Member Info for LEXION

SimonT - I love what you are saying
Cascadura is going to be transformational- I am becoming more and more convinced
8000 boed by year end would be awesome
4x current production is game in now
Just need to spend 5 mins looking for Royston Cos to get ultra excited ( was it 46% ??) Could be higher now with geology being proven up ?? GLA

Oh and as a side cannot believe our neighbours are up more than us today
Yes nicey nicey rise in production for them but we could have 200% production rise here in next 6/9 months !!!

Dana 100% agree
Just rereading RNS and just could not be better !!
Only currently testing 162 ft of the 1037 ft found
Looks like mainly gas NO SPT
Pressures too high for safety - 3phase testing equipment arriving within next 10 days
Civil works started for next 2 drills
This is going to fly !!
Exciting times

The best news possible - Rubbish market response
What more have we got to do ??
Holding strong- A 10 bagger in the making just more patience required GLA

Yes 100% sure RRE is NOT for trading.
This is a long term cash cow with great management, increasing dividends? and transformational deals that could land at any time. Very happy to hold through day to day minor ups and downs
On the verge of turning blue today after small shake out this morning GLA

Yeah dont know of anyone on RRE board that was in at 50p
I’m v happy to have started my holding at £5.75
Getting in early is the key - look at the builder who now has a £39m value holding in SQZ - his first shares were at 4p I believe
I agree Spawny - it’s going to be a very exciting year for TXP 10 bagger if Royston comes in GLA

RRE are 4 years old
50 p to 2150 - almost 50x return with divi and cap return
Wasn’t in at 50 p unfort but very happy from £5.75
50 x over next 4 years would make us all multi millionaires
5 x would do for starters !! GLA

Soaking up all the positivity here today
No comment- that’s all I need to do. GLA

Munchbox I think your 2 pence is not worth one pence !!

Also great to be confirmed that as long as oil prices stay in current range then Chinook is fully funded ready to be drilled in Q2
By then Coho online and oil from Cascadura moving by tanker- ready to help fund the BIG ONE .
Quite doable along with 60p share price/ £100m mkt cap Let the good times flow !!

Yes this is great - as PB says on page 2 any speculation that we need to come to the market for finance is completely wrong and has not taken into account the huge progress that has been made
Exciting times GLA

30% of spirit would be great
I do still feel that a Repsol/RRE Farm in to Serenity may happen later once Serenity is proven up ? GLA

Yep all looking good. £18.45 of unrestricted cash per share. Just waiting now for AA to return from New Year Sales with a nice big bargain !! GLA

Had a rethink and a recalc
Yes was too strong at $340m I think
My thoughts are 31/8 $282 m
4 months income $5.5m /week $93m (20k boed $40 netback )
Less Capex $4.5m / week approx $76m
Less divi $10m
My revised cash position $289 m or £219m
Good luck for an exciting week

It’s Monday then Munch. Set the alarm for 6.55 am.
Looking forward to trading update and operations report
Oil spike today can only help. GLA

Crunch day has arrived as new regs kick in to limit Marine fuels to 0.5% Sulphur content from the previous 3.5%
Should hugely help future prospects for JSE as the change gathers pace GLA

My prediction is £20 a share ie £260m
I hope to be proved wrong to the upside GLA

Trek I echo your $100m next year
1800 bopd current production
2000 boed gas Coho Q2
2000 bopd oil Cascadura Q2 ( complete guess - been looking at Darcys Equation but beyond me !! )
5800 x $60 gives $2.4 m a week or approx £2m at week of income
Don’t know about 10 bag but I think 60p to 80p a share is very doable given what we know already - £100m market cap
GLA

Very happy also Dana
To be honest very overweight in RRE so would benefit more here
however TXP could be extraordinary with 2nd drill flow rates due and further potentially huge drills to come.
What I do know is fortunes could be made in either or both so not going nowhere!!!

Oops Goodbody
Bit a a slip there !!
I’m rather hoping we will see massive share price progress in 90 days not 900 years !!
Who knows where TXP will be in 2920 though