Member Info for highlandmatt

...but not surprising. There are some very nervous shareholders out there.

Mmm - can we move on from the cross-board bickering, please? Many thanks.

Cheers Starchild. No hard feelings. Hope you are having a better day and we all make lots of money from our respective investments.

GRH - Look at TXP's Cascadura well.

Pete - who knows what discussions are happening behind the scenes. Nothing gets decided in the General Assembly, all in side meetings.

So...ARA has advanced $2m, which would be due to AEX under the FO. That keeps the lights on and shows continued support from ARA. I'm sensing the influence of Santos combined with Zubairs and a plan B in place. They are not daft enough to give a government an ultimatum without a plan.

I don't know. There were those who were unhappy with the FO terms, but it has the advantage of no cash calls to field development, and puts a bigger company in charge of the drill. You always have to have options, a BATNA, so I am pleased to see the BOD being proactive.

What are the chances that Santos and Ambrose have been speaking with ARA and other companies and have planned to:
a) retain 75% of Ruvuma
b) merge with a producing company
c) pursue the govt for the $10m from KN1 and CGT?

ARA would still have exposure to Ruvuma...

3 good projects on the go, all of which would be company making.
Let's see what tomorrow brings....

It feels like KMR is on the cusp of turning the final corner to better times.

Faz - play nice and don't ask the gentleman a question he can't answer.

Xav - we really appreciate you looking in on us here, and sharing your extensive knowledge. I am impressed with what has been achieved thus far, and the whole TXP team has my full support. I am sure that sentiment is shared by the vast majority of shareholders.

CPerkin - My $8m was an approximation based on what we used to get from KN1, when that was running at 12-15mcf/d, which was $800k-900k/month? So about $10m a year for 13.5mcf/d, whereas we are looking at the equivalent of 10mcf/d for 25% of the minimum EPS. I then gave AEX a budget of $2m for running/development costs, so that left me with $8m as a profit figure. All fag packet stuff really. If it is $12 I'm happier, if the flow is greater I'm happier again, but trying not to get too optimistic until we start seeing some progress. At the moment 1.5p would feel like a success!

BF - No, pun not intended. Impressive photos from KMR, and good news on execution.

Dredging this conversation from the depths of my mind (i.e. a few months ago).....25% of the EPS minimum flow (40mcfd?) equates to about $8m per annum, so mcap of £60m or 1.5p. Expected flows are much (3x) higher, and that was just the EPS.

I've got in to the habit of checking the oil and gas prices daily, and gas seems to have jumped from 2.2 to 2.7 overnight. Good to have gas coming on stream from Coho shortly.

Cash in bank up, debt down. Fantastic result in a pandemic. If I hadn't topped up yesterday, I would be doing so today. If SP doesn't go up, I might look down the back of the sofa.

From memory, Casca was ascribed 50+p, so, well north of £1.

The 10:22 trade was my buy, so can verify that one.

Thanks GRH. This all spun out of a discussion of the nature of the financial transaction, and I guess the answer is, there are a couple of options. Best to just chill and focus on the outcome rather than the detail. Interesting discussion though, and I've learned something, so my thanks for that.

Thanks GRH. Not got much experience of intentionally agreeing to novate a contract to party C prior to conclusion between A and B. We (if we were party A) would just agree to sell to B, and if they wish to then sell to C, that is their choice. Nothing stopping B and C having an agreement to that effect. Or we would just sell to C. Just different ways of doing it. But then, public sector, so we don't deal in exclusive arrangements, so have that limitation. Just trying to understand the detail from my perspective. I must admit I didn't think about effectively being just a broker in the sale transaction.