Member Info for LEXION

Just sat eating Easter Egg in sun and worked out RockRose could have bought 684000 Easter Eggs over the 4 day hols with cash produced. - not rubbish ones but the super market 3 for £10 deal !
Making me feel queasy with that thought though ! Happy Easter and GLA

P/E of 2.5 - that’s entirely possible !

Breq - info as per the Rns. Remedial work on Montara in q2/q3 is expected to add a further 3200 bopd to output. Takes us nicely above 20000 bod by yr end Better still !! GLA

Solid set of results-not really about the past year but far more about the exciting future potential in next few years
Expecting very positive conference call GLA

Yes absolutely -some profit taking is no bad thing.
Cleared some 10% ers this morning and now moving up again ! GLA

Steady away results from Trin today - think there is a switch into the far more exciting and progressive TXP going on
I was a holder in both but now just TXP
Exciting Times ahead

1750mk1 I really like the look of JSE down under.very much in RRE ilk(later life assets)
Huge production and FCF over next few years -similar valuation
Results on Thurs
Back to RRE I love working these figures out -They are producing £1.25 of FCF per share each month !!

1750mk1
So quiet on here while we wait zzzz
Perhaps we should become the TXP board for a while !
GLA

Rerate well over due.
Exciting times next few weeks as the build up to Ortoire grows
2200 bopd and 23 m market cap - ludicrous!

Fair dealer I agree with much you say
I believe the first loss is the best loss if that makes sense and sold 90% of my JOG on that first morning
It is really hard to do ! Have put dregs into JSE rightly or wrongly
Many investment theories will advocate selling quickly and moving on if things go wrong but as you also say taking profits however small and possibly missing out on larger gains is a sensible way to go also GLA

Hi Ajax
No don’t think so. Think could put in as little as £50 a month into a stocks and shares ISA
For a little more excitement I like the Marlborough uk smaller companies fund - still some oil excitement as a has a holding of SQZ !

I too have been hammered with Echo and now JOG
Something safer to tick away in background is the LT global fund -up about 125% over last 5 yrs
Aim is often a company graveyard!! GLA

Not sure we need $100 24k boed x$45 netback at $70 is about $1 m a day FCF or $365m a year -£270m a year Based on your PE of 3 gives a value of £63.80 a share. Too good to be true - but medium term ??

Within a 1p of my bought in price after today Back in Oct/Nov 18 I punted for 22p by last Xmas !

Still that huge potential and ever closer. 40p by Xmas 19 will do nicely !!!

If anyone needs a little reminder of this company’s prospects then a listen to Paul Blakeley on proactive investments will win you over GLA

Looking forward to prospectus and readmission -it’s far too quiet !
End of year financials due this month - might there be an update with them ?

Market Cap £1.5 m below UKOG
Erm there is something seriously wrong here !
Patience of a saint required

West Phoenix is still at anchor as of 30 mins ago with Sea Frost supply vessel at its side.

This is a good sign !

Thank you Mt Tiede for your musings
Could truly be awesome starting with positive drill results from ongoing infill well
Could even take off a further 10% - global warming and more typhoons etc and I’m sure we would all be very happy still
I can also see further purchases as all that free cash flow builds up - although significant capex will be required in Vietnam

https://www.spglobal.cxm/platts/en/market-insights/latest-news/oil/030719-interview-north-sea-newcomer-rockrose-energy-poised-for-expansion
Check this out guys
It’s spglobal.com though
Could be $30m -awesome