The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thanks for the reply Smaher.
Lexion, I had exactly the same feeling. I figured that a 10 year agreement, with firm commercial commitments, was very good news for the long term. Maybe my rose coloured spectacles are really clear today but I see this as the next step on the excellent road (with humps and bumps) that the Mighty TXP is taking us along.
Did I understand that PB is trying to get an 'all inclusive' permit for the Ortoire block? Would that mean that all the licenses, platform permissions and pipelines would all fall under the same permit? That would be good if it was, maybe I misunderstood?
Even if nothing else is, at least there is news in the pipeline......I'm so funny!!
Have great weekend all. Not sure we will get our £3 this year but hey ho. I don't need it this year now but it would be nice to have at some point, if only to ride in Lexion's new tractor.
Well hello there. I'm still here but as Lexion rightly says, I am incredibly busy. Not with weddings just yet, only three so far since the restriction lift, it will kick back in in August, but busy with my handyman work. Mrs Photo and I are working 6 days a week and we still can't keep up with the demand!! Mrs Photo is a good South African farm girl and hardwork does not phase her.
I am 'almost' kicking myself though. I said back in January that any delay on selling gas from our World Class assets, and being reliant on others bringing our gas to market, would be bad. I can't remember my exact words but I know I made it clear I wasn't happy.
Having said that, I am a LTH and although this 'road bump' is more like a chasm found on most South African highways, I am still fully in and and happy to be a holder of the Mighty TXP.
Hoping that you are all doing well away from TXP.
What is the latest anyway? I haven't been looking at the TXP news. I do check for RNS' but that's about all I know.
From James Shipka COO.....
'There remains an additional 558 feet of potential pay above the tested zone in sheet three which can be evaluated in future development wells.' Nice......
I said YEE HAA!!
That list makes a pint glass overflowing Lexion!!
Damn I hope so Lexion!!
To be honest Bully, I don’t really know what I’m reading or doing with the shares. I get lucky or not and that’s about the strength of it.
Thanks for your time. Hope you have a great weekend lined up.
Hold on...I just pooed my pants. Are you saying that if all the 'world class assets' are turkeys we could drop to 12-19p?
Thanks for the answer Bully. Apologies though, you are tallking to the uneducated on how P/E etc all works. Have you got an estimate on SP? Just for leagcy oil and COHO though.
If all of our ‘world class assets’ turn out to be turkeys, and we only have our legacy oil and COHO connected and selling gas, how much would the TXP SP be? Anybody got a rough idea?
It’s the first time in as long as I can remember that I hope we don’t get an RNS today. What a day yesterday.
Looks my £3 dream figure is still the pot of gold at the end of the rainbow for now. Ol well.....
Morning Ezhik, I agree with you, not going to be pretty today. Man....we were doing so well. I always remember Malcay saying ‘sometimes the journey is better than the destination.’ Hmmmm....wise words for the moment.
Opinions?
Hi Scott, I guess, and really is just a guess, that the testing needs to be complete before they can say that the wells can be bought online.
"Our primary objective remains to bring our two natural gas exploration discoveries at Ortoire onto production in 2021. Additionally, production testing operations are ongoing at our Chinook-1 and Cascadura Deep-1 prospects, and we anticipate drilling our Royston-1 location in the second quarter of 2021."
That would be lovely Bully, hoping you're correct.
Does anybody have a guess at the delivery time of the next set of test results?
I really liked that PB said he 'recognizes that some people have eyes on the ground' and that it is really hard to hide a massive flare (he said a number not the word massive). I did laugh at that bit.
The mighty TXP is going to make everybody very very wealthy!! Nice one PB.....
Somebody could always email TXP and ask about the Kraken timing? I won't as my emails never get answered unfortunately.