Member Info for highlandmatt

Indeed. It was in response to a question of 'what would success in Subthrust mean for the share price '. There are some assumptions in that.

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1,000bopd @$30 = $900k / month = $10.8m per annum. 80% to TXP = $8.6m. = £7m profit per year. p/e 6 = £42m. Divided by 233m shares = 18.5p /share. That's one well, on top of Casca gas, Casca liquids, Coho gas and legacy oil. Stick another few straws in it. I reckon Royston on its own could end up being £1-2 a share, just on $2 per barrel in the ground (115m barrels = $230m.)

Initial Casca production is guided at $56m per annum net profit. Say £45m. p/e 6 = £270m. So that is over £1/share on its own.

HighlandMatt retains buy rating

No, I don't think that is a correct assumption at all. It says there is a series of hydrocarbon bearing sands all the way down to 11200ft.

Also note that no longer targetting the Jurassic, which was the oil prospect.

Also need to build surface facilities and a pipeline....

Good news it seems. Look forward to testing results.

Hi Kevin. You need to go back about 5-7years and look at RNSs on NT1 and NT2.

*Looks around furtively*
"Greend....."
*Pulls pin....*
"Theranos was $10bn mcap and didn't even work...."
*Runs and hides*

I held Genmark Diagnostics, which was bought by Roche for $1bn. Genmark was in production, but also loss making during a pandemic and only operating in USA. Roche basically bought the IP and the potential.

2018 and 2020 you could get below 3p.

Keep the faith Ezhik. Yes, Royston optimised for oil, and knowing where the water it's are, could produce 700bopd from the Intermediate. Who knows what the Subthrust contains....

I like the odds down here Joey. Another Buffett quote - 'A great investment opportunity arises when a marvelous business encounters a huge but solvable problem '.

Wishing you and your family all the best Dunder. Hope whatever is causing you stress works out for the best. Take care of yourself.

I would agree - JSE management are very good. So if they can miss deadlines, why is TXP so rubbish for missing as well? I'm also in PTAL, which has severe production / shipment delays, which they are not 'RNSing'. Why are they not rubbish as well, or being castigated for poor comms? Just playing Devil's advocate.

Also, see Scirocco. And that is with the existing Operator.

The problem is how long any approvals might take, and arguments over CGT calculations (see Aminex).

Welcome Blun. There's also a Reddit group, with an excellent summary by methodology, called 'sleeping giant'.

PG stated the rig is free on site for a couple of months at least. I think we've had a month of that now?
The rig 'lives' in Morocco as far as I am aware. As far as I am aware, there is no-one else planning to use it, so it may as well stay where it is for now.
Cash - not much. PG only raises what is needed. There was enough in the budget to get Mou2 to where it is, and to test Mou1 and Mou2. The reckoning is that PG is robbing the testing budget to complete the Mou2 drill.

Yep, no shallow shows in Mou2, so most bang for buck testing the lower sands.

From memory, commercial threshold was about 2mmcfd. The 10mmcfd and 50mmcfd numbers in the recent presentation were economic illustrations of potential revenues / profit.