The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think what is needed is a clarification RNS not interview that addresses the 90% water cut
I absolutely think the market has written zone 2 completely off
Desperately trying to source more funds - total bargain basement!!!
Well Well well - looks like zone 2 is oil after all - with high water cut that they think can be controlled?
Great result but some ifs and buts for the market to digest ? ??
Long term test so oil can be monetised immediately
Kraken is ON
GLA
Very nice to see that PB thinks an oil flow rate of 1000 bod would have been entirely possible with correct flow test equipment
Main take is Royston 1 is hydrocarbon charged at TD - bring on the mighty Kraken
GLA
I think the market is already looking to the next deal - another 5000 plus boed with further prospects is odds on
Given the massive cash flow currently that makes financing a whole lot easier
GLA
A very exciting week coming up
- not sure how much we can read into XM’s tweet but very happy to see it
So let’s look at the evidence so far
1) XM tweet
2) possible flare sighted a week ago
3) PB in London last week doing the rounds - he would be pretty sure of zone 2 success by then I think
4 ) House broker raising spec buy to £2 ( would not do this a week before a crap test/ flow result)
5) Zone 3 light oil success - raises the COS of zone 2
success hugely
6) PB would not want to **** up again after Chinook and has stated that Royston is the most exciting prospect in 35 years he has seen !
I hope I am very much on the right lines and oil or gas who cares as long as it’s huuuge and flows like the Gulf Stream
GLA
Oil discovery becomes more and more exciting as we speculate what this might mean to TXP
- on the one hand it is derisking Kraken and Chinook updip and on the other - the possibility of 100 mbo if it were to be added to reserves would cover more than 80% of current market cap value alone based on $5 per barrel in ground ( is this realistic?)
- wow food for thought
Now where is that monstrous flare from zone 2 !!
GLA
Being able to flow oil from depth must massively derisk the untested zones above- Royston is going to be huge
Paul’s ode to his father looks to be spot on
Will be expecting a massive flare to light up the night sky in the next few weeks
Well done all
Come on XTR- no news on hole 25 is good news surely
- show a little fight on a Monday morning Please !!
@Linton - doesn’t really warrant a reply but just pointing out that since your last post at end of August we are up yes that is up 40%
Your vain attempts to deramp don’t really work here when we all know that the Cascadura wall of cash gets ever closer
I can smell your short and shirt burning with Royston flow results in next few weeks
Exciting times - gap up above 1.20 expected on Monday to catch up Canada
GLA
Great RNS today-have to admit being very underwhelmed with share price this afternoon
Trying to pin point when hole 25 was started - do we know ? -this really would be a huge game changer if showing significant copper mineralisation for some nice lengths
In here up to my neck already but 5.2p is ridiculous and tempted to sell elsewhere to buy more
Would be nice to get assays for 11 and 12 tomorrow but hope nothing on hole 25 for another 10 days at least !!GLA
Well Well Well what can I say - Coho pipeline underway - AND Cascadura Wellhead production facility EIA substantially completed and to be discussed on Nov 10 th . My take is that they are looking to permit 10 wells in total on Cascadura
All we need now is Royston to flow at Cascadura levels ( is the testing rig on the pad - there are rumours from sat images it may be there now )and things will feel like they are moving rapidly forward for the first time this year !
I cannot believe that we could have a Chinook type situation with Royston so I am confidently going to predict successful flow rates whatever they might be
All in all not a bad week - apart from the share price of cause but that will come
GLA
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html
Borrowed from noix on ADV
- Very very interesting!! - let’s hope legacy wells come in at top end , Chinook updip is a large oil pool and Kraken is the monster we all hope. GLA