Member Info for highlandmatt

Page 7, top left. Current production 292bopd, aiming for 390 by end of year. Rising to 500bopd in the following 6 months. Workovers and infill wells being undertaken at the contractor's expense. That becomes a nice little earner.

Large sells but bid creeping up? Hmm. That's interesting.

Yep, I had a top up as well. Same SP as in the summer, but since then we have had confirmation of stable production, funding secured at 16p, and Cas 5 and 4 going on production.

Could just buy us and get the onshore seismic as part of the deal. Couple of hundred million dollars would be small change.

I don't know how relevant or accurate this is, but I recall reading some time ago that the FDA was having a spat with the White House about regulation and remit of FDA in relation to testing/diagnostics. Probably just Trump annoyed with FDA for finding an issue with a friend's company or something. Anyway, might have delayed matters somewhat.

Those that pay attention and can read would have noted nitrogen lift was used at mou3 instead of swabbing.

Nope.

There was a large fund raise in 2023, so number of shares changed. But 32p should be absolutely on the cards as a first step.

Peel Hunt 50p target.

Given everywhere seems to have staffing issues these days, could it just be capacity? Or maybe Omni were more committed to this as an opportunity for them to grow? Anyway, it's for BIO to manage and in their interest to launch successfully, as they are paying us for the privilege.

Steady rise today. Looking good.

Https://www.touchstoneexploration.com/investors/presentations-and-events/

Think you'll see that debt come down quite quickly now.

Let's look at this point by point, then GGG.

Cavendish target is £100m mcap. Requires a turnover of $65m and profit of $20m. Turnover is around $40m currently, with new production coming on stream. Not outlandish. Profit might be an issue, as it all gets spent on growth.

1. Cas 4 to be poor. Possibly, in the same way Deep has been poor, but still cash generative.

2. No chance the BOD will let the covenants be called in. They will raise at 10p before that happens. More likely a waiver or new date. Are you really complaining that TXP is spending money on drilling wells and infrastructure? That's called investment.

3. Track record of finding hydrocarbons is actually pretty good. The fact Shell didn't bother is not an indicator of success.

4. Jeez, that's some pessimism.

I think you have unrealistic expectations. They are balancing cash flow, government bureaucracy, shipping of parts, developing drill locations in a jungle etc.

Thanks Ricky. Found it.

Thanks LB, but I don't have LinkedIn. Is that an actual interview or just directors talk text?

Almost as if they got the price they wanted on Friday...

Yep, and production stable at 5k boepd for August. Another two wells to be hooked up shortly. Production growing. Central block one-off costs washing through.

Cas 5 is not f@#ked. Cas 4 is not a write off. Stop spouting b@ll@cks.

Herrera Gr7bc was hit at 5,400ft in Cas Deep and 6,600ft in Cas 5. Cas-2 found Herrera at 6,100ft. Cas-4x stopped at 5,900ft. Looking at presentations from Nov last year, I think Cas-5 is the same side of the fault as Cas-2, and Cas-4 is in the same block as Cas Deep. 4 is updip from Deep, so should have a few hundred feet of pay to play with.