Member Info for LEXION

On that news for CN I must admit I was expecting an exciting day but hayho we are still up just !!

This lays the foundation for a huge rerate in the coming months

GLA

Soooo quiet on here - was hoping for a little FOMO this afternoon ahead of first CN drill results any time next week

Anything around the 800bopd level would be great

GLA

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

Just snapped up another 18k of AXL - ludicrously cheap
GLA

Think you’re right Johno
They must be pretty certain of good results to come -i really have to top up at this price !!

Royston is not a Duster - flowed 500 bopd from intermediate last time !!

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

@omg - very excited also about drill results but will we not need the patience of a saint to wait 3 months for assays to be done ?

@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

It’s all systems go - closing in on 3000 bopd with more to come from RCE wells and up to 3 more wells to be drilled from end April !
GLA

Trin dollar but still seams an aweful lot for honey !!! Geees oil is a cheap commodity in comparison

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 !!

Hi Corpse
Might need to delete what you have and ask JM. for another invite ??

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

@Hardolestation - there was no water in 1st intermediate test last time - I’m expecting the same this time from intermediate/ sub thrust - but yes there will be some water in any overthrust tests