Member Info for LEXION

@Art - what are your thoughts on VERY HIGH FLOWRATES ? - I am thinking up to 2000bopd giving us 400 of those

Any more for any more ?

Just added a few more at 0.53p this am - massive bargain with just T13 but if T14 hits also then we are 🚀🚀🚀

@ Tom

All warrants now been converted at AXL - the decks are clear for rerate - sorry for off topic 🙂

I would have been perfectly happy with a ramp up to 90 mmcf/d at current pricing structure however now we are stuck at 48 with small ramp to 60 planned - this is not how it was supposed to be!!

I say ramp up to 90 mmcf/d - then once Rio is confirmed put a lateral across border from Casc C into new territory- Hope find a shed load more gas and negotiate a separate contract at that point

I believe that if gas is found on next door block even if drilled from Ortoire then the Ortoire pricing structure would not be used

I still have an overly large core position here but have felt cheesed off enough to cash a few and throw into AXL

GLA

That was a bit of a shocker - just seemed to me that PB was holding back and could not tell us why there would be no move to 90 mmcf/d for the next few months

I am convinced that TXP are negotiating a new gas contract price for anything above 60 mmcf/d

If that can be pulled off then we really are on the way - we seem stalled on the start line at the moment

I cannot also believe that we bought 2nd hand compressors and they supposedly got knocked about in transit - f….ing amateurs

Anyhow that’s my thoughts - just a bit blaaaah

60p at 60 mmcf/d

90p at 90 mmcf/d

£2 at 200 mmcf/d

I live in hope 🙂

Pretty much a beginning of transformational period for us now - 100’s of messages on Discord this am but my take is that barring tweaks and some operating issues Casc is producing like it should

Not blow the doors off yet but this will come

Once separator issue is fixed then a steady ramp to 90 mmcf/d - don’t like flaring off our profit !!

Hoping to hear at tomorrows webinar about dates for Casc C drills and the ramp up to the totally transformational 200 mmcf/d

Over at Coho the well is sound and needs a 2nd work over before eoy - then onto Royston???

Id say a B+

And that’s at 60 mmcf/d WWP . Just wait till we are knocking out 200 mmcf/d from Cascadura alone

Bit of an odd trading day yesterday- was lucky to have taken a punt a few weeks ago

I guess all the rise for the great RNS came the day before with leaked news and yesterday was day traders taking their profits

I believe that investors will be reflecting over the weekend and pile in next week in anticipation of drill no 2 and flow testing

running concurrent

What are people’s thoughts on flow - am I right in reading max output from previous time was iro 17500 bopd from 7 wells

Would a flow rate of 2000 bopd or 400 net to Corcel be a possible figure to work with ??

GLA

Looks like a crumb of comfort across on the Discord - word has it that PB et al are potentially negotiating a higher price for extra gas above the 60 mmcf/d currently being produced

Would be a huge win if this is the case and the extra 30 mmcf/d we know Casc can produce can be sold at an enhanced price - I’m expecting the unexpected 🙂

Looks like I shall be staying for a while yet 🙂

40000 boe/d through current infrastructure is huge and doable over next 18 months

This is without any exploration hits from the multi targets

Sounds like we should be able to drill into Rio C acreage from Casc with no additional permits required to see if and how far the Casc monster spreads across the border

Would be nice to own 0.25% of a FTSE 250 in a few years time

Nice steady rerate from here should be on the cards

GLA

LL - May hear more tomorrow but I think they have enough drilling to keep them out of trouble for a year before Kraken comes onto the menu

Looking forward to tomorrow

GLA

11000 Boepd - not bowls 😁

@tc I’m lost for words — time for a huge spiced rum and coke I think

There has been some talk of further funding required but that is a crazy thought and indeed it has been practically confirmed over on Discord that TXP do not need any funding

We are now transforming into a huge gas production company and that cash should be rolling in Does Canada not believe we are producing iro 11000 bowls ?

Next week is another week and we have the hugely important TXP presentation on Tuesday

GLA

Agree Sturm -only Monday before PB ‘s big exciting ?? presentation that will map out TXP and our future!!

GLA

Iro 12000 boe/d total TXP output now - the market cannot ignore this initial production any longer

Well done everyone for hanging in - we all deserve a decent rise today !🙂🙂🙂

Must be at TD by now as v shallow -update tomorrow?

GLA

Hopeful that drilling will confirm high grade Ti and a JV with a major will take care of any future placings A 70/30 carry on all costs would do just fine

Exciting times - oh maybe find that elusive copper this time also 🙂

Awesome news - hopefully now TXP can start to rerate and I can start to enjoy holding TXP again !!

GLA

@ Lv - I agree with most of what you say - it’s been a disaster of a share these last 2 years but I disagree with “all positive upside is factored in “. - it is most definitely not

Let’s get Casc on line and then we can look forward to the drill bit whirring away not having to worry about funding

Been a crap day - topped up but looks like I paid highest price of the day 74p and the dreaded flea beetle has destroyed my first drilled field of osr

Come on PB - put us all out of our misery with that blow the doors off RNS tomorrow

GLA

@ scored again - think 60 mmcf/d should give us $14m fcf per quarter