Are you mental ggg lol they had an issue with mud pump on rig (it broke), it was changed but was drilling to slowly due the penetration of water based mud system. They are now changing to oil based system, reason it was water based was due to a schlumberger advisement which hasnt worked. All this is on the discord group who recently made contact with TXP management
We're making money, panr is not. Its a nothing burger filled with hopes and dreams, but this is aim and its strange. I took a few more today as when CB lands and pricing becomes clear we're off to the races.
RE: Level 2 improving today...nice start26 Mar 2025 18:52
Alot of catalysts, Cas 4 T, Central block, financing, and new drill plans and gas prices. Alot to look forward too and time for mgt bring home the bacon
Was actually a genuine question, fyi production is lower than before cas st2/3 brought online. Thanks for the help in understanding it lol Ive a large holding prob not as big as yours but for me prob overweight.
Also good to see a company thats drilled multiple wells and built facilities and infastructure with minimal dilution especially on AIM and were now profit making and got everything built
As expected, surprised that we've been drilling again since 12th March and at intermediate casing so about to enter the productive zone. Not long til its completed now.
Nice profit and increase in funds flow year on year now, just keep adding wells to give production a boost and when the wells settle weve a new long life low decline well thats paid for itself
Happy with that, alot of it already known, pity about the rig breakdown but these things happen. Anyway self funded making dollars and huge amounts of news due from drilling and CB and everything in between
As far as scoping studies go its ok, obviously if they dont find gas then its not worth the paper its wrote on.
Theres alot of big numbers but i was surprised how long the paid price at the wellhead was, feel we're being shafted.
Other thing to rem with the 7-200 million figure if pre tax so theres RRR (10-15%) to come of the gross gas value and the PRRT on profits which is like 40% so it is misleading with the big headline figures