Member Info for LEXION

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

Final top up executed- maybe Canada will be a little more excited this aft than London is - who still believe that Royston is full of water!
Not long to wait
GLA

Time for that final final final topup -Royston flow results will be massive for us either way
GLA

Yep - make or break time here is imminent- please EEE prove that there is **** loads of high grade copper in the “ GIANT” copper target
3 months to wait for assays though I guess ?
GLA

I think it’s well down list of priorities at moment Smasher
Market this am thinks that Royston is a duster and Casc will never be on line !!
It does not believe we have a signed fixed price gas delivery contract for Coho and Casc gas with built in inflation adj
I am struggling not to add a few more !!!

I agree Sturm -no reason to think test will not be April as everything points to star valley doing well test
It’s sat there why move and bring in another rig
That’s my thought -it may or may not be PB ‘s thought - who knows what he thinks
GLA

Let’s go for 8p Joey per Royston well x 21 wells
- id be happy with a £1.68 uplift for starters !!

Added a few more this am at just under 19p - seems like a bargain now to me
Drill programme is proving to be spot on plan
Moved partly away from Zephyr - rightly or wrongly
GLA

and King Suarez - sorry !!

Great work GinM
So 18 m down line I’m hanging my hat on $120m from Casc and hopefully 8000 bopd from Royston at $40 netback to give another $100m to the pot ($220m/yr )
- surely enough to support a market cap of £750m and share price 5 x where we are today £3
Let’s hope we all survive long enough to be rewarded!!!

Yes absolutely agree - ordinarily a reserves rise with no drilling for 12 months would feed through to a share price rise but PB has currently destroyed all confidence
However I look at PRD struggling with testing in Morocco and Panr struggling with drill flow in Alaska and Zephyr struggling with well testing and infrastructure amongst many other companies struggling with one thing or another and
think where else other than TXP with such incredible prospects could I put my hard earned and there is no where with better risk reward than here
GLA

Just taken a little stake 10k shares while I wait for TXP to wake up
Loads going on here - very exciting prospects and constant news flow
I have to admit don’t normally invest on Malcy advice but sounded too good to miss on a Friday afternoon
More research to be done over weekend
GLA

@Highland Matt - great work !!!
Not a massively gushing RNS ( on the rhetoric)!
Think the new PR guys - have scaled back PB’s over enthusiasm
Anyhow great RNS and super excited for flow rates
We now how some positives to talk about for a change!!
Would like a XM / PB interview to tell us a little more
GLA

70p equivalent- maybe a bit of FOMO or someone down the pub has heard a whisper from Royston
Alarm is set
GLA

Yep - would not be coming over to Empiireunless he thought there were some great assets to get stuck into
GLA

@ Eastport - unfortunately the market doesn’t agree
A very strange response to a good RNS

Yes it’s so frustrating!! - do we add a few more in the hope of Royston being a gusher or not - I’m not sure I’ve the energy to make the decision!!!

I’m really bored now of constant delays - hating these top up opportunities

Very odd Thorpin - works for me
Keep trying it’s worth it !!

What a great Saturday- New PR team and uploaded photos of kit arriving for Casc
All we need now for blast off is a great RNS of Royston flow rates next week!
GLA