance to mop up 10% of shares for f'all.

Agree YHAL, I think some of the other big holders believe he is a blocker. For all we know he could have scuppered the last deal and sent the sp to where it sits now. To what end, well perhaps he wants to make a bid as well...

We'll find out soon enough Stas. My bet is on high 20's until Casc is starting to deliver, which will be Q4. They have all but said the deal is closed, and yet we cannot break 22p. Cannot see how we will jump 35% on the back of confirmation alone/ And the reserves etc mean nothing unless they have the money to extract them.

If they can get Casc running near potential then the 30's will be shortlived. But that does require them to do something they have yet been unable to achieve. Other factors that can add +25% will be tax breaks and/or repricing of gas contract. Let's see where we end up in 3 weeks. I'm certainly not going to complain about +30p.

Acquisition is all but done. Government approval and financing are the two big hurdles and one has just been overcome. I would think the financing is days away, which is why they have extended by only two weeks. Question is what will this do for the sp. Those thinking the 30's will be disappointed imo. This will only happen with a good Casc4 outcome. And so far they have taken 4 months and the drill isn't even finished. let alone hooked up and flowing. The mgt team are absolute clowns and until they can get the golden goose to actually lay an egg, we will go nowhere near breaking 30's, let alone 40's in the next 12 months. Eggs are currently being purchased for tens of millions. And these !diots have had nothing to do with the Central production. External factors are the only other things (other than Casc actually producing) that can help in the next 12 months. Key things being a change to the tax regime, or a change in gas pricing. The LNG pricing is a couple of years away, but in 12 months it could get interesting if they're holding out to send most production in this direction.

My bet is on high 20's post Central. The 30's will need to wait for Casc 4 and other wells being drilled THIS YEAR.

Smart, I think you need to temper your expectations with those numbers. For starters 'up to 14%' is not going to be anywhere near a 14% average from flow. Same goes for CO2, although I imagine the average will be nearer 70% recorded. Perhaps use some more realistic numbers. I suggest you use 750mcf and 500mcf as your base flow rates. And then go with 3% and 5% He, plus 50% / 70% CO2. Use $500 He and $20 CO2 per mcf.

For these numbers, you get a lower range of $4.5m (500mcf 3% / 50%, @$500 / $20) and upper range of $10.5m (750mcf, $500, $20, 5% / 70%). Either way, the wells are economical and easily pay for themselves in Year 1. Capex is minimal in the grand scheme of things. Key for the sp to go up is not only the economics, but also the land package increasing. If numbers are at the lower end, but they triple their land package, then we will still get a good jump.

Big question for me is what do the pressure measures mean...? Are they suggesting that original pressure reading for JS1 is a good indication of 820mcf flow rate...? And if so, that JS2 is already projected to flow at a higher rate...? I cannot work out the significance of the pressure readings provided so some help / clarification here would be appreciated.

Any thoughts on the 635k trade on Friday...? I haven't seen one of those since the dark days of the t/o offers falling over alongside a heavily reduced guidance statement. At least the sp is going in the right direction. Problem of course is we have no idea wtf is going on here, and I get the feeling neither do mgt. Let's hope for some good news for once from our clown bod.

News next week then. Reckon if we get circa 1mmcf from each well at 5% He this will rocket. That would be in excess of $10m per year per well with He @ $500 and CO2 at $20 per mcf.

Toxic, do you know what % CO2 happens to be with JS1? I'm sure I read somewhere the % was massive, like above 70%. Can anyone confirm? Let's hope for something brilliant. Tom has certainly talked a massive game until now. Reality check time now. GLA

I think I've answered that !diotic assertion I've sold out previously Hard. Good for you turning up recently at 5 year lows. Thankfully my average is around 25p. Doesn't change the fact this bloated mgt team are f@cking useless. Oh and go f@ck yourself.

Sorry, make that 19.5p.

That's their job Sturm, especially as the biggest on-shore O&G company in the country. Otherwise why invest here...? Or should we just keep saying 'oh well that's TRIN, it's not up to TXP mgt to get things right'. Yet another example of why the sp is 20p. Absolute clown show.

So not only do mgt have no f@cking idea of the geology, they also appear to have no f@cking idea of how to drill a hole. Couldn't make it up. Any cost savings from taking a shortcut now is heavily out-weighed by the amount of time Casc 4 isn't in production. And they need to use the materials that still haven't been delivered.

So what exactly is happening with Casc 4 now? First we heard of issues was via a private investor group chat, and then from PB. What exactly is going on now? It should have been drilled and hooked up months ago. It's almost May ffs.

Agree with everything you are saying about the potential here, Toxic. And if this turns out to be a damp squib I think our mgt team will have a lot of egg on their faces. They have been trumpeting PLSR's potential with some very big statements, and doing a huge amount of legwork with the state government, as well as educating the public on the importance of He. Would be embarrassing for this to come to nothing. I think mgt know what they have here, and that's why they have such large company ownership, and have tried to minimise dilution.

Like you I'm confident of flow rates above 1mmcf. The He % is a ?, but even with 5% each well is worth a huge amount @ $700mcf and CO2 @ 30mcf. Only major issue I see here is the size of resource and land package. I think if PLSR get the hoped for results, we could easily 2-3x. For us to achieve the holy grail returns of +5x they will need to increase the land package substantially. It would be wonderful if they prove up the play and then drop an RNS of far greater land rights soon afterwards. If this area is of major significance to the US the sp will go bonkers.

Double, you talk of no IIs and then name TWO major funds. Pretty stupid thing to say. It might also be worth looking at how many shares those TWO funds own. And then re-check the register for other funds that have bought in. You'll find that fund and insider ownership here is massive. And given they tend to do a lot of research, and insiders are well insiders, you should probably re-look at this as a +ve sign.

Having said this, I agree that most outsiders have little to no idea how to value TIG because they don't understand the revenue streams or how reliable they are. The recent downgrades only add to this uncertainty. Hopefully soon we'll have some clearer guidance and a show of confidence by mgt with a significant new BB program.

I hadn't seen this coverage. Little wonder it hit $1.50 in Canada. If they come up with the goods, and we get this sort of coverage, then $1.50 will be easily reached again.

Stas, the reason why the sp is down 85% is because our f@cking useless mgt team have been unable to back up their words and execute production. They got lost with TRIN. They have not been focused on Casc where they still don't know enough about the geology. Until Casc is better understood and being monetised, the sp will remain in the doldrums. Remember we're still waiting to hear anything about Casc 4, which should have been drilled and hooked up months ago. Central will help, but it's a valuable bolt-on and not the production driver. And I wouldn't expect much from Q1 results. Potential, yes. But there's good reasons why we're sitting on 20p.

Hard, nope still holding a decent chunk here. Just don't wear rose tinted glasses and sure as f@ck won't make excuses for well paid mgt teams that don't deliver on their words. A lot of people have lost a lot of money here. I'm one of the lucky ones, but that doesn't change the fact PB and his clown bod need to do a hell of a lot better. Let's HOPE change is under way.

How long have you been here Smasher? Reckon you need to have a good few years before you start sl@gging off investors who cannot brig themselves to sell at such a loss. And the reasons why most have stayed invested is because PB and his f@cking useless bod have continued promising things that haven't occurred. That's the source of their frustration, and also the reason why the sp is bombed out. I've been in and out here over the years and probably about break even. I'm down 20% at the moment and will probably buy more if it stays here and cash becomes available. But that's because the sp is in such dire circumstances we simply cannot go lower, unless CB falls over and they have another poor Casc well. There is a chance of this happening, but my feeling is Casc is the risk, which is why PB has been so keen to buy other assets whilst they try to work out how to monetise an acreage they still seem to know very little about. But make no mistake PB and his f@cking useless bod are the source of frustration and pathetic share price performance.

Agree that risk v reward is very good here for newcomers, who quite rightly are optimistic about the future. How can one not be if you're buying at 20p. AIMHO GLA

Will bounce off the 30p ceiling on closing of the CB deal imo. To get beyond this level will require success at Casc and evidence that they know what they're doing. Problem is we have no idea what's going on at Casc other than a well that was due to be drilled last year is still being drilled. Regardless of all the reasons provided, it's getting pretty tiring talking about 'potential' for so many years. PB and his fat bod need to start delivering at Casc before this gets a proper re-rate imo.

One would hope our f@ckwit mgt team have sandbagged the guidance for this year and we'll comfortably deliver at upper range. They have all but written off Search for this year so not sure how much worse things can get. Still on silly metrics if they hit the mid point. Obvious way to drive value is to sell DIS, or the lot.