Member Info for LEXION

Mbarn - absolutely agree should be making legacy look like a pin cushion
I guess we are doing 2300 bopd now with 1700 from legacy and 600 from EWT
at $50 netback we should have$ 800k a week of income - more than enough to keep drilling
I see reserves RNS was 7th March last year - do they need an extra week to put all the extra “zeros “ on the reserves figures ??
Beginning to feel like the long awaited rerate is very close now
GLA

@ Scott
Fry’s programme on “mythical monsters “
I’m done now -I promise - no more talk of Spiced rum or sea monsters!
GLA

Just going to spoil your weekend further Aligator - Kraken being discussed by Stephen Fry on bbc now
Nothing wrong with a little off topic at a weekend - I just need to research Kraken rum to make sure it’s acceptable to celebrate with when our “monster well” comes in !
GLA

Pretty boring week for TXP- up and down a few pence - on no news . Time to switch off with a large Kraken spiced rum and coke - I’ve really got into it !!
Just 16 days till Reserves report and blast off
GLA

Don’t worry photo 92.5 p to buy on HL at mo
GLA

Oil up this am to over $103 on Putins inane actions
Going to be volatile!!

@EvenL ,Smasher - add in a conservative 500 bopd from Royston EWT and that becomes over $30 m a year after prod costs - almost supports the £185m market cap without Casc ,Coora and Royston development
Insane valuation

Probably 6 weeks into the EWT at Royston should we expect news before March 14th reserves report? - I hope so as I believe this is a monster and could easily produce more cash than Cascadura
Broadly similar to the Penal Barrackpore oil field I think it will be proved huge ( 100mbo) + recoverable
RNS stated all 3 zones encountered economic oil over the entire interval !
I am not worried about the water cut as we all know many oil co around the world have similar scenarios- Hur this last week in their opp update are producing at 41% water cut
The field is huge -3156 acres so could support many 10’s of wells
Royston will surprise the market- I can sense it
GLA

Yet again more delays - But I have to be encouraged with what PB was saying re Royston
10000 to 12000 bopd of beautiful light sweet crude within next 24 months
It will be a huge development
This is great news !!
The fly in the ointment is always Coho - once on line then the good news will just keep on flowing so to speak
GLA

Very happy - huge vote of confidence in Caracal to raise at a premium on Aim !
Nothing wrong will a little dilution if used for the right reasons
GLA

We have been waiting now 2 years for the right kind of news re Coho -promise after promise - delay after delay !! Do we really have to wait another 4 weeks for news? - I hope not
Yes it’s not going to be that wall of cash but psychologically it is Effing Huge
I am not gambling the farm on any company coming good incl TXP but happy still to have 70% of my pf in here and most of the rest in a Copper play
Incidentally- is there any significance of the Flare at Royston? - is this usual for an oil EWT
Hold strong guys - just 4 more weeks till we get some news of some sort !!
GLA

Question for MJ while we wait - I note the chat on the other site where you seem to know how many tankers may be leaving the wellhead ?
Should I bet the farm on a good EWT
I need some excitement- things are pretty steady at the moment
Shouldnt wish time away but roll on 14th March !!
GLA

Thanks MJ
How many tankers are leaving Royston a day - do you have the inside info MJ ?

Nice tweet letting us all know EWT is still on going at Royston .What is the deal with the bean sizes to optimise flow rates ? -anyone know ?
Cheers

Been waiting many months to re break 6p
Used up all wife’s cash Isa this am to buy in at 5.95- I’ve told her she’s in for the ride of her life - a little more exciting than the 0.05% the cash was on
GLA # Dare to dream

Having listened again to the webinar I am more convinced than ever that Royston will be huge -
When you compare what we “have” with Penal Barrackpore ( 114 mbo and over half a tcf gas )
Net sands across all thrust sheets are about 1000 ft at both but with Royston deep still unknown
100’s of wells at Penal B leads me to think Royston could end up with 20+ wells each pumping out 1000 boed for 10’s of years
PB said “Great NPVS will be announced for Royston in March”- which will have good credibility from GLJ
Royston will fuel great Divi’s here for many years
Fess up time - did something very stupid a few weeks ago - took 20k out of here and put into ADV -
My plan to add all profits back into here You never stop learning in life
GLA

MJ - you’re on good form tonight !
I guess £400 k gap btw the Fendt toy and proper toy !!
I rate Fendt tractors but Claas Lexion combines
One day soon - great weekend all

Have a stiga tractor mower for the lawns - nice thing - hydro drive and 800 shares at £3 will get you one
@ Photo - Fendt still on back burner till PB delivers but we have a nice Lexion 570 on tracks if you’re ever in our neck of the woods
Was hoping for a little more action today but after yday webinar I know we will all be very happy soonish
GLA

No photo - I’m a North Lincs Yellow Belly !

Great webinar PB - first listen
Just reinforced why I’ve been in here now for 3 years
If reserves report is as good as I am expecting then ATH should come quickly later this spring
We will be well on the road to £3 and 6% divi’s within the next 12 months —-Bring it on