Member Info for LEXION

Trouble logging on -same as you Tradeemup - rubbish

Please guys post any exciting info

Closing in on $1 Cad
0.97 now ! News inbound.
Looking forward to another exciting day tomorrow GLA

Yep - raining in North LIncs today
Couldn’t be happier - Rain for the farm and TXP on the move
As things stand at mo I know where all the profit will come from this year GLA

Yes Dana - AA had def mentioned £50 a share as a very doable target within next couple of years

Yes - and with AA holding 30% a bid for RRE is futile unless it came in high £40’s
A not before time small rerate with the possibility of an acquisition in the background is what I’m thinking
GLA

Yes great interview - I’m so confident of success here
PB also mentioned that he has not seen a well like Cascadura in his 30 years in oil
This is a monster GLA

Looks like no RNS this morning- why would PB book webinar today without news to talk about ? Perhaps scheduled for Canada opening ? GLA

I’m thinking surely we will have RNS tomorrow morning just in time for PB proactive interview - otherwise why want to do interview at this stage
It’s all coming together very nicely GLA

Likewise. -retire disgracefully !!
Just all don’t sell at once !! We must hold a good few % of TXP. between us !
£2.40 would almost do ! GLA

Yes thanks Dana - however which way you look at this the upside is massive !!

While stuck in a queue of lorries waiting to tip a load of wheat I have a few mins to look at reserves
If the general consensus here is in the region of 200 bcf then Cascadura could hold in the region of 35 mboe
What value would be placed on those sort of reserves ?
If that was purely oil - I guess $165 m or £135 m or 75p a share
Am I too far off the mark ?? GLA

Photo The £3 party would have to be Trinidad
A couple of weeks all inclusive sounds good/ if we are ever able to fly safely
Good luck all for that RNS next week

Yes just a little too excited with that figure
- if Royston strikes it is the one that could be 0.5 tcf

For my pennies worth I agree with you Simon 0.5 tcf
When PB in interview says Cascadura should flow at 100’s of bcf it gives me great confidence to get somewhat excited!!
GLA and stay safe

Canada on fire this afternoon leading the charge
Now at 75 cents
It’s all looking good !

Well in front. I reckon 42p

Just thinking this morning about our next drills
I am thinking that Chinook being a similar looking structure to Cascadura is also now a liquids rich gas prospect when it was thought to be oil
A gas strike 3 times the size of Cascadura would be the stuff if dreams - but only 1 mile away and with a conservative 50 % Cos ! that is entirely possible
This is not wild cat drilling as oil previously found here back in 1959
Cascadura deep - well 4 is also exciting as this was the main prospect ( which was not reached ) when Cascadura was drilled
It originally had a 95% Cos so I’m thinking a discovery here is pretty much nailed on ??
Even if we don’t strike hydrocarbons at the deeper level PB has said already that a second well at Cascadura is required to begin to drain the gas
I hope we shall within the next week get to know how big Cascadura is and then the excitement will seriously kick off
GLA and stay safe

I had 17% drop at 8.10
Great update - so pleased to be very overweight here !!
Almost blue GLA

Yes 100% agree
Let’s hope T&T are open again this week so we can get on with providing details on size of Cascadura and Chinook Spud
Feeling like TXP is about to pop !! GLA

Simon I have just emailed them about the VAT - will post a reply if one arrives
Cheers