RE: $2.21 Canada - My apologies to the objector...23 Dec 2020 18:11
If you really must insist on providing a link to the share price every time it moves in Canada please use: https://money.tmx.com/en/quote/TXP As it will take up less space on the board and will provide real time data.
You could be on to something with SO4, my only caution would be the "remaining permitting required to support full-scale operations", I've seen quite a few mega projects in Australia move at a snails pace whilst tangled up in environmental reviews. I took a v.little side gamble on Zephyr Energy (LON: ZPHR) yesterday, accompanied with a little top up here :)
Look at Pg11 .... :-O If those Herrera sands do connect from Chinook to Cascadura deep all bets are off with the SP as its massive! As for for the size Roystone on Pg12 .... :-0 This share has so much more to give!
Tidd83 thanks for Sharing Junky Monkeys excellent summery. My master plan of recording the presentation whilst putting the kids to bed failed spectacularly, as unbeknownst to myself the free recording software was limited to 10min :(
My god if Chinook and Cascadura are connected that would be a step up even for the amazing finds/prospects Touchstone already has on the cards. I wonder if the decision to not test straight away has anything to do with wanting to test connectivity between the two (I realise they state safety reasons and in my mind it's more probably down to financial reasons).
A capital rise in the current company circumstances doesn't concern me in the slightest, TBH I half expected an RNS yesterday with Paul then using the presentation to explain the reasons. In-fact I'd see a small call to market as a bonus, as it would enable the company to speed up progress on the block.
Agree even with today's rise TXP is massively undervalued, we probably already have 1TCF of gas i.e. ~£2 Billion worth of gas . Factor in the 20+ prospects and the current ~£210M Mcap and £5+ looks more than achievable in the not to distant future.
Congratulations all!! This has made my Day.... Week....Year :) This structure roughly four times broader than Cascadura, the sands sound as if they are less tight and we have shows at deeper levels i.e higher pressures... so the big question is whats the size of the '3P' prize? I'm going to start the guessing with a nice round 1TCF
RE: Big sells and why SP is temporarily back down to 2.5p: Trafalgar12 Aug 2020 12:07
Just prior to the merger BPC had a ~£58m mcap and CERP had a ~17m mcap i.e. a combined mcap of ~£75m At a SP of 2.22p the merged company now has a mcap of ~£75m I'd suggest the market has just settled at the correct level i.e. ~2.22p
Gas analysis indicated sweet, liquids rich natural gas with no hydrogen sulfide and no entrained water. Based on the data obtained during both tests, the Cascadura-1ST1 reservoir appears to be unbounded within the area of investigation, confirming a larger pool than originally anticipated. Absolute Open Flow Potential ("AOFP") modelling indicates that it is reasonable to design for an initial gross production rate of between 7,750 and 9,700 boe/d (6,200 to 7,760 boe/d net) based on estimated gross rates of 40 to 50 MMcf/d of natural gas and 1,100 to 1,400 boe/d of condensate.