Member Info for MoneyDan

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

https://youtu.be/iZC2LffFBw4?t=142
Fantastic news for everyone and remember the drill bit still has deeper to go in that pool :-o

Credit to mynameiskhan on ADVFN:

https://www.linkedin.com/feed/update/activity:6687426440549548032/?fbclid=IwAR3acyxAsB0J2YmR9PvVxkPIzQAL0WYTaX0Vr-1qfgDcXTruR1SdLAPB-yg

As the RNS isn't showing on LES yet here is the link:

https://www.investegate.co.uk/touchstone-explrtn---txp-/rns/cascadura-test-results---independent-verification/202006150700098915P/

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.

oops wrong verse :)
https://www.youtube.com/watch?v=VuAZTWGfQTs&list=RDVuAZTWGfQTs&start_radio=1&t=36

Ain't no stopping us now we're on the move:
https://www.youtube.com/watch?v=VuAZTWGfQTs&list=RDVuAZTWGfQTs&start_radio=1&t=42

This is really encouraging news, it shows that all parties involved are heading in the right direction to sign a GSA. Also all of the comments hint at the significance of the blocks potential ie they are still very optimistic.

Fine with me, I just copied it from TXP's official Facebook page.

https://energynow.tt/blog/ngc-signs-framework-agreement-with-touchstone-and-heritage-for-new-gas-supply?fbclid=IwAR0qKYjV9uNau5qsUOjC68av_P0gmnWA41y7KueCdcD7CXTUxzIXBmzHKsM

Krakenoil.."Show me another stock that’s able to achieve that !"
Think you've opened the flood gates with that statement :-)
TXP Touchstone Exploration have found lots and lots of gas and just need to get it connected .... But i think that will be more than a 3 bagger!

Wouldn't be surprised if they also have an update on rig mobilisation to Chinook and maybe info on the winning bidder for the Coho tie-in.

Like your thinking EricHorseman... the ommission of Royston from recent communications stood out to me aswell.

Slight twist on your theory... maybe they are waiting to see Chinooks outcome before deciding on the next drill i.e. if Chinook comes in and it is indeed a few times bigger in magnitude to Cascadura why not just leave the rig there and drill an offset well from the same pad.

I see you were in at ~38p which is still a bargain when you think how high these shares will go in the near term let alone the long term. I think even if the world is on its knees in June, TXP will be flying high with COHO connected and another potentially transformational drill underway at Chinook.

So selling a ~1/4 of my portfolio yesterday worked well. I've just bought back in over lunch @29.22 which bagged me an extra ~1900 shares as well as freeing up ~£850 not bad for a few clicks of a button. Just wish I'd had the balls to sell the whole lot yesterday.... knowing my luck, they would then have announced a £1.5 pps takeover this morning.

The governments and WHOs response to this Pandemic has been pathetic. China should have had travel restrictions imposed on them near the beginning. The Who seemed more interested in keeping China happy than looking after the population of the World... and why it wasn't called a pandemic earlier, when it clearly was is beyond me (not that it really matters).
Most people in this country will get Covid-19 its just a matter of when. What the government now needs to do is reduce the influx of cases to the NHS. I personally believe they should immediately curfew retirees, as they are the ones at the highest risk from the virus and they don't need to be out and about for work.

I think I might need my head checked then :-/
Whist I agree this is a great share with a bright future (IMO £1+ within 9mths), there is going to be somewhat of a news vacuum for a month or so until the pressure recorders are pulled and after that another months wait before the next spud.
In the meantime all hell will be breaking loose on the markets with Covid-19.
With that in mind I sold about 1/4 of my TXP holding today in two trenches averaging 35.8p, with the view that in the next couple of weeks I'll hopefully be able to buy back more shares for the same money. I could be wrong which is why I have held onto 3/4 of my TXP holding (unexpected takeover etc) but I thought it a gamble worth taking in the current climate.

Just type: LON:TXP into google and you will get live prices.

I was wondering if there could at some point, be a rise in oil prices due to oil shortages on the back of personnel issues ie imagine if somone on a rig catches it. It's also possible the industry could be affected by a shortage of parts being manufactured, much like the auto industry is already experiencing.

PB got quite a bit of stick for his raise at a discount to the then market rate..... It now looks like he timed it perfectly and in hindsight it was a stroke of genius, he deserves Kudos! Imagine having to go to the markets now for a raise, they would have us over a barrel. As it is we have cash in the bank, that should help us not only survive but indeed prosper during this terrible storm.