Member Info for LEXION

mist ?? meant most

Rookie1 Not really looked at Parkmead but will do PVR interesting also. At the moment I can’t see anything with as much potential and excitement as our RRE over the next few years I may too slice for a nice holiday but think prospects are so good here that mist will stay. Bwdik GLA

Just market exuberance at this stage I think !! - so few shares in free float moves very quickly

Sidetrack took 21 days to reach target depth
Must be close now to Appraisal well depth -day 18
I’m hoping good results sooner than plan !!

Agree with all morning posts. Share price fall overdone
as usual. Yes no fireworks but SD does now look on track.
SR drill no results yet - perhaps it’s huge !
At least no skeletons- patience patience bottom draw

Thank you -it would be nice never to see 12p again. Will any of Range be of interest to TXP ? I guess all thought will be on Ortoire GLA

Range at half year were producing 583bopd from their wells
Perhaps that production could be bought cheaply and may open up some opportunities

Hi 1750
Did not know there was any placing stock available
Why did we not know ?? -was it my poor research
Happy for TXP to hopefully be finally rising again and
looking forward to the drilling campaign -could be transformational GLA

Don’t know anything about charting but hoping this rise is
the build up to SD coming on line
Perhaps someone out there
knows a little more info on that than we do
GLA

Might Trin be interested in snapping up any of Range
Resources. I guess they are looking ?

How much gas could Montara produce ? - any ideas ?

Been here for only one week but feel more excited each day with prospects As you point out Mytton this looks to be the Australasian RRE. Im sure we will reach 30k boed well before 2023 through in house production and acquisitions
Rough calcs at 30k production gives over $500 million p a free cash flow- based on 30000 x 365 x $50 netback !

Rookie1 I think it just shows very clearly how under valued RRE was before the Marathon deal !!

Rookie I researched JSE last week and bought in on the basis of their philosophy being similar -just the other side of the world Spreading my risk I guess!

Morning My question is what situation was SQZ in when they did their BP deal. As we know RRE was seriously undervalued when the Marathon desk was announced -were Serica in a similar situation? What I’m getting at here is that RRE should have had a value in the mid to high teens without the Marathon deal Does that make sense ? GLA

Good to see we are now on 11% discount to Brent down from 15% in Q4 It all helps ! Surely we are due a rerate !!

Evening Guys LSE presentation now on you tube Def worth a watch. 25 min in talks also about having enough free cash flow for all capex and $100 million spare! Future prospects look exciting Vietnam gas development on target GLA

Yes all looking really good here today. I’m thinking the presentation last night must have sparked some good positive interest !

Excellent ! Good rise again today.
Just looking at production guidance for year.
Is this right? 15000 bod x 365 x 48 netback based
on $72 for oil and cost of $24 gives over $250 million/
Year ...Huge. GLA

Oil and Gas investor evening later
Anyone going who can report back. ?
I guess wont hear much new info but will be good to get story across to more potential investors