Member Info for highlandmatt

You could argue the Trinity assets were also undervalued, hence being a fair deal.

Ah, clarified still 30%, pending Energean decision post well.

Interesting. Stating 20% share of Lixus. Assuming Energean are taking the option?

Touchstone Exploration is off lows, up 11% since the start of July. The Trinity acquisition should complete next week, boosting production revenues and ending the news blackout. Catalysts in the next 2-3 months, with Cascadura 2 and 3 to come on stream Sept/Oct. Still buying

All work stops for a party?

Why? If you knew that testing hadn't started yet, but would start next week, would that change your investment decision? The size of the prize means that I am prepared to be patient.

Respectfully Porters, PRD did not guide that results would be available in 5 weeks. They said testing MOU3 alone would take at least 5 weeks from the point it started. There is then a delay before publishing results caused by analysis. Additionally, PG has hinted that PRD might not release results until all targets are tested, which could be a number of months, not weeks. I suggest everyone just chills. The results will come when they come.

SP creeping back up. TRIN producing assets to be added shortly. News on Coora flow rates? Supect it will be September before Cas 2 and 3 come on line though.

Nope. That's the funny thing about some folks getting bent out of shape. "But PG said testing would take 5 weeks and it's been 6. No news means they've missed the deadline or lied. Cry foul"

If testing Mou3 takes at least 5 weeks, and Mou 1 and Mou 4 are tested, let's say 2 weeks each, that's 9 weeks. Then you have to process and analyse the results, then consult with ONHYM. It could be 3 months from the start to news release. If they started beginning July, then it could be late Sept/early October.

The company has stated it expects production, and is sizing the overheads accordingly.

But still within guidance. Pricing is good, so should compensate. Another solid set of numbers.

Perhaps Lorna showing her inexperience in not screening the submitted questions beforehand? Then folks not liking the honest answers.

Yes, I reckon the split will be $25m oil and $15m gas, compared to $7.5m oil and $7.5m gas. I'm only estimating approx 60mmcfd.

Yes, because they haven't done the EWT and follow on analysis yet.

TXP Q2 revenue was approx $15m, with half oil (on 1100bopd), half gas.

August - Adding Trin's 2,700bopd instantly adds another $18m revenue per quarter, taking us over $30m per quarter.

September? - Adding two Cas C wells, hopefully at 20mmcfd each or more, should add at least another $10m per quarter?

By end of Q3, we should be on a revenue run rate of $40m+ a quarter, or $160m+ per annum.

Real - it's always been quoted as approx $50m. Not a surprise to LTHs.

Red - entirely standard to have an exploration licence before a development licence.

Compared to the $3 per mcf Aminex were getting for gas in Tanzania. Helium is f@@@ing expensive stuff. So whatever flow rates or resources you see He1 quote, multiply by 100 to get a gas equivalent. E.g. 10BCF would be 1TCF. So if He1 says they find 150BCF, that's worth approximately the same as 15TCF of natural gas

SP seems to be drifting up....

And they can only exercise them if the SP is 50% higher than now.