Member Info for LEXION

@Joey - you do like to wind us all up here - I advise a nice bottle of Kraken spiced Rum to calm your nerves
I am fortunate to have been in since 12p and have no doubt that once Casc is online at 200 mmcf/d and 5000 of Condensate then we shall be well over £2 without Royston
Good luck all - You make your luck in life and I see many reasons to think we will all do very very well here

Drill update within the week is my prediction- if as thought we were at TD a couple of days ago
GLA

@ Alligator- it’s even worse than you state - only £149 m Market Cap at mo
Fair value once Casc is up to 200 mmcf/d and 5000 bpd of condensate is £600 m Market cap I believe without any Royston upside
GLA

@Scott - Very true would be a longer term return as EIA would be required for area development .However I believe 2 wells can be drilled without EIA
On a success case for Royston ST then a 2nd well could really work
Say 2 wells producing 1000 bopd each on long term test could immediately add up to $18 m to fcf over course of year
Enough to drill Kraken and Steelhead
Hopefully next week we shall know !!

With XM on site that could be very encouraging
I am still of the opinion that a good Royston result is worth as much as Casc !!
If correct then chance of initial RNS Friday ?
Can’t wait

That’s a mighty big water tank 1m lts !!- it’s all moving forward and coming together
- very much looking forward to that $70 per tonne margin on 10k tonnes per month just for staters in as little as 8 weeks
Bring it on

I think we have negative 50p built in for Royston - which I think is as important to TXP as Cascadura will be
Will the market react positively to 800 bopd ? - it makes you wonder
They haven’t a clue
10 days and counting
Thanks Domus for your valuable input - hugely appreciated
I’m excited even if the market isn’t !!
GLA

@ boom boom
Check out my post from last weekend
Royston could be worth as much as Cascadura if we could get 700 plus bopd
Don’t forget Royston covers a massive area so numerous wells would be needed to drain
Absolutely NOTHING ZILCH ZERO NOUGHT in the share price for Royston
Let’s not forget first drill test flowed 550 bopd under huge pressure with gas setup and major drill issues
- Was still in pay at 10700 ft - hoping to drill a further 600 ft this time
Should have TD in 3 weeks
GLA

Hi Photo - as you know not my forte also but it’s fair to say there is not a cats chance in hell of hookup in Q1
However progress is progress and it will all happen
Much kit is built and ready to be brought in and bolted together (quickly) if the will is there !!
GLA

@ Christo4 - I think if 800 bopd can be proved up then with Royston covering a massive area 20 wells would be needed to start to drain
This is analogous to Penal Barrackpore - so could flow for 30 yrs or more
My thought is could be worth £2 a share ( similar to what Cascadura will be worth ) once hooked up with development wells on line
The big prize is Kraken - dare to dream
GLA

Nothing in for Royston
With Royston ST spud imminent the market has completely and utterly ignored what success here could mean
We know from RNS 6 Dec 21 that only 30 ft of the intermediate sheet flowed 550 bopd of 94% sweet oil at high pressure. The drill was still in hydrocarbon pay at final depth 10700 ft
Testing was carried out with a gas testing setup -not ideal at all
I am very excited to see what Royston could reveal if the drill goes well -indeed anything above 800 bopd would be massive as just think what a development of 15/20 wells could produce (15 wells x 800 x $25 net back ) per day would add over $100 million a year to income
Wow - let’s get this proper drill rig working - the excitement builds for me anyway ! This is appraisal drilling with MASSIVE upside
Spud Tomorrow??
GLA

Reiterated first sales still on by end of Q1 - I’m happy if CEO is happy
Pleased to be in before FOMO and herd arrive - hopefully!!

Canadians think this is a great deal - rocketing up !!!

Txp ticking up in Cad this eve 1.14 on Bloomberg
I can sense 70p tomorrow here
Is the pipeline across Balata East capable of moving the possible 5000 bpd of Casc liquids and hopefully Royston oil ? - may save a huge amount of work building new pipelines if that is the case ??
This asset swop I believe is a huge deal the market has not fully understood - in one very easy move has expanded the Cascadura and Royston fields - the markets love growing reserves
GLA

While we wait for the rig move to Royston ST I’ve been doing a little dreaming !!
Just think if Royston were to flow at 1000 bopd - then multiply by 20 development wells
- then work on $25 net back at $75 oil
-Then do the maths - 20k x$25 netback
$500000 FCF per day or $180m per year !!!- significantly more than current market cap
Am I delusional - no it’s highly possible but let’s get that drill rig moving first !!
GLA

Looking promising for tomorrow-can we please have a rig mob RNS in morning
CW- please don’t sell out at £1.20 - yes it’s been painful for 2 years now but given a little luck we could be £2.40 within 15 months - I’m hopeful!!!

@ Newboots
Ask Junkie Monkey for invite across there - it’s the place to be for info

A happy New Year all - talking of value I’m hoping that this year will be the year of the Fendt
I remember thinking the same in 21 and 22!
Have Jury service coming up soon and am already thinking what to do if PB is in the dock for 2 years of missed deadlines
All will be forgiven if we reach stock price levels being put forward over on Discord
Good luck all

Interesting stats Smasher
I bottom fished a few over on Panr first thing in hope of adding more here in new year
Currently not enough bounce to have been worth while !!
Rig move to Royston in new year will be first of many exciting RNS in 2023
GLA

Just given myself an early Xmas present - another 7k added to the pot
I sense 2023 will be our year
GLA