Member Info for JohnHenry

Problem is they would be selling against themselves as theres no buyers on the opposite side.

Hence they are unable to sell much volume without crashing the price back to IPO

Looking more like a distressed seller.

Although tbh i would expect those shares to be placed rather than dumped through the open market.

Volume has been very very low recently

On 14 December 2023, 17,220,000 Ordinary Shares were issued at 5 pence per share pursuant to

a pre-IPO fundraising conducted by Orana Corporate LLP, as agent for the Company.

Im wondering if these are being sold.

Needed to pull you up ive said nothing about a placing in fact theres zero chance of a placing.

It all about timings and how quickly they wanna drill Rudyard as to when they require funds.

Funding will come from RBL or offtake agreement

company is in a win win position.

Positive news needed to attract buyers.

Skippy they had not planned for the extra Rudyard spend so early.

Rudyard focus has come about via the excellent flow, concentration results and the pure composition of the gas allowing the use of a simple PSA process.

Nothing priced in £60M MKT cap plus 30M in debt so MKT giving TXP an E value of £90M

With the $500M spent on the PSA and $2M needed to get into production plus$1.2M for a further Rudyard production well. Imho cash is gonna be tight for Clink 1 re entry

Imho cash will be prioritised towards Rudyard.

Bo commented in the Crux interviewed that theres a chance of another drill and a re entry in the next two months.

Theres no doubt with the purchase of the PSA, Rudyard and cash flow is priority.

Clink is behind pipe so it can wait a few months.

And can the company deliver that 2025 guidance thats the $60m question.

Worth remember the company has already guided for 2025 so the market knows what to expect for 2025.

SP growth depends how much of the 2025 guidance is already priced in.

Is just relentless at the moment.

Off topic Keith Oz. We both run the numbers on HE1 op X capX revue etc.

Out of interest have you looked at HEX? . Their last two RNS have certainly moved the Bar considerable.

I hold HEX and continue to buy.

I think ive probably miss understood i thought Bo was talking about drilling ?

My one concern is around 18 min into the Crux interview BO mentions over the next few months they could drill another well and a re entry effort.

Im wondering if this re entry effort relates to the Clink 1 well.

Kaeren HE1 CapX is $75 -$100M 30 wells to produce around $25-$30M Annual Rev

Spot on Troagan Take HE1 for example 5 years Plus and still unlikely to see production in the next 18 months.

Offmessage ties in with horizontal resistance.

No buyers for nearly 3 hrs certainly needs some news.

I just signed out to see who was greenboxed after my posts.

P ussy Cat i told you but heres a reminder your filtered for the mindless boring same ole trash that you post so dont bother wasting your precious time replying to me personally. Have a good day