Member Info for JohnHenry

Deal just looks better and better

H2 2025

Sounds like they will be drilling development wells @ Central during H2 2026

My guess is PEEL are clearing a seller.

Correct HEX SP has pretty much gone sideways for 8 months

Amsden CR around 110- 130,000 Mcf market valued around £7M discounted from Market cap as non commercial

Rudyard CR 484,000 Mcf. Market valued at £3.5M Premium added to MKT Cap given a commercial discovery

Appears to be decent buying support around 17.5p.

Resource/reserves figures on Rudyard early Jan should see interest

Considering theres only 6 trading days until the 6th and most Market participants will be on holiday volumes will be non existent. Santa rally hasnt happened this year.

UK budget and the Fed have knocked that one into touch.

Switch off until the 6th Jan

Not today its a sellers market

Another 100k delayed just before close, looks like the close of the gap was the bottom for this swing low

305k was the SB uncrossing however the 100k and 50k where delayed buys.

On cloud cuckoo land if you think 600 bopd will support a valuation of £60M

TXP are buying Central block equivalent 3,200 boe/d plus 80 mmscd processing plant for $23M £18M

Would appear thee MMs have a line of stock to shift.

Offer being pushed lower to attract buyers.

Imho 20p looks likely short term.

Market certainly not convinced on the 2025 outlook.

Ford if you listen to recent presentation you would have known they were in discussions around the central block and their design to acquire. Perfect fit and gives access to the LNG market

At $23m imho it’s a good price. Pays back in 2 years with a lot of potential upside

Worth remembering that TXP would have paid back $7.5M so the net borrowing increase is $2.5M

Market Is unsure about the deal hence the reaction today .

Deal showing a neutral response.

TXP has delivered a lot of uncertainty mistrust this past week hence the negative reaction.

Baay certainly needs to up his game.

Down and struggle

Continuously talking done a company making commercial discover that’s why the SP will snuggle to get over 25p

Aimho

Bagzzz absolute tosh