Yep the potential here is staggering
In interview last yr CEO mentioned 10000 bopd medium term aim ( 2yrs) from existing acreage
$50 netback would be iro $175m a yr
Current market cap $50 m Crazy !! 7 bag from here at that production GLA
@Ezhic - yes nice rise today but only just a minute start !
A good result on current drill should propel us towards 4000 bopd and a good rerate
I only know of one other co with massive prospects not taken on board by market - think you know which one ! GLA
@WWP the seeking alpha research note is what we needed on RNS last week - explains a lot more as to what is going on !!
Nothing is nailed on in O &G but I just have feeling that higher subthrust will flow along with the intermediate- 800 bopd not out of the question
Looks like Canada has dragged us off the bottom !
GLA
4 further tests to go and PB does state that there will be a focus on productivity and development potential
That is the good news -the bad news is we shall have to wait another month before testing will start !!
Why the hell can’t they use Star Valley to test the lot - it’s not as if we are going straight into Casc C drill - I need clarification !
@Joey “ Here's a challenge for you. Do it again with another stock. What's that, you can't?”
Yes we all know that you are p***ed off with TXP and will be out at £1 -that’s you’re choice and just as others here respect that, you should respect everyone else s journey here as they are all different
I do not believe we are gambling here with what we knew before the initial Coho drill all things considered
Oh and as for the statement made above perhaps you could try Arrow 3/3 in a 10 well drill program - no 4 by end of April and fully expect it to be a hit
GLA
@Joey yes I agree Coho is following at a slower rate than forecast. This is not due to any issues with Coho other than the fact that the gas pressure is so high it is displacing Shells gas and that they have knocked us back until the issue is fixed
Nice little rise this am - maybe some FOMO before Easter or pub talk in T and T
Photo as you know I’m up to my ears here but do have a little in EEE AXL and CGO if you would like a little more excitement!!
Arrow doing great with drillbit in Colombia and Contango about to start selling coal in May ( huge and growing market still ) - off take in place
All have risks - not least the mighty TXP
Happy Easter hols everyone- I’ll be working!
Coal up 11.7% today - wow what is that all about - maybe substitute for oil which is flying
It all helps is here
GLA
Hope you are going to be over the moon Smasher - we know Royston intermediate flowed up to 550 Bopd of light sweet crude with no water on a gas test setup last year
With up to 20 wells possible across the Royston acreage I think we could have a JOG type rise with anything around the 750 bopd level
Not long to finding out !!
Happy to wait a few weeks - we have coal to process for many 10’s of years - unlike Scotgold who ran out of Gold yesterday !
GLA
Word on the street is that testing is probably going to start this weekend - first results as soon as next week
As we know we had a flow of 550 bopd a year ago from base of intermediate -with no water cut and 7000 psi ( set up for testing was for gas )
What is wrong with the market - I cannot believe how little interest there is in Royston
My thought is anything above 700 bopd is massive - Royston is huge and could support 20 wells according to PB .(14000 bopd )Also potentially spreads across into new licence area we have recently secured
Royston sidetrack could add as much as Cascadura
GLA