Member Info for highlandmatt

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BCE is operating in Germany. We have been told by PRD the various bits of kit for SJ were in France and Italy. Germany is easier to get stuff to from both of these than Morocco. Plus, if you are SJ, why ship kit to Africa to get it stuck in customs if you have work to be getting on with in Europe?

Nice one GGG.

There's 4 spots on the B pad being prepared.

Guidance is 20mmcfd per well.

I wonder if PG has been avoiding testing to delay having to pay the Discovery bonus?

I won't claim to be a learned poster, but you have raised a very fair and pertinent question, and not received an answer, so I will try.

1. The declines seem to be what is concerning most folk.

2. Some don't like the Trin deal due to dilution.

3. Are the declines ugly? Coho seems to be levelling off, and the thinking is Cascadura 1 will do the same in time.

4. It must be remembered how good Cascadura 1ST is. Even with decline these are still big numbers and very profitable. Just not as large as folk (including myself) thought given the initial flow rates.

My conclusion, for what it is worth, is that Casca 1 will provide sufficient cash flow to get Cas 2 and 3 on line. Capex to that point is relatively minimal. At that point we should be over 60mmcfd. The two Coora wells should add extra oil production in the meantime. Q3/Q4 will see a step change, even before the Trin merger adds another boost. Lots to look forward to., and undervalued vs peers at the current price on both current and future production. There may be some more selling out of frustration over the next quarter, or maybe this is the bottom. That I don't know.

You are talking about cash flow and trying to work out a cash at bank balance. That is not the same as a business case, which is an estimate of potential return on investment.

"Don’t worry VV, I will be selling on the next spike when the MOU gets agreed."

Cizzle was all a con according to you, now you believe the MOU will progress?

TXP - Crude oil production from our legacy fields contributed $7,424,000 of net sales at an average realized price of $69.95. So Trin production will bring double that at $15m. TXP total Q1 was $16.5m. So Trin's production should not be overlooked as it will double the revenue as it stands.

Review why you bought in the first place. What are the reserves? What is the production? What is the cash flow from production? Try to come to a valuation based on revenue, profits and peer companies. What are the future prospects for production? Do not panic. If you conclude the company is undervalued, consider averaging down if you can afford to., possibly by selling other things in your portfolio. However, do not exceed you risk allocations. But if your research was solid and you thought it was a good buy at 60p, then it is a better buy at 35p. The

This is bonkers. Market cap now £75m. Compare that to some non-producers and even some other producers.

Every broker seems to have different rules. Mine (iweb) will move them out of my ISA (as an ISA cannot include unlisted shares) in to my trading account, and show as Nil value. Others seem to simply delete them. You should call your broker and ask.

Gas shows but water. Plugged and Abandoned.

Some lively discussions after the last two RNS, evenly split.

One camp - Cascadura and Coho declines are shocking, TXP have lied, not what we were led to believe. Debt is increased. Trinity deal is a kick in the teeth with 20% dilution.

Second camp - Declines are to be expected, Cas wells still amazing and profitable. 2 more Cas wells plus 2 new Coora wells awaiting hookup. Trinity deal is cheap assets, good base oil production, net cash and useful tax and overhead savings.

We also had Kiliwani generating $800k a month.

$1m are the minimum payments.

Seems cheap.

Everyone must cut their cloth according to their means. One man's small punt may be too much for some to risk. We are all shareholders, regardless of percentage.

Accountable for what? The plan seems to be progressing. If you are concerned about timescales, most projects slip.