Member Info for highlandmatt

To continue the analogy, we have invested based on the sounds emanating from the box. Fingers crossed it's not a tape recorder playing tiger noises.

Hi Sefton, it's an interesting question, akin to Schrodinger's Cat, where the cat is Value, and the box is visible share price. We are all sat looking at the box, confident or otherwise that PG will unveil a tiger. The hope is, based on previous competence and experience/knowledge, that PG and Lonny know they have a tiger, and just need time to convince other onlookers of this (with access to info that hasn't been 'sanitised by RNS' as yet). The positive is it allows us to invest in the tiger for moggy money.

Pro has put the first page on Reddit.
https://www.reddit.com/r/TouchstoneTXP?utm_medium=android_app&utm_source=share

Hi NM, I think it depends on your 'event horizon'. Seismic results in a few months (might not excite), drilling in under the year (exciting), production in 3 years (what we've all been waiting for). Once in production, mcap should be over £100m again, or a 4bag from here. Very limited downside risk at current SP (cash in bank, support from ARA). I'm slowly accumulating as I'm happy to wait for the payoff, and I believe the future pipeline of news is all positive.

264p equivalent. Let's round it down to 250p for safety. Better than the Cannacord. I wonder why the difference. Are Cannacord usually conservative?

Or could be traders getting in just before results (next week?). Another 20% uplift on positive news? That's a good return in 2 weeks if that is your game.

Nigel - Disagree by all means, but please stop casting aspersions on the mental health of posters. It does you no credit and contributes nothing to the discussion.

True BKR. Could just be profit taking. We also know North took some of the 95p placing, and has a track record of regular selling to pay its 'income fund'. 40-50% up in 12-18months would be a reasonable return for them.

I keep a log of all the zones hit by each drill, and the testing. It is notable that TXP does not test or develop each zone, but moves on to the next exploration drill. I've opined previously this might be defensive. TXP has also mapped a 10year exploration program, which PB has also stressed in interviews. Not surprised if Majors are sniffing around. With a multibillion dollar contract, reserves climbing all the time, any offer would have to be in the region of a billion sterling to be taken seriously and even then that probably undervalues the future?

I think we have our hands full with Ortoire for many years to come? I would leave the existing contract alone. Folks don't like renegotiating, and Ministry goodwill counts for a lot when you want permits, planning permissions, and not least, payment.

Agreed. I do find it very frustrating that we are now at the price that we reached on the news of 3 hydrocarbon zones. Since then, we've had a successful test ('as good as it gets') flowing oil, and guidance that the other 2 zones are liquids rich gas. We are heading towards the price before the positive test. Either folk are not ascribing value to news, or we have persistent sellers only exceeded by buyers on news. If only I had some spare cash, but I don't. I thought 140p was a bargain. Oh well, it won't matter if we get positive Royston results, then 4 new wells and Coho on stream, followed by Cascadura.

Ah, sorry. Missed the top line bit. I think in terms of net profit when calculating mcap. It is profit that marks a valuable business.

Is that correct? Coho at 10mmcfd is guided to be $6m per year. So times 20 = $120m. Liquids @$20 x5000 = $100k per day = $36m. =$156m.

Low volume though, so maybe not too concerning?

I was just about to post the same. I was also wondering if it is easier/cheaper for shorts to drive the price down in Canada than London, in the hope that London SP will follow the next day?

AEX has already received $5m, so it is $35m, translated to sterling. However, future income will leave this behind.

Scoot? Apologies Scott, bloody autocorrect.

So have I MJ. I agree with Scoot - anything under 150p sterling is massively undervalued.

Why does Canada always seem to open down at the moment? Any thoughts or ideas?

White tiles...