Member Info for LythamSlim8

Appears to be NT for anything > 5k shares. Could see another vertical leg.

£200m? Did wonder if that may a bit rich but you never know.

Short term the valuation will be determined by earnings. VSA Capital's 20p call is entirely feasible within that.

However, I think that as the untapped projects in Bologna come online and also as PXEN make further accretive investments, then the market will also begin to price in multiples for future earnings growth (Spain assets included). This is when £200m market cap seems entirely feasible.

FCF will drive this. Then if the growth looks sustainable the market will add multiples for the growth. Here's to 80p / share.

Yes. Quoted 6.55p to sell but who would even at that price?

VSA Capital out with a research note and 20p / share price target. Ticked up a little now.

Seems that every drip of news gives a boost to the SP. Plus there's decent volume - all makes for a healthy market in the shares. The chart (MACD in particular) is suggesting that this is about to go and the MMs will have no choice but to let it lol.

Yes. The actions of Putin over the past week have highlighted the hypocrisy of Greta loving governments that were happy to rely on cheap Russian gas.

There is no avoiding the fact that Europe has to address the supply side in order to ensure access to homegrown and affordable energy. Onshore gas extraction (PXEN's domain) costs a fraction of the price of the offshore equivalent.

Think we're about to print some big vertical legs here.

Fitch know:

'A full shut-off of Russian pipeline gas to the EU increasingly looks like a reasonable assumption'

https://www.fitchratings.com/research/sovereigns/eurozone-recession-likely-as-gas-crisis-deepens-01-09-2022

Gives a compelling reason for the Emilia Romagna Regional Council to expedite the INTESAs for the remaining gas fields at Podere Maiar.

The obvious move would be to exploit their indigenous gas supplies:

https://www.bignewsnetwork.com/news/272686067/eu-has-no-alternative-to-russian-energy-ex-saudi-aramco-vp

Bull flag pattern on the 5 day chart looks pretty much complete. Ready for the next leg up.

East Selva is the big one.

Thar she blows.

Bought 2 lots today - as yet neither showing. Should print some decent vol today.

Just bought some more at 5.53p. Not yet showing.

Has the makings of a decent sized integrated energy company. B+gger ESG but with the gas and solar this ticks a lot of boxes regardless.

From small acorns grow mighty Oaks.

Lease sale 257 (biggest offshore O&G lease in US history) has been reinstated. The Gulf of Mexico of will see huge investment.

Boom times for the likes of PFC & WG.

Right place, right time for this company. Europe is facing a shortage of gas without Russian supplies. Onshore gas field in Bologna - safe area and a fraction of the cost of offshore gas. Selva will add big FCF but Selva East is the big one. Plus the Spanish plant. The current projects offer many catalysts for the SP.

Also Mark Routh recently mentioned they were looking at other opportunities.

NT

Almost at the end of this down move imo. Just waiting for Ammu to pipe up & give the buy signal.

Oil spanked. Think we'll see the end of this bull flag at some point this week - possibly around the 200dma at 25p.

Cup & handle pattern forming on the daily chart - this goes any day now.

Promising for the sector...

https://oilprice.com/Energy/Energy-General/Offshore-Drilling-Is-Coming-Back-With-A-Bang.html

Gives an idea of the upside potential as PXEN develop the Selva project and also the huge potential at Selva East (35bcf compared to 13.3bcf at Selva). Mentioned towards the end of the Podcast - up to 25 year lifespan for SE.

https://audioboom.com/posts/8134934-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen

Given the relatively low opex involved in onshore gas and low breakeven, the FCF added by Selva will be a catalyst for the SP.

Selva East at production will take FCF to the next level.

Also mentions keeping one eye on business development opportunities. Mark Routh looks to be developing Prospex in to a successful and low carbon footprint energy provider.

Some renewable in the solar projects, though mainly onshore gas - the ultimate transition fossil fuel?

Won't go up in a straight line...Possible bull flag etc.